ZTO Express (ZTO) Receives $16.33 Average Target Price from Brokerages

Shares of ZTO Express (NYSE:ZTO) have earned a consensus recommendation of “Hold” from the six analysts that are presently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $16.33.

Separately, Zacks Investment Research upgraded shares of ZTO Express from a “sell” rating to a “buy” rating and set a $17.00 price objective on the stock in a research report on Saturday, February 10th.

ZTO stock opened at $15.92 on Wednesday. The company has a market capitalization of $7,872.11, a P/E ratio of 23.07 and a beta of 0.21. ZTO Express has a 1-year low of $12.52 and a 1-year high of $18.08.



ZTO Express (NYSE:ZTO) last posted its quarterly earnings data on Thursday, March 8th. The transportation company reported $1.71 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.28 by $1.43. The company had revenue of $4.33 billion for the quarter, compared to analysts’ expectations of $4.06 billion. ZTO Express had a net margin of 24.26% and a return on equity of 15.52%. ZTO Express’s revenue for the quarter was up 35.8% compared to the same quarter last year. During the same period in the prior year, the business earned $1.04 earnings per share. analysts anticipate that ZTO Express will post 0.87 EPS for the current year.

The company also recently announced a special dividend, which was paid on Thursday, March 29th. Shareholders of record on Friday, March 23rd were paid a $0.20 dividend. The ex-dividend date was Thursday, March 22nd.

A number of institutional investors and hedge funds have recently modified their holdings of ZTO. Bank of New York Mellon Corp purchased a new stake in ZTO Express in the third quarter worth approximately $223,000. Legal & General Group Plc purchased a new stake in ZTO Express in the third quarter worth approximately $539,000. Schwab Charles Investment Management Inc. purchased a new stake in ZTO Express in the third quarter worth approximately $1,071,000. BB&T Securities LLC purchased a new stake in ZTO Express in the third quarter worth approximately $356,000. Finally, Stifel Financial Corp purchased a new stake in ZTO Express in the third quarter worth approximately $362,000. 28.82% of the stock is owned by institutional investors and hedge funds.

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About ZTO Express

ZTO Express (Cayman) Inc, through its subsidiaries, provides express delivery and other value-added logistics services in China. It offers delivery services for e-commerce merchants, traditional merchants, and other express service users, as well as through business partners. As of December 31, 2016, the company operated a fleet of approximately 2,900 self-owned trucks.

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