Macquarie Downgrades ZTO Express (Cayman) (NYSE:ZTO) to Neutral

Macquarie cut shares of ZTO Express (Cayman) (NYSE:ZTO) from an outperform rating to a neutral rating in a report published on Wednesday, Marketbeat.com reports. They currently have $21.20 target price on the transportation company’s stock.

ZTO has been the topic of several other reports. HSBC cut their price target on shares of ZTO Express (Cayman) from $32.00 to $30.00 and set a buy rating on the stock in a report on Thursday, March 21st. Bank of America increased their price target on shares of ZTO Express (Cayman) from $25.20 to $26.90 and gave the stock a buy rating in a research report on Monday, June 17th. Finally, JPMorgan Chase & Co. decreased their price target on ZTO Express (Cayman) from $37.00 to $30.00 and set an overweight rating for the company in a research note on Thursday, March 21st. Two analysts have rated the stock with a hold rating and four have assigned 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 $28.18.

ZTO Express (Cayman) Stock Down 0.6 %

Shares of ZTO Express (Cayman) stock opened at $20.75 on Wednesday. ZTO Express has a 1-year low of $15.90 and a 1-year high of $28.04. The company has a market capitalization of $12.59 billion, a PE ratio of 14.61, a P/E/G ratio of 0.97 and a beta of -0.09. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.15 and a quick ratio of 1.15. The business has a 50-day moving average of $22.34 and a 200-day moving average of $20.51.

ZTO Express (Cayman) (NYSE:ZTO) last issued its quarterly earnings data on Wednesday, May 15th. The transportation company reported $0.32 earnings per share for the quarter. ZTO Express (Cayman) had a return on equity of 15.39% and a net margin of 21.57%. The firm had revenue of $1.38 billion during the quarter. As a group, equities analysts forecast that ZTO Express will post 1.7 EPS for the current fiscal year.

Institutional Investors Weigh In On ZTO Express (Cayman)

A number of institutional investors have recently modified their holdings of ZTO. Platinum Investment Management Ltd. increased its position in ZTO Express (Cayman) by 22.0% in the first quarter. Platinum Investment Management Ltd. now owns 17,428,610 shares of the transportation company’s stock worth $364,955,000 after buying an additional 3,140,733 shares during the period. Green Court Capital Management Ltd increased its holdings in shares of ZTO Express (Cayman) by 19.1% in the 4th quarter. Green Court Capital Management Ltd now owns 10,014,230 shares of the transportation company’s stock worth $213,103,000 after acquiring an additional 1,607,986 shares during the period. Schroder Investment Management Group lifted its position in ZTO Express (Cayman) by 68.4% in the 3rd quarter. Schroder Investment Management Group now owns 8,260,456 shares of the transportation company’s stock valued at $199,655,000 after purchasing an additional 3,353,753 shares during the last quarter. Capital Research Global Investors boosted its stake in ZTO Express (Cayman) by 2.5% during the 1st quarter. Capital Research Global Investors now owns 8,038,533 shares of the transportation company’s stock valued at $168,327,000 after purchasing an additional 199,464 shares during the period. Finally, Pzena Investment Management LLC grew its position in ZTO Express (Cayman) by 437.9% in the 1st quarter. Pzena Investment Management LLC now owns 5,889,745 shares of the transportation company’s stock worth $123,331,000 after purchasing an additional 4,794,773 shares during the last quarter. Institutional investors own 41.65% of the company’s stock.

About ZTO Express (Cayman)

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.