ZTO Express (Cayman) (NYSE:ZTO) Sets New 52-Week High at $25.39

ZTO Express (Cayman) Inc. (NYSE:ZTO)’s stock price reached a new 52-week high on Monday . The company traded as high as $25.39 and last traded at $25.36, with a volume of 681607 shares. The stock had previously closed at $24.12.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Macquarie cut shares of 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 boosted their price objective on ZTO Express (Cayman) from $25.20 to $26.90 and gave the company a “buy” rating in a report on Monday, June 17th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, ZTO Express (Cayman) presently has an average rating of “Moderate Buy” and an average target price of $27.03.

ZTO Express (Cayman) Stock Up 4.8 %

The business has a 50-day moving average price of $20.78 and a 200-day moving average price of $21.30. The stock has a market cap of $15.27 billion, a PE ratio of 16.99, a price-to-earnings-growth ratio of 1.13 and a beta of -0.11. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.12.

ZTO Express (Cayman) (NYSE:ZTO) last released its earnings results on Tuesday, August 20th. The transportation company reported $0.47 EPS for the quarter. The business had revenue of $1.48 billion during the quarter. ZTO Express (Cayman) had a net margin of 21.22% and a return on equity of 15.51%. As a group, analysts forecast that ZTO Express will post 1.69 earnings per share for the current year.

ZTO Express (Cayman) Announces Dividend

The company also recently disclosed a Semi-Annual dividend, which will be paid on Thursday, October 17th. Shareholders of record on Tuesday, September 10th will be issued a $0.35 dividend. The ex-dividend date of this dividend is Tuesday, September 10th. This represents a yield of 4.6%. ZTO Express (Cayman)’s payout ratio is currently 47.89%.

Institutional Investors Weigh In On ZTO Express (Cayman)

A number of hedge funds have recently modified their holdings of the business. EntryPoint Capital LLC acquired a new position in ZTO Express (Cayman) in the first quarter valued at approximately $43,000. First Horizon Advisors Inc. purchased a new stake in shares of ZTO Express (Cayman) in the 2nd quarter valued at approximately $45,000. Barometer Capital Management Inc. acquired a new position in shares of ZTO Express (Cayman) in the 4th quarter worth approximately $126,000. Mendota Financial Group LLC purchased a new position in shares of ZTO Express (Cayman) during the 2nd quarter worth approximately $167,000. Finally, O Shaughnessy Asset Management LLC acquired a new stake in ZTO Express (Cayman) in the 1st quarter valued at approximately $230,000. 41.65% of the stock is currently owned by institutional investors and hedge funds.

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.