ZTO Express (Cayman) (NYSE:ZTO) Rating Lowered to Neutral at Macquarie

ZTO Express (Cayman) (NYSE:ZTO) was downgraded by research analysts at Macquarie from an “outperform” rating to a “neutral” rating in a research note issued on Wednesday, MarketBeat Ratings reports. They currently have a $21.20 target price on the transportation company’s stock. Macquarie’s price objective would indicate a potential upside of 1.58% from the company’s current price.

Several other research firms also recently commented on ZTO. Bank of America upped their price objective on shares of ZTO Express (Cayman) from $25.20 to $26.90 and gave the company a “buy” rating in a report on Monday, June 17th. HSBC dropped their price objective on shares of ZTO Express (Cayman) from $32.00 to $30.00 and set a “buy” rating on the stock in a report on Thursday, March 21st. Finally, JPMorgan Chase & Co. decreased their price target on ZTO Express (Cayman) from $37.00 to $30.00 and set an “overweight” rating on the stock in a research report on Thursday, March 21st. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $28.18.

ZTO Express (Cayman) Trading Down 1.1 %

NYSE ZTO opened at $20.87 on Wednesday. The stock has a market capitalization of $12.66 billion, a price-to-earnings ratio of 14.75, a PEG ratio of 1.00 and a beta of -0.09. ZTO Express has a one year low of $15.90 and a one year high of $28.04. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.15 and a quick ratio of 1.15. The business’s fifty day moving average is $22.31 and its 200-day moving average is $20.51.

ZTO Express (Cayman) (NYSE:ZTO) last released its earnings results on Wednesday, May 15th. The transportation company reported $0.32 EPS for the quarter. The company 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%. Equities research analysts predict that ZTO Express will post 1.7 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Teachers Retirement System of The State of Kentucky increased its position in shares of ZTO Express (Cayman) by 20.9% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 564,570 shares of the transportation company’s stock worth $11,822,000 after purchasing an additional 97,600 shares during the last quarter. Swedbank AB bought a new position in shares of ZTO Express (Cayman) in the first quarter worth approximately $2,594,000. California State Teachers Retirement System increased its position in shares of ZTO Express (Cayman) by 4.5% in the first quarter. California State Teachers Retirement System now owns 97,342 shares of the transportation company’s stock worth $2,038,000 after purchasing an additional 4,148 shares during the last quarter. Bayesian Capital Management LP increased its position in shares of ZTO Express (Cayman) by 121.7% in the first quarter. Bayesian Capital Management LP now owns 105,291 shares of the transportation company’s stock worth $2,205,000 after purchasing an additional 57,800 shares during the last quarter. Finally, Canada Pension Plan Investment Board boosted its stake in ZTO Express (Cayman) by 119.9% in the first quarter. Canada Pension Plan Investment Board now owns 2,848,182 shares of the transportation company’s stock worth $59,641,000 after buying an additional 1,552,885 shares in the last quarter. 41.65% of the stock is currently owned by 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.