ZTO Express (Cayman) (NYSE:ZTO) Shares Gap Down – What’s Next?

ZTO Express (Cayman) Inc. (NYSE:ZTO)’s stock price gapped down prior to trading on Wednesday . The stock had previously closed at $21.04, but opened at $20.51. ZTO Express (Cayman) shares last traded at $19.83, with a volume of 1,869,349 shares changing hands.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. initiated coverage on ZTO Express (Cayman) in a report on Wednesday, October 30th. They issued an “overweight” rating and a $30.00 price objective on the stock. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, ZTO Express (Cayman) presently has a consensus rating of “Moderate Buy” and a consensus target price of $27.03.

ZTO Express (Cayman) Stock Performance

The stock’s 50 day moving average price is $23.52 and its two-hundred day moving average price is $22.07. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of $11.98 billion, a price-to-earnings ratio of 13.67, a PEG ratio of 1.00 and a beta of -0.09.

ZTO Express (Cayman) (NYSE:ZTO) last issued its earnings results on Tuesday, August 20th. The transportation company reported $0.47 earnings per share for the quarter. ZTO Express (Cayman) had a net margin of 20.56% and a return on equity of 15.62%. The company had revenue of $1.48 billion for the quarter. On average, analysts forecast that ZTO Express will post 1.66 EPS for the current year.

Institutional Investors Weigh In On ZTO Express (Cayman)

A number of institutional investors and hedge funds have recently modified their holdings of ZTO. Sei Investments Co. increased its holdings in ZTO Express (Cayman) by 32.0% during the 1st quarter. Sei Investments Co. now owns 31,038 shares of the transportation company’s stock valued at $650,000 after acquiring an additional 7,526 shares in the last quarter. O Shaughnessy Asset Management LLC purchased a new position in shares of ZTO Express (Cayman) during the 1st quarter worth approximately $230,000. CANADA LIFE ASSURANCE Co raised its position in shares of ZTO Express (Cayman) by 25.0% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 525,329 shares of the transportation company’s stock worth $11,007,000 after purchasing an additional 105,100 shares during the last quarter. EntryPoint Capital LLC purchased a new stake in ZTO Express (Cayman) in the 1st quarter valued at approximately $43,000. Finally, Capital Research Global Investors increased its position in ZTO Express (Cayman) by 2.5% during the first quarter. Capital Research Global Investors now owns 8,038,533 shares of the transportation company’s stock worth $168,327,000 after buying an additional 199,464 shares in the last quarter. Institutional investors and hedge funds own 41.65% of the company’s stock.

About ZTO Express (Cayman)

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.