ZTO Express (Cayman) Inc. (NYSE: ZTO) Receives an Average “Moderate Buy” Recommendation from Brokerages


ZTO Express (Cayman) Inc. (NYSE: ZTO – Get a rating) has been assigned a consensus rating of “moderate buy” by the seven brokerages that currently cover the stock, reports Marketbeat Ratings. Two research analysts rated the stock with a hold recommendation and five gave the company a buy recommendation. The 1-year average price target among brokerages that have covered the stock over the past year is $37.70.

Separately, JPMorgan Chase & Co. upgraded shares of ZTO Express (Cayman) from a “neutral” rating to an “overweight” rating and raised its price target for the stock from $27.00 to 35. $.00 in a Friday, August 19 report.

Hedge funds weigh on ZTO Express (Cayman)

A number of hedge funds have recently changed their ZTO holdings. Green Court Capital Management Ltd bought a new position in ZTO Express (Cayman) in Q1 worth $124,797,000. WCM Investment Management LLC bought a new position in ZTO Express (Cayman) in Q1 worth $61,122,000. Wellington Management Group LLP increased its position in ZTO Express (Cayman) by 63.9% in the 1st quarter. Wellington Management Group LLP now owns 5,599,212 shares of the transportation company valued at $139,980,000 after purchasing an additional 2,182,319 shares in the last quarter. Goldman Sachs Group Inc. increased its position in ZTO Express (Cayman) by 50.9% in Q1. Goldman Sachs Group Inc. now owns 4,783,400 shares of the transportation company valued at $119,586,000 after buying an additional 1,612,528 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its position in ZTO Express (Cayman) by 243.7% in the 1st quarter. JPMorgan Chase & Co. now owns 1,523,772 shares of the transportation company valued at $37,719,000 after buying an additional 1,080,405 shares in the last quarter. 39.22% of the shares are currently held by hedge funds and other institutional investors.

ZTO Express (Cayman) trades up 0.6%

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ZTO stock opened at $26.96 on Tuesday. ZTO Express has a 12-month low of $19.72 and a 12-month high of $34.82. The company’s 50-day moving average is $26.23 and its two-hundred-day moving average is $25.89. The stock has a market capitalization of $16.27 billion, a P/E ratio of 25.20, a PEG ratio of 1.26 and a beta of -0.06.

ZTO Express (Caymans) (NYSE: ZTO – Get a rating) last released its quarterly earnings data on Wednesday, August 17. The transportation company reported earnings per share of $0.33 for the quarter, beating analysts’ consensus estimate of $0.27 by $0.06. ZTO Express (Cayman) achieved a net margin of 16.95% and a return on equity of 11.88%. The company posted revenue of $1.29 billion for the quarter. On average, stock research analysts expect ZTO Express to post 1.13 earnings per share for the current year.

About ZTO Express (Caymans)

(Get a rating)

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, 2021, it operated a fleet of approximately 10,900 trucks.

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Analyst Recommendations for ZTO Express (Cayman) (NYSE: ZTO)

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