ZTO Express (Cayman) (NYSE:ZTO) Stock Price Down 4.3%

Shares of ZTO Express (Cayman) Inc. (NYSE:ZTO) traded down 4.3% during mid-day trading on Friday . The stock traded as low as $21.72 and last traded at $21.72. 92,613 shares were traded during trading, a decline of 97% from the average session volume of 3,509,673 shares. The stock had previously closed at $22.70.

Analyst Upgrades and Downgrades

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

ZTO Express (Cayman) Trading Down 3.7 %

The firm has a market capitalization of $13.21 billion, a PE ratio of 15.99, a PEG ratio of 1.04 and a beta of -0.11. The firm’s fifty day moving average is $20.45 and its two-hundred day moving average is $21.19. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.26 and a quick ratio of 1.26.

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

ZTO Express (Cayman) Dividend Announcement

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

Institutional Trading of ZTO Express (Cayman)

Hedge funds have recently added to or reduced their stakes in the stock. Mirae Asset Global Investments Co. Ltd. raised its position in ZTO Express (Cayman) by 72.2% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 164,608 shares of the transportation company’s stock worth $3,534,000 after acquiring an additional 69,039 shares during the period. Dymon Asia Capital Singapore PTE. LTD. bought a new stake in ZTO Express (Cayman) in the fourth quarter worth about $885,000. Alpine Investment Management Ltd bought a new stake in shares of ZTO Express (Cayman) in the fourth quarter valued at approximately $28,728,000. Bayesian Capital Management LP raised 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 valued at $2,205,000 after purchasing an additional 57,800 shares during the period. Finally, Canada Pension Plan Investment Board raised its position in shares of 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 valued at $59,641,000 after purchasing an additional 1,552,885 shares during the period. Institutional investors own 41.65% of the company’s stock.

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.