ZTO Express (Cayman) (NYSE:ZTO) Raised to "Buy" at StockNews.com

ZTO Express (Cayman) (NYSE:ZTO - Get Free Report) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating in a note issued to investors on Wednesday.

A number of other analysts have also recently commented on ZTO. HSBC cut ZTO Express (Cayman) from a "buy" rating to a "hold" rating and dropped their price objective for the stock from $28.00 to $20.00 in a research report on Tuesday, January 21st. JPMorgan Chase & Co. downgraded ZTO Express (Cayman) from an "overweight" rating to a "neutral" rating and reduced their target price for the stock from $25.00 to $23.00 in a research report on Thursday, March 20th. Finally, Hsbc Global Res downgraded shares of ZTO Express (Cayman) from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, January 21st. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $22.78.

ZTO Express (Cayman) Stock Performance

Shares of ZTO Express (Cayman) stock traded down $0.34 on Wednesday, reaching $19.88. The company had a trading volume of 589,691 shares, compared to its average volume of 3,033,145. The firm has a market cap of $12.01 billion, a PE ratio of 13.70, a PEG ratio of 1.03 and a beta of -0.13. The firm's 50 day moving average price is $19.67 and its two-hundred day moving average price is $20.92. ZTO Express has a 52-week low of $17.89 and a 52-week high of $27.50.

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ZTO Express (Cayman) (NYSE:ZTO - Get Free Report) last released its earnings results on Tuesday, March 18th. The transportation company reported $0.44 earnings per share for the quarter, missing the consensus estimate of $0.46 by ($0.02). The firm had revenue of $1.77 billion during the quarter, compared to analyst estimates of $11.73 billion. ZTO Express (Cayman) had a net margin of 20.56% and a return on equity of 15.44%. As a group, sell-side analysts predict that ZTO Express will post 1.57 EPS for the current year.

Hedge Funds Weigh In On ZTO Express (Cayman)

A number of institutional investors have recently added to or reduced their stakes in the company. Advisors Asset Management Inc. lifted its stake in shares of ZTO Express (Cayman) by 12.0% in the 3rd quarter. Advisors Asset Management Inc. now owns 12,057 shares of the transportation company's stock worth $299,000 after acquiring an additional 1,293 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of ZTO Express (Cayman) by 112.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 187,114 shares of the transportation company's stock valued at $4,635,000 after buying an additional 98,877 shares during the last quarter. Cerity Partners LLC grew its stake in shares of ZTO Express (Cayman) by 3.7% in the 3rd quarter. Cerity Partners LLC now owns 18,913 shares of the transportation company's stock valued at $468,000 after buying an additional 674 shares in the last quarter. DRW Securities LLC bought a new position in ZTO Express (Cayman) during the third quarter valued at approximately $411,000. Finally, Quantbot Technologies LP acquired a new stake in ZTO Express (Cayman) in the third quarter valued at approximately $666,000. Institutional investors and hedge funds own 41.65% of the company's stock.

ZTO Express (Cayman) Company Profile

ZTO Express (Cayman) Inc provides express delivery and other value-added logistics services in the People's Republic of China. It offers freight forwarding services; and delivery services for e-commerce and traditional merchants, and other express service users. The company was founded in 2002 and is headquartered in Shanghai, the People's Republic of China.