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

ZTO Express (Cayman) (NYSE:ZTO) was downgraded by stock analysts at JPMorgan Chase & Co. from an “overweight” rating to a “neutral” rating in a research report issued to clients and investors on Thursday, Marketbeat.com reports. They currently have a $23.00 price target on the transportation company’s stock, down from their prior price target of $25.00. JPMorgan Chase & Co.‘s price target suggests a potential upside of 5.48% from the stock’s current price.

A number of other equities research analysts have also weighed in on ZTO. HSBC lowered shares of ZTO Express (Cayman) from a “buy” rating to a “hold” rating and dropped their price objective for the company from $28.00 to $20.00 in a report on Tuesday, January 21st. Hsbc Global Res lowered shares of ZTO Express (Cayman) from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 21st. Finally, StockNews.com lowered shares of ZTO Express (Cayman) from a “buy” rating to a “hold” rating in a report on Tuesday. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $22.78.

ZTO Express (Cayman) Trading Up 2.4 %

NYSE ZTO opened at $21.81 on Thursday. The firm’s fifty day simple moving average is $19.48 and its two-hundred day simple moving average is $20.99. ZTO Express has a 12-month low of $17.89 and a 12-month high of $27.50. The firm has a market capitalization of $13.18 billion, a P/E ratio of 15.04, a P/E/G ratio of 1.03 and a beta of -0.13.

ZTO Express (Cayman) (NYSE:ZTO) last announced its quarterly earnings data on Tuesday, March 18th. The transportation company reported $0.44 earnings per share for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.03). The company had revenue of $1.77 billion for the quarter, compared to analysts’ expectations of $11.73 billion. ZTO Express (Cayman) had a net margin of 20.56% and a return on equity of 15.44%. As a group, sell-side analysts predict that ZTO Express will post 1.57 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ZTO. Point72 DIFC Ltd acquired a new position in ZTO Express (Cayman) during the third quarter valued at $26,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of ZTO Express (Cayman) in the third quarter worth about $46,000. Blue Trust Inc. raised 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 worth $99,000 after acquiring an additional 2,758 shares during the period. Confluence Investment Management LLC raised 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 worth $201,000 after acquiring an additional 1,326 shares during the period. Finally, Schechter Investment Advisors LLC raised 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 worth $220,000 after acquiring an additional 1,204 shares during the period. 41.65% of the stock is currently owned by institutional investors and hedge funds.

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.