ZTO Express (Cayman) (NYSE:ZTO) Shares Down 3.6% – What’s Next?

ZTO Express (Cayman) Inc. (NYSE:ZTO) dropped 3.6% during mid-day trading on Wednesday . The stock traded as low as $24.78 and last traded at $25.07. Approximately 552,405 shares were traded during mid-day trading, a decline of 85% from the average daily volume of 3,588,153 shares. The stock had previously closed at $26.01.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Bank of America upped their target price on ZTO Express (Cayman) from $25.20 to $26.90 and gave the company a “buy” rating in a report on Monday, June 17th. Macquarie downgraded ZTO Express (Cayman) from an “outperform” rating to a “neutral” rating and set a $21.20 target price on the stock. in a report on Wednesday, June 26th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $27.03.

ZTO Express (Cayman) Price Performance

The firm’s fifty day moving average price is $21.75 and its two-hundred day moving average price is $21.52. The stock has a market capitalization of $15.47 billion, a PE ratio of 18.32, a PEG ratio of 1.26 and a beta of -0.10. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.12.

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

ZTO Express (Cayman) Dividend Announcement

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

Hedge Funds Weigh In On ZTO Express (Cayman)

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

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.