ZTO Express (Cayman) (NYSE:ZTO) Research Coverage Started at JPMorgan Chase & Co.

JPMorgan Chase & Co. initiated coverage on shares of ZTO Express (Cayman) (NYSE:ZTO) in a research note released on Friday, The Fly reports. The brokerage issued an overweight rating on the transportation company’s stock.

ZTO has been the topic of a number of other reports. BOCOM International raised shares of ZTO Express (Cayman) from a neutral rating to a buy rating in a research report on Monday, July 13th. HSBC raised shares of ZTO Express (Cayman) from a reduce rating to a hold rating and set a $30.00 target price on the stock in a research report on Friday, May 22nd. Bank of America cut shares of ZTO Express (Cayman) from a buy rating to a neutral rating in a research report on Thursday, May 21st. Daiwa Capital Markets cut shares of ZTO Express (Cayman) to a hold rating in a research report on Friday, May 22nd. Finally, ValuEngine cut shares of ZTO Express (Cayman) from a hold rating to a sell rating in a research report on Thursday, July 30th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. ZTO Express (Cayman) currently has a consensus rating of Hold and a consensus target price of $31.00.

Shares of ZTO stock opened at $30.66 on Friday. The stock has a market cap of $17.77 billion, a price-to-earnings ratio of 30.97, a price-to-earnings-growth ratio of 2.19 and a beta of 0.26. ZTO Express has a fifty-two week low of $19.84 and a fifty-two week high of $38.99. The firm’s 50 day moving average price is $33.86 and its two-hundred day moving average price is $31.97.

ZTO Express (Cayman) (NYSE:ZTO) last announced its quarterly earnings results on Wednesday, August 12th. The transportation company reported $1.85 earnings per share for the quarter, beating analysts’ consensus estimates of $0.28 by $1.57. The firm had revenue of $906.20 million for the quarter. ZTO Express (Cayman) had a net margin of 24.38% and a return on equity of 13.35%. On average, research analysts anticipate that ZTO Express will post 0.93 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently bought and sold shares of ZTO. American International Group Inc. raised its holdings in ZTO Express (Cayman) by 8.5% in the first quarter. American International Group Inc. now owns 4,557 shares of the transportation company’s stock valued at $121,000 after acquiring an additional 357 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in ZTO Express (Cayman) by 11.3% in the first quarter. Bank of New York Mellon Corp now owns 532,913 shares of the transportation company’s stock valued at $14,111,000 after acquiring an additional 53,953 shares in the last quarter. First Trust Advisors LP raised its holdings in ZTO Express (Cayman) by 43.1% in the first quarter. First Trust Advisors LP now owns 98,367 shares of the transportation company’s stock valued at $2,605,000 after acquiring an additional 29,614 shares in the last quarter. Aigen Investment Management LP raised its holdings in ZTO Express (Cayman) by 1,060,500.0% in the first quarter. Aigen Investment Management LP now owns 21,212 shares of the transportation company’s stock valued at $562,000 after acquiring an additional 21,210 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its stake in ZTO Express (Cayman) by 24.3% during the first quarter. PNC Financial Services Group Inc. now owns 1,966 shares of the transportation company’s stock valued at $52,000 after purchasing an additional 384 shares during the last quarter. 38.19% of the stock is currently owned by hedge funds and other 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. 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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Analyst Recommendations for ZTO Express (Cayman) (NYSE:ZTO)

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