ZTO Express (Cayman) (NYSE:ZTO) Shares Up 2.8%

Shares of ZTO Express (Cayman) Inc. (NYSE:ZTO) traded up 2.8% during trading on Thursday . The company traded as high as $19.89 and last traded at $19.86. 799,403 shares changed hands during mid-day trading, a decline of 81% from the average session volume of 4,245,415 shares. The stock had previously closed at $19.31.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on ZTO shares. Bank of America upgraded shares of ZTO Express (Cayman) from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $22.00 to $29.00 in a research note on Thursday, March 21st. StockNews.com cut shares of ZTO Express (Cayman) from a “buy” rating to a “hold” rating in a research note on Tuesday, February 6th. HSBC cut their target price on ZTO Express (Cayman) from $32.00 to $30.00 and set a “buy” rating for the company in a research note on Thursday, March 21st. Finally, JPMorgan Chase & Co. lowered their price target on ZTO Express (Cayman) from $37.00 to $30.00 and set an “overweight” rating for the company in a report on Thursday, March 21st. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, ZTO Express (Cayman) has a consensus rating of “Moderate Buy” and an average target price of $32.00.

ZTO Express (Cayman) Stock Down 0.3 %

The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.12. The company has a market capitalization of $12.10 billion, a P/E ratio of 13.47, a PEG ratio of 0.75 and a beta of -0.04. The stock has a 50 day moving average price of $20.17 and a 200 day moving average price of $20.84.

ZTO Express (Cayman) (NYSE:ZTO) last posted its earnings results on Tuesday, March 19th. The transportation company reported $0.38 EPS for the quarter. The firm had revenue of $1.50 billion during the quarter. ZTO Express (Cayman) had a return on equity of 15.24% and a net margin of 22.70%. On average, research analysts anticipate that ZTO Express will post 1.69 earnings per share for the current fiscal year.

ZTO Express (Cayman) Announces Dividend

The firm also recently announced an annual dividend, which will be paid on Monday, April 29th. Investors of record on Wednesday, April 10th will be given a dividend of $0.61 per share. The ex-dividend date is Tuesday, April 9th. This represents a yield of 2.82%. ZTO Express (Cayman)’s dividend payout ratio is presently 41.22%.

Hedge Funds Weigh In On ZTO Express (Cayman)

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Captrust Financial Advisors bought a new stake in shares of ZTO Express (Cayman) in the second quarter worth $36,000. Advisor Group Holdings Inc. raised its position in shares of ZTO Express (Cayman) by 26.2% during the fourth quarter. Advisor Group Holdings Inc. now owns 2,248 shares of the transportation company’s stock worth $61,000 after acquiring an additional 466 shares during the last quarter. Tower Research Capital LLC TRC lifted its stake in shares of ZTO Express (Cayman) by 31.8% in the fourth quarter. Tower Research Capital LLC TRC now owns 3,278 shares of the transportation company’s stock worth $70,000 after acquiring an additional 791 shares during the period. Janiczek Wealth Management LLC boosted its holdings in ZTO Express (Cayman) by 34.3% in the third quarter. Janiczek Wealth Management LLC now owns 3,562 shares of the transportation company’s stock valued at $86,000 after acquiring an additional 909 shares during the last quarter. Finally, Blue Trust Inc. increased its position in ZTO Express (Cayman) by 1,333.1% during the 4th quarter. Blue Trust Inc. now owns 4,973 shares of the transportation company’s stock valued at $106,000 after purchasing an additional 4,626 shares during the period. 41.65% of the stock is currently owned by institutional investors and hedge funds.

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.