ZTO Express (Cayman) (NYSE:ZTO) Stock Rating Upgraded by Hsbc Global Res

ZTO Express (Cayman) (NYSE:ZTO) was upgraded by analysts at Hsbc Global Res from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

A number of other research firms have also commented on ZTO. JPMorgan Chase & Co. lowered 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 report on Thursday, March 20th. HSBC upgraded ZTO Express (Cayman) from a “hold” rating to a “buy” rating and set a $22.00 price objective for the company in a report on Monday. Finally, StockNews.com upgraded shares of ZTO Express (Cayman) from a “hold” rating to a “buy” rating in a research note on Wednesday, March 26th. Two equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $23.28.

ZTO Express (Cayman) Price Performance

Shares of ZTO Express (Cayman) stock opened at $18.79 on Monday. ZTO Express has a 1 year low of $16.34 and a 1 year high of $27.50. The firm’s 50-day moving average is $19.55 and its 200 day moving average is $20.51. The stock has a market cap of $11.24 billion, a price-to-earnings ratio of 12.96, a PEG ratio of 1.03 and a beta of -0.03.

ZTO Express (Cayman) (NYSE:ZTO) last issued its earnings results on Tuesday, March 18th. The transportation company reported $0.44 earnings per share (EPS) 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 the consensus estimate of $11.73 billion. ZTO Express (Cayman) had a return on equity of 15.44% and a net margin of 20.56%. On average, equities analysts expect that ZTO Express will post 1.57 EPS for the current fiscal year.

Institutional Investors Weigh In On ZTO Express (Cayman)

A number of large investors have recently made changes to their positions in the company. Fifth Third Bancorp lifted its stake in shares of ZTO Express (Cayman) by 1.9% in the 1st quarter. Fifth Third Bancorp now owns 73,902 shares of the transportation company’s stock worth $1,466,000 after purchasing an additional 1,384 shares during the period. SG Americas Securities LLC raised its position in ZTO Express (Cayman) by 8.4% in the first quarter. SG Americas Securities LLC now owns 320,625 shares of the transportation company’s stock worth $6,361,000 after acquiring an additional 24,900 shares during the period. UMB Bank n.a. boosted its stake in shares of ZTO Express (Cayman) by 106.4% during the 1st quarter. UMB Bank n.a. now owns 1,288 shares of the transportation company’s stock worth $26,000 after acquiring an additional 664 shares during the last quarter. TB Alternative Assets Ltd. purchased a new position in shares of ZTO Express (Cayman) during the 1st quarter worth $1,640,000. Finally, Legacy Wealth Asset Management LLC grew its position in shares of ZTO Express (Cayman) by 544.3% during the 1st quarter. Legacy Wealth Asset Management LLC now owns 135,019 shares of the transportation company’s stock valued at $2,679,000 after acquiring an additional 114,064 shares during the period. 41.65% of the stock is currently owned by institutional investors.

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.