ZTO Express (Cayman) (NYSE:ZTO) Shares Gap Down to $20.76

ZTO Express (Cayman) Inc. (NYSE:ZTO) shares gapped down before the market opened on Friday . The stock had previously closed at $20.76, but opened at $20.13. ZTO Express (Cayman) shares last traded at $19.78, with a volume of 332,016 shares changing hands.

Analyst Ratings Changes

A number of research firms have recently commented on ZTO. HSBC cut their target price on shares of ZTO Express (Cayman) from $32.00 to $30.00 and set a “buy” rating for the company in a research note on Thursday, March 21st. Macquarie cut ZTO Express (Cayman) from an “outperform” rating to a “neutral” rating and set a $21.20 target price for the company. in a report on Wednesday, June 26th. Bank of America raised their target price on ZTO Express (Cayman) from $25.20 to $26.90 and gave the company a “buy” rating in a research report on Monday, June 17th. Finally, JPMorgan Chase & Co. dropped their price target on ZTO Express (Cayman) from $37.00 to $30.00 and set an “overweight” rating for the company in a research report on Thursday, March 21st. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $28.18.

ZTO Express (Cayman) Trading Down 4.1 %

The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.12. The company has a fifty day moving average price of $22.34 and a two-hundred day moving average price of $20.52. The firm has a market capitalization of $12.07 billion, a price-to-earnings ratio of 13.88, a PEG ratio of 0.97 and a beta of -0.12.

ZTO Express (Cayman) (NYSE:ZTO) last announced its quarterly earnings data on Wednesday, May 15th. The transportation company reported $0.32 EPS for the quarter. The firm had revenue of $1.38 billion for the quarter. ZTO Express (Cayman) had a return on equity of 15.39% and a net margin of 21.57%. As a group, research analysts forecast that ZTO Express will post 1.7 earnings per share for the current fiscal year.

Institutional Investors Weigh In On ZTO Express (Cayman)

A number of hedge funds have recently modified their holdings of the company. Tower Research Capital LLC TRC grew its holdings in shares of ZTO Express (Cayman) by 31.8% during the 4th quarter. Tower Research Capital LLC TRC now owns 3,278 shares of the transportation company’s stock worth $70,000 after purchasing an additional 791 shares during the period. Public Sector Pension Investment Board boosted its stake in ZTO Express (Cayman) by 1.0% during the third quarter. Public Sector Pension Investment Board now owns 128,897 shares of the transportation company’s stock worth $3,115,000 after buying an additional 1,300 shares during the period. EntryPoint Capital LLC purchased a new position in ZTO Express (Cayman) during the first quarter worth about $43,000. U S Global Investors Inc. increased its position in shares of ZTO Express (Cayman) by 32.8% during the first quarter. U S Global Investors Inc. now owns 8,815 shares of the transportation company’s stock valued at $185,000 after acquiring an additional 2,179 shares during the last quarter. Finally, California State Teachers Retirement System raised its stake in shares of ZTO Express (Cayman) by 4.5% in the 1st quarter. California State Teachers Retirement System now owns 97,342 shares of the transportation company’s stock valued at $2,038,000 after acquiring an additional 4,148 shares during the period. Hedge funds and other institutional investors 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.