JPMorgan Chase & Co. Begins Coverage on ZTO Express (Cayman) (NYSE:ZTO)

Investment analysts at JPMorgan Chase & Co. started coverage on shares of ZTO Express (Cayman) (NYSE:ZTO) in a report issued on Wednesday, Benzinga reports. The firm set an “overweight” rating on the transportation company’s stock.

ZTO Express (Cayman) Stock Down 3.1 %

Shares of NYSE ZTO opened at $23.75 on Wednesday. The stock has a market cap of $14.41 billion, a PE ratio of 16.73, a price-to-earnings-growth ratio of 1.13 and a beta of -0.10. ZTO Express has a 52-week low of $15.90 and a 52-week high of $27.50. The business has a 50-day moving average price of $23.41 and a 200 day moving average price of $21.95. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.12.

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the stock. EntryPoint Capital LLC acquired a new stake in shares of ZTO Express (Cayman) during the first quarter worth $43,000. First Horizon Advisors Inc. acquired a new stake in ZTO Express (Cayman) in the second quarter valued at about $45,000. Van ECK Associates Corp lifted its position in ZTO Express (Cayman) by 60.8% in the third quarter. Van ECK Associates Corp now owns 1,825 shares of the transportation company’s stock valued at $46,000 after purchasing an additional 690 shares during the period. Blue Trust Inc. boosted its holdings in ZTO Express (Cayman) by 210.0% in the 3rd quarter. Blue Trust Inc. now owns 2,303 shares of the transportation company’s stock valued at $57,000 after purchasing an additional 1,560 shares in the last quarter. Finally, Mendota Financial Group LLC acquired a new position in ZTO Express (Cayman) during the 2nd quarter worth approximately $167,000. 41.65% of the stock is currently owned by hedge funds and other 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.