ZTO Express (Cayman) (NYSE:ZTO) Coverage Initiated at JPMorgan Chase & Co.

Analysts at JPMorgan Chase & Co. started coverage on shares of ZTO Express (Cayman) (NYSE:ZTO) in a note issued to investors on Wednesday, Benzinga reports. The firm set an “overweight” rating and a $30.00 price target on the transportation company’s stock. JPMorgan Chase & Co.‘s price target points to a potential upside of 29.87% from the stock’s previous close.

ZTO Express (Cayman) Stock Performance

Shares of NYSE ZTO opened at $23.10 on Wednesday. ZTO Express has a 12-month low of $15.90 and a 12-month high of $27.50. The company has a market cap of $14.02 billion, a PE ratio of 16.27, a P/E/G ratio of 1.13 and a beta of -0.10. The stock has a 50 day simple moving average of $23.50 and a 200-day simple moving average of $21.97. 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 announced its quarterly earnings results on Tuesday, August 20th. The transportation company reported $0.47 earnings per share (EPS) for the quarter. The company had revenue of $1.48 billion during the quarter. ZTO Express (Cayman) had a return on equity of 15.51% and a net margin of 21.22%. On average, equities research analysts forecast that ZTO Express will post 1.69 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Van ECK Associates Corp lifted its position in ZTO Express (Cayman) by 60.8% in the third quarter. Van ECK Associates Corp now owns 1,825 shares of the transportation company’s stock worth $46,000 after purchasing an additional 690 shares during the period. EntryPoint Capital LLC acquired a new stake in shares of ZTO Express (Cayman) in the first quarter valued at $43,000. First Horizon Advisors Inc. acquired a new stake in shares of ZTO Express (Cayman) in the second quarter valued at $45,000. Blue Trust Inc. boosted its stake in ZTO Express (Cayman) by 210.0% during the third quarter. Blue Trust Inc. now owns 2,303 shares of the transportation company’s stock valued at $57,000 after buying an additional 1,560 shares in the last quarter. Finally, Mendota Financial Group LLC acquired a new position in ZTO Express (Cayman) during the second quarter worth about $167,000. 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.