ZTO Express (Cayman) (NYSE:ZTO) Cut to Neutral at JPMorgan Chase & Co.

JPMorgan Chase & Co. lowered shares of ZTO Express (Cayman) (NYSE:ZTO) from an overweight rating to a neutral rating in a research note issued to investors on Thursday morning, MarketBeat.com reports. JPMorgan Chase & Co. currently has $23.00 price target on the transportation company’s stock, down from their previous price target of $25.00.

Other analysts have also issued reports about the company. Hsbc Global Res lowered ZTO Express (Cayman) from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 21st. HSBC lowered ZTO Express (Cayman) from a “buy” rating to a “hold” rating and dropped their price target for the stock from $28.00 to $20.00 in a report on Tuesday, January 21st. Finally, StockNews.com lowered ZTO Express (Cayman) from a “buy” rating to a “hold” rating in a report on Tuesday, March 18th. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $22.78.

ZTO Express (Cayman) Stock Down 0.4 %

ZTO stock opened at $20.06 on Thursday. ZTO Express has a twelve month low of $17.89 and a twelve month high of $27.50. The stock’s 50 day moving average is $19.55 and its 200-day moving average is $20.96. The firm has a market capitalization of $12.12 billion, a PE ratio of 13.83, a P/E/G ratio of 1.03 and a beta of -0.13.

ZTO Express (Cayman) (NYSE:ZTO) last posted its earnings results on Tuesday, March 18th. The transportation company reported $0.44 earnings per share for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.02). ZTO Express (Cayman) had a net margin of 20.56% and a return on equity of 15.44%. The company had revenue of $1.77 billion during the quarter, compared to the consensus estimate of $11.73 billion. On average, equities research analysts anticipate that ZTO Express will post 1.57 earnings per share for the current fiscal year.

ZTO Express (Cayman) Dividend Announcement

The company also recently announced a semi-annual dividend, which will be paid on Tuesday, April 29th. Shareholders of record on Thursday, April 10th will be paid a $0.35 dividend. The ex-dividend date is Thursday, April 10th. This represents a dividend yield of 4.7%. ZTO Express (Cayman)’s payout ratio is presently 46.90%.

Institutional Trading of ZTO Express (Cayman)

Hedge funds have recently made changes to their positions in the company. Point72 DIFC Ltd bought a new stake in shares of ZTO Express (Cayman) in the third quarter valued at $26,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of ZTO Express (Cayman) in the third quarter valued at $46,000. Blue Trust Inc. grew its position in shares of ZTO Express (Cayman) by 119.8% in the fourth quarter. Blue Trust Inc. now owns 5,061 shares of the transportation company’s stock valued at $99,000 after purchasing an additional 2,758 shares in the last quarter. Confluence Investment Management LLC grew its position in shares of ZTO Express (Cayman) by 14.8% in the fourth quarter. Confluence Investment Management LLC now owns 10,282 shares of the transportation company’s stock valued at $201,000 after purchasing an additional 1,326 shares in the last quarter. Finally, Schechter Investment Advisors LLC grew its position in shares of ZTO Express (Cayman) by 12.0% in the fourth quarter. Schechter Investment Advisors LLC now owns 11,255 shares of the transportation company’s stock valued at $220,000 after purchasing an additional 1,204 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.