ZTO Express (Cayman) (NYSE:ZTO) Downgraded by JPMorgan Chase & Co. to Neutral

ZTO Express (Cayman) (NYSE:ZTO) was downgraded by equities research analysts at JPMorgan Chase & Co. from an “overweight” rating to a “neutral” rating in a report released on Thursday, MarketBeat Ratings reports. They presently have a $23.00 target price on the transportation company’s stock, down from their prior target price of $25.00. JPMorgan Chase & Co.‘s price target would suggest a potential upside of 14.68% from the company’s current price.

A number of other equities research analysts also recently issued reports on ZTO. StockNews.com downgraded shares of ZTO Express (Cayman) from a “buy” rating to a “hold” rating in a research note on Tuesday. HSBC downgraded shares of ZTO Express (Cayman) from a “buy” rating to a “hold” rating and reduced their price target for the company from $28.00 to $20.00 in a research report on Tuesday, January 21st. Finally, Hsbc Global Res downgraded shares of ZTO Express (Cayman) from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 21st. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat, ZTO Express (Cayman) presently has a consensus rating of “Hold” and a consensus target price of $22.78.

ZTO Express (Cayman) Price Performance

Shares of ZTO stock opened at $20.06 on Thursday. The firm’s 50-day moving average is $19.55 and its two-hundred day moving average is $20.97. ZTO Express has a 12 month low of $17.89 and a 12 month high of $27.50. The company has a market capitalization of $12.12 billion, a PE ratio of 13.83, a price-to-earnings-growth ratio of 1.03 and a beta of -0.13.

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

Hedge Funds Weigh In On ZTO Express (Cayman)

Large investors have recently made changes to their positions in the stock. Public Employees Retirement System of Ohio lifted its stake in shares of ZTO Express (Cayman) by 10.1% in the fourth quarter. Public Employees Retirement System of Ohio now owns 209,907 shares of the transportation company’s stock valued at $4,104,000 after purchasing an additional 19,329 shares during the period. Arrowpoint Investment Partners Singapore Pte. Ltd. purchased a new stake in shares of ZTO Express (Cayman) during the fourth quarter worth about $246,000. Voloridge Investment Management LLC purchased a new stake in shares of ZTO Express (Cayman) during the fourth quarter worth about $10,802,000. Quantinno Capital Management LP grew its holdings in shares of ZTO Express (Cayman) by 20.5% during the fourth quarter. Quantinno Capital Management LP now owns 18,444 shares of the transportation company’s stock worth $361,000 after buying an additional 3,133 shares in the last quarter. Finally, OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in shares of ZTO Express (Cayman) during the fourth quarter worth about $231,000. Hedge funds and other institutional investors 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.