ZTO Express (Cayman) (NYSE:ZTO) Stock Price Down 4.3%

ZTO Express (Cayman) Inc. (NYSE:ZTO)’s share price dropped 4.3% on Friday . The company traded as low as $21.72 and last traded at $21.72. Approximately 92,613 shares were traded during mid-day trading, a decline of 97% from the average daily volume of 3,509,673 shares. The stock had previously closed at $22.70.

Analysts Set New Price Targets

ZTO has been the subject of a number of analyst reports. Bank of America raised their target price on shares of ZTO Express (Cayman) from $25.20 to $26.90 and gave the company a “buy” rating in a research report on Monday, June 17th. Macquarie cut shares of ZTO Express (Cayman) from an “outperform” rating to a “neutral” rating and set a $21.20 price target for the company. in a research note on Wednesday, June 26th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $27.03.

ZTO Express (Cayman) Trading Down 3.7 %

The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.12. The business’s 50 day moving average price is $20.45 and its 200-day moving average price is $21.19. The company has a market cap of $13.21 billion, a price-to-earnings ratio of 15.99, a PEG ratio of 1.04 and a beta of -0.11.

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. ZTO Express (Cayman) had a net margin of 21.22% and a return on equity of 15.51%. The firm had revenue of $1.48 billion for the quarter. On average, equities analysts anticipate that ZTO Express will post 1.69 EPS for the current fiscal year.

ZTO Express (Cayman) Dividend Announcement

The firm also recently announced a Semi-Annual dividend, which will be paid on Thursday, October 17th. Shareholders of record on Tuesday, September 10th will be given a dividend of $0.35 per share. The ex-dividend date of this dividend is Tuesday, September 10th. This represents a dividend yield of 4.6%. ZTO Express (Cayman)’s payout ratio is presently 47.89%.

Institutional Trading of ZTO Express (Cayman)

Large investors have recently made changes to their positions in the company. Platinum Investment Management Ltd. boosted 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 valued at $364,955,000 after buying an additional 3,140,733 shares in the last quarter. Capital Research Global Investors boosted its position in ZTO Express (Cayman) by 2.5% in the first quarter. Capital Research Global Investors now owns 8,038,533 shares of the transportation company’s stock valued at $168,327,000 after buying an additional 199,464 shares in the last quarter. Pzena Investment Management LLC boosted its position in ZTO Express (Cayman) by 1.2% in the second quarter. Pzena Investment Management LLC now owns 5,960,272 shares of the transportation company’s stock valued at $123,676,000 after buying an additional 70,527 shares in the last quarter. Tiger Pacific Capital LP boosted its position in ZTO Express (Cayman) by 9.2% in the fourth quarter. Tiger Pacific Capital LP now owns 5,091,396 shares of the transportation company’s stock valued at $108,345,000 after buying an additional 428,235 shares in the last quarter. Finally, UBS Group AG boosted its position in ZTO Express (Cayman) by 250.0% in the fourth quarter. UBS Group AG now owns 4,190,658 shares of the transportation company’s stock valued at $89,177,000 after buying an additional 2,993,195 shares in the last quarter. Institutional investors and hedge funds own 41.65% 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. 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.