ZTO Express (Cayman) (NYSE:ZTO) Rating Lowered to Sell at ValuEngine

ZTO Express (Cayman) (NYSE:ZTO) was downgraded by investment analysts at ValuEngine from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Monday, ValuEngine reports.

Separately, Zacks Investment Research upgraded ZTO Express (Cayman) from a “sell” rating to a “hold” rating and set a $23.00 price objective for the company in a research note on Friday, September 20th.

ZTO Express (Cayman) stock traded down $0.17 during midday trading on Monday, reaching $20.55. 1,118,400 shares of the stock traded hands, compared to its average volume of 2,933,001. The company has a 50-day simple moving average of $20.76 and a two-hundred day simple moving average of $19.42. ZTO Express has a 12-month low of $14.69 and a 12-month high of $22.56. The firm has a market cap of $10.63 billion, a PE ratio of 26.69 and a beta of 0.79. The company has a current ratio of 3.77, a quick ratio of 3.76 and a debt-to-equity ratio of 0.01.

ZTO Express (Cayman) (NYSE:ZTO) last announced its earnings results on Thursday, August 15th. The transportation company reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.01. ZTO Express (Cayman) had a return on equity of 13.73% and a net margin of 21.99%. The company had revenue of $5.42 billion during the quarter, compared to analysts’ expectations of $5.51 billion. During the same period last year, the business posted $2.07 EPS. ZTO Express (Cayman)’s revenue for the quarter was up 29.2% on a year-over-year basis. Equities research analysts anticipate that ZTO Express will post 0.87 earnings per share for the current year.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Macquarie Group Ltd. boosted its stake in shares of ZTO Express (Cayman) by 15.3% in the 2nd quarter. Macquarie Group Ltd. now owns 27,200 shares of the transportation company’s stock valued at $520,000 after buying an additional 3,600 shares during the period. Rehmann Capital Advisory Group raised its position in shares of ZTO Express (Cayman) by 488.4% during the 2nd quarter. Rehmann Capital Advisory Group now owns 41,900 shares of the transportation company’s stock worth $801,000 after acquiring an additional 34,779 shares in the last quarter. BlackRock Inc. raised its position in shares of ZTO Express (Cayman) by 0.6% during the 2nd quarter. BlackRock Inc. now owns 14,801,711 shares of the transportation company’s stock worth $283,011,000 after acquiring an additional 87,913 shares in the last quarter. Natixis acquired a new stake in shares of ZTO Express (Cayman) during the 2nd quarter worth about $4,478,000. Finally, Barings LLC raised its position in shares of ZTO Express (Cayman) by 367.6% during the 2nd quarter. Barings LLC now owns 246,364 shares of the transportation company’s stock worth $4,710,000 after acquiring an additional 193,673 shares in the last quarter. Institutional investors and hedge funds own 37.03% 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. The company offers delivery services for e-commerce and traditional merchants, and other express service users. As of December 31, 2017, it operated a fleet of approximately 3,600 self-owned trucks.

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