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%
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)
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.
This instant news alert was powered by MarketBeat’s storytelling science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]
Before you consider ZTO Express (Cayman), you’ll want to hear this.
MarketBeat tracks daily the highest rated and most successful research analysts on Wall Street and the stocks they recommend to their clients. MarketBeat identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market goes higher… and ZTO Express (Cayman) was not on the list.
While ZTO Express (Cayman) currently has a “Moderate Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
See the five actions here