Daiwa Capital Markets initiated coverage on shares of Zto Express Inc (NYSE:ZTO) in a research report report published on Thursday morning. The firm issued a buy rating and a $18.50 target price on the transportation company’s stock.
Several other equities research analysts also recently weighed in on ZTO. Zacks Investment Research downgraded shares of Zto Express from a hold rating to a sell rating in a research report on Saturday, August 12th. HSBC Holdings plc assumed coverage on shares of Zto Express in a research report on Tuesday, August 8th. They set a reduce rating and a $12.50 price target for the company. Macquarie assumed coverage on shares of Zto Express in a research report on Tuesday, September 19th. They set an outperform rating and a $17.30 price target for the company. Finally, UBS AG assumed coverage on shares of Zto Express in a research report on Tuesday, July 11th. They set a buy rating for the company. Two research analysts have rated the stock with a sell rating, one has given a hold rating and eight have issued a buy rating to the company. The company presently has a consensus rating of Buy and an average target price of $17.79.
Zto Express (NYSE:ZTO) opened at $16.58 on Thursday. Zto Express has a 1-year low of $11.14 and a 1-year high of $17.17. The stock has a market cap of $8,709.57 and a P/E ratio of 31.88.
Zto Express (NYSE:ZTO) last released its earnings results on Tuesday, August 22nd. The transportation company reported $0.15 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.14 by $0.01. The firm had revenue of $2.97 billion during the quarter, compared to analyst estimates of $3.02 billion. Zto Express had a net margin of 22.54% and a return on equity of 14.83%. The firm’s revenue was up 29.9% compared to the same quarter last year. analysts expect that Zto Express will post 0.62 EPS for the current fiscal year.
Several institutional investors and hedge funds have recently made changes to their positions in the stock. Myriad Asset Management Ltd. bought a new stake in Zto Express in the 2nd quarter worth approximately $26,877,000. Oppenheimer Asset Management Inc. bought a new stake in Zto Express in the 1st quarter worth approximately $212,000. AGF Investments Inc. bought a new stake in Zto Express in the 2nd quarter worth approximately $1,599,000. Green Court Capital Management Ltd bought a new stake in Zto Express in the 2nd quarter worth approximately $81,799,000. Finally, Thomas White International Ltd. grew its position in Zto Express by 29.0% in the 2nd quarter. Thomas White International Ltd. now owns 410,113 shares of the transportation company’s stock worth $5,725,000 after purchasing an additional 92,084 shares during the period. 22.84% of the stock is owned by institutional investors.
About Zto Express
ZTO Express (Cayman) Inc is an express delivery company in China. The Company provides express delivery service through its nationwide network, as well as other value-added logistics services. The Company provides its services for a range of online merchants and consumers transacting on the Chinese e-commerce platforms, such as Alibaba and JD.com.
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