ZTO Express (Cayman) Inc (ZTO) Receives Consensus Rating of “Hold” from Brokerages

ZTO Express (Cayman) Inc (NYSE:ZTO) has received a consensus recommendation of “Hold” from the six ratings firms that are presently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $23.00.

A number of equities analysts have recently weighed in on the company. Zacks Investment Research upgraded ZTO Express (Cayman) from a “sell” rating to a “hold” rating in a report on Saturday, February 23rd. UBS Group upgraded ZTO Express (Cayman) from a “neutral” rating to a “buy” rating in a report on Tuesday, April 23rd.

A number of large investors have recently added to or reduced their stakes in ZTO. Bank of New York Mellon Corp lifted its holdings in shares of ZTO Express (Cayman) by 28.7% during the third quarter. Bank of New York Mellon Corp now owns 97,476 shares of the transportation company’s stock valued at $1,615,000 after acquiring an additional 21,732 shares during the period. BlackRock Inc. increased its stake in shares of ZTO Express (Cayman) by 37.5% in the third quarter. BlackRock Inc. now owns 344,411 shares of the transportation company’s stock valued at $5,707,000 after buying an additional 93,959 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of ZTO Express (Cayman) by 16.3% in the third quarter. Dimensional Fund Advisors LP now owns 697,246 shares of the transportation company’s stock valued at $11,564,000 after buying an additional 97,681 shares in the last quarter. The Manufacturers Life Insurance Company increased its stake in shares of ZTO Express (Cayman) by 65.7% in the third quarter. The Manufacturers Life Insurance Company now owns 774,784 shares of the transportation company’s stock valued at $12,838,000 after buying an additional 307,310 shares in the last quarter. Finally, Rehmann Capital Advisory Group increased its stake in shares of ZTO Express (Cayman) by 1,421.8% in the third quarter. Rehmann Capital Advisory Group now owns 5,037 shares of the transportation company’s stock valued at $304,000 after buying an additional 4,706 shares in the last quarter. Hedge funds and other institutional investors own 35.81% of the company’s stock.

Shares of ZTO traded up $0.30 during trading hours on Tuesday, reaching $19.97. The company’s stock had a trading volume of 1,989,730 shares, compared to its average volume of 1,810,163. The company has a market capitalization of $10.13 billion, a price-to-earnings ratio of 25.94 and a beta of 0.67. ZTO Express has a 1-year low of $14.69 and a 1-year high of $22.67.

ZTO Express (Cayman) (NYSE:ZTO) last issued its earnings results on Tuesday, March 12th. The transportation company reported $0.24 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.01. The company had revenue of $818.49 million for the quarter. ZTO Express (Cayman) had a return on equity of 13.32% and a net margin of 24.82%. On average, equities analysts predict that ZTO Express will post 0.96 earnings per share for the current year.

The firm also recently announced a special dividend, which was paid on Monday, April 8th. Stockholders of record on Monday, April 1st were issued a $0.24 dividend. This is an increase from ZTO Express (Cayman)’s previous special dividend of $0.20. The ex-dividend date of this dividend was Friday, March 29th.

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. The company offers delivery services for e-commerce and traditional merchants, and other express service users. As of December 31, 2017, it operated a fleet of approximately 3,600 self-owned trucks.

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