ZTO Express (Cayman) (NYSE:ZTO) Upgraded to “Strong-Buy” at Hsbc Global Res

ZTO Express (Cayman) (NYSE:ZTO) was upgraded by analysts at Hsbc Global Res from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Monday,Zacks.com reports.

ZTO has been the subject of a number of other research reports. JPMorgan Chase & Co. downgraded shares of ZTO Express (Cayman) from an “overweight” rating to a “neutral” rating and cut their target price for the stock from $25.00 to $23.00 in a research report on Thursday, March 20th. HSBC upgraded shares of ZTO Express (Cayman) from a “hold” rating to a “buy” rating and set a $22.00 price objective on the stock in a research report on Monday. Finally, StockNews.com upgraded ZTO Express (Cayman) from a “hold” rating to a “buy” rating in a research report on Wednesday, March 26th. Two analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, ZTO Express (Cayman) has a consensus rating of “Moderate Buy” and a consensus price target of $23.28.

ZTO Express (Cayman) Stock Performance

Shares of NYSE ZTO opened at $18.88 on Monday. The company has a market cap of $11.30 billion, a PE ratio of 13.02, a P/E/G ratio of 1.03 and a beta of -0.03. The firm’s 50 day moving average price is $19.55 and its 200-day moving average price is $20.52. ZTO Express has a 52-week low of $16.34 and a 52-week high of $27.50.

ZTO Express (Cayman) (NYSE:ZTO) last posted its earnings results on Tuesday, March 18th. The transportation company reported $0.44 EPS for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.02). The business had revenue of $1.77 billion during the quarter, compared to the consensus estimate of $11.73 billion. ZTO Express (Cayman) had a return on equity of 15.44% and a net margin of 20.56%. On average, analysts forecast that ZTO Express will post 1.57 earnings per share for the current fiscal year.

Institutional Investors Weigh In On ZTO Express (Cayman)

Several large investors have recently added to or reduced their stakes in ZTO. UMB Bank n.a. increased its holdings in ZTO Express (Cayman) by 106.4% during the 1st quarter. UMB Bank n.a. now owns 1,288 shares of the transportation company’s stock worth $26,000 after purchasing an additional 664 shares during the period. Blue Trust Inc. boosted its position in ZTO Express (Cayman) by 119.8% during the fourth quarter. Blue Trust Inc. now owns 5,061 shares of the transportation company’s stock valued at $99,000 after purchasing an additional 2,758 shares in the last quarter. Confluence Investment Management LLC grew its stake in ZTO Express (Cayman) by 14.8% in the fourth quarter. Confluence Investment Management LLC now owns 10,282 shares of the transportation company’s stock valued at $201,000 after purchasing an additional 1,326 shares during the last quarter. Schechter Investment Advisors LLC lifted its position in shares of ZTO Express (Cayman) by 12.0% during the fourth quarter. Schechter Investment Advisors LLC now owns 11,255 shares of the transportation company’s stock valued at $220,000 after buying an additional 1,204 shares during the last quarter. Finally, Lester Murray Antman dba SimplyRich grew its position in shares of ZTO Express (Cayman) by 13.0% in the 4th quarter. Lester Murray Antman dba SimplyRich now owns 11,518 shares of the transportation company’s stock worth $225,000 after buying an additional 1,325 shares during the last quarter. 41.65% of the stock is 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. 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.