The price of ZTO Express (Cayman) Inc. (NYSE:ZTO) shares last traded on Wall Street rose 3.59% to $25.10.
Based on available information, 21 analysts follow ZTO Express (Cayman) Inc. (NYSE:ZTO). The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $311.30 and a low of $218.57, we find $247.93. Given the previous closing price of $24.23, this indicates a potential upside of 923.24 percent. ZTO stock price is now -2.21% away from the 50-day moving average and -5.69% away from the 200-day moving average. The market capitalization of the company currently stands at $20.49B.
Among analysts, 0 rate the stock a hold while 20 rate it a buy. Brokers who have rated the stock have averaged $255.19 as their price target over the next twelve months.
With the price target enhanced from $37 to $42, Goldman Upgraded its rating from Neutral to Buy for ZTO Express (Cayman) Inc. (NYSE: ZTO).
A total of 0.74% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in ZTO stock. A new stake in ZTO Express (Cayman) Inc. shares was purchased by VERITAS ASSET MANAGEMENT LLP during the first quarter worth $25,853,000. MARSHALL WACE, LLP invested $14,377,000 in shares of ZTO during the first quarter. In the first quarter, PINPOINT ASSET MANAGEMENT LTD acquired a new stake in ZTO Express (Cayman) Inc. valued at approximately $8,049,000. COATUE MANAGEMENT LLC acquired a new stake in ZTO for approximately $6,581,000. AXA S.A. purchased a new stake in ZTO valued at around $6,359,000 in the second quarter. In total, there are 416 active investors with 31.60% ownership of the company’s stock.
A candlestick chart of ZTO Express (Cayman) Inc. (NYSE: ZTO) showed a price of $24.72 on Thursday morning. During the past 12 months, ZTO Express (Cayman) Inc. has had a low of $16.06 and a high of $30.05. As of last week, the company has a debt-to-equity ratio of 0.25, a current ratio of 1.30, and a quick ratio of 1.30. According to the stock market information, the enterprise value for the company is $19.22B, which is based on a 18.51 price-to-earnings ratio, a 0.99 price-to-earnings-growth ratio, and a beta of 0.06. The fifty day moving average price for ZTO is $25.67 and a two-hundred day moving average price translates $26.78 for the stock.
The latest earnings results from ZTO Express (Cayman) Inc. (NYSE: ZTO) was released for Jun, 2023. According to the Integrated Freight & Logistics Company, earnings per share came in at $0.42, beating analysts’ expectations of $0.39 by 0.03. This compares to $0.32 EPS in the same period last year. The net profit margin was 22.10% and return on equity was 15.40% for ZTO. The company reported revenue of $1.34 billion for the quarter, compared to $1.29 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 3.93 percent. For the current quarter, analysts expect ZTO to generate $1.38B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 04/28/2023. Investors who held shares on 04/06/2023 were paid a $0.37 dividend.
ZTO Express (Cayman) Inc.(ZTO) 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.
