ZTO Express (Cayman) (NYSE:ZTO) Raised to Hold at ValuEngine

ValuEngine upgraded shares of ZTO Express (Cayman) (NYSE:ZTO) from a sell rating to a hold rating in a research note released on Wednesday morning, ValuEngine reports.

ZTO opened at $24.02 on Wednesday. ZTO Express has a twelve month low of $17.12 and a twelve month high of $24.66. The company has a quick ratio of 3.55, a current ratio of 3.56 and a debt-to-equity ratio of 0.01. The company has a 50-day moving average price of $23.24 and a 200 day moving average price of $21.52. The company has a market cap of $14.12 billion, a PE ratio of 26.77, a price-to-earnings-growth ratio of 1.34 and a beta of 0.81.

ZTO Express (Cayman) (NYSE:ZTO) last released its quarterly earnings results on Monday, November 18th. The transportation company reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.02. ZTO Express (Cayman) had a net margin of 22.07% and a return on equity of 14.18%. The firm had revenue of $736.71 million during the quarter. As a group, sell-side analysts expect that ZTO Express will post 0.88 earnings per share for the current year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Platinum Investment Management Ltd. raised its position in shares of ZTO Express (Cayman) by 5.4% during the 4th quarter. Platinum Investment Management Ltd. now owns 14,855,155 shares of the transportation company’s stock worth $346,868,000 after purchasing an additional 766,748 shares during the last quarter. BlackRock Inc. raised its position in shares of ZTO Express (Cayman) by 0.6% during the 2nd quarter. BlackRock Inc. now owns 14,801,711 shares of the transportation company’s stock worth $283,011,000 after purchasing an additional 87,913 shares during the last quarter. Green Court Capital Management Ltd raised its position in shares of ZTO Express (Cayman) by 2.5% during the 4th quarter. Green Court Capital Management Ltd now owns 8,239,558 shares of the transportation company’s stock worth $192,394,000 after purchasing an additional 197,700 shares during the last quarter. State Street Corp raised its position in shares of ZTO Express (Cayman) by 0.7% during the 4th quarter. State Street Corp now owns 6,593,147 shares of the transportation company’s stock worth $153,950,000 after purchasing an additional 46,835 shares during the last quarter. Finally, BRILLIANCE ASSET MANAGEMENT Ltd raised its position in shares of ZTO Express (Cayman) by 15.8% during the 3rd quarter. BRILLIANCE ASSET MANAGEMENT Ltd now owns 5,142,368 shares of the transportation company’s stock worth $109,686,000 after purchasing an additional 701,672 shares during the last quarter. Hedge funds and other institutional investors own 34.53% 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. 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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