In yesterday’s Wall Street session, ZTO Express (Cayman) Inc. (NYSE:ZTO) shares traded at $24.22, down -2.02% from the previous session.
As of this writing, 21 analysts cover 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 $24.72, this indicates a potential upside of 902.95 percent. ZTO stock price is now -5.53% away from the 50-day moving average and -9.10% away from the 200-day moving average. The market capitalization of the company currently stands at $19.23B.
There are 0 analysts who have given it a hold rating, whereas 20 have given it a buy rating. Brokers who have rated the stock have averaged $255.20 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 $24,947,000. MARSHALL WACE, LLP invested $13,873,000 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 $7,767,000. COATUE MANAGEMENT LLC acquired a new stake in ZTO for approximately $6,350,000. AXA S.A. purchased a new stake in ZTO valued at around $6,136,000 in the second quarter. In total, there are 416 active investors with 31.60% ownership of the company’s stock.
Thursday morning saw ZTO Express (Cayman) Inc. (NYSE: ZTO) opened at $24.39. 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 $19.82B, which is based on a 17.73 price-to-earnings ratio, a 0.95 price-to-earnings-growth ratio, and a beta of 0.06. The fifty day moving average price for ZTO is $25.59 and a two-hundred day moving average price translates $26.79 for the stock.
The latest earnings results from ZTO Express (Cayman) Inc. (NYSE: ZTO) was released for Jun, 2023. 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.
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.
