ZTO Express (ZTO) Rating Increased to Hold at Zacks Investment Research

Zacks Investment Research upgraded shares of ZTO Express (NYSE:ZTO) from a strong sell rating to a hold rating in a research report report published on Wednesday.

According to Zacks, “ZTO Express Inc. is an express delivery company. It provides express delivery service through its nationwide network as well as other value-added logistics services. The Company offers route planning and optimization, waybill tracking system and transportation management system. ZTO Express Inc. is based in Shanghai, China. “

Separately, CLSA upgraded ZTO Express from a sell rating to an underperform rating in a research report on Thursday, May 10th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. ZTO Express presently has an average rating of Hold and an average price target of $16.33.

ZTO Express opened at $17.38 on Wednesday, MarketBeat Ratings reports. The firm has a market capitalization of $8.79 billion, a P/E ratio of 25.10 and a beta of 0.07. ZTO Express has a fifty-two week low of $17.24 and a fifty-two week high of $17.47.

ZTO Express (NYSE:ZTO) last issued its quarterly earnings results on Thursday, March 8th. The transportation company reported $1.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.28 by $1.43. The company had revenue of $4.33 billion during the quarter, compared to the consensus estimate of $4.06 billion. ZTO Express had a return on equity of 15.56% and a net margin of 22.89%. ZTO Express’s revenue was up 35.8% on a year-over-year basis. During the same period last year, the company earned $1.04 earnings per share. research analysts predict that ZTO Express will post 0.89 EPS for the current year.

Institutional investors and hedge funds have recently modified their holdings of the stock. Lazard Asset Management LLC lifted its position in ZTO Express by 30.1% in the fourth quarter. Lazard Asset Management LLC now owns 6,558,337 shares of the transportation company’s stock worth $103,949,000 after buying an additional 1,516,114 shares during the last quarter. Neumann Advisory Hong Kong Ltd bought a new stake in ZTO Express in the fourth quarter worth $2,660,000. Ontario Teachers Pension Plan Board bought a new stake in ZTO Express in the fourth quarter worth $14,741,000. Tower Research Capital LLC TRC lifted its position in ZTO Express by 281.2% in the fourth quarter. Tower Research Capital LLC TRC now owns 6,500 shares of the transportation company’s stock worth $103,000 after buying an additional 4,795 shares during the last quarter. Finally, Comerica Bank bought a new stake in ZTO Express in the fourth quarter worth $492,000. Institutional investors own 28.82% of the company’s stock.

About ZTO Express

ZTO Express (Cayman) Inc, through its subsidiaries, provides express delivery and other value-added logistics services in China. It offers delivery services for e-commerce merchants, traditional merchants, and other express service users, as well as through business partners. As of December 31, 2016, the company operated a fleet of approximately 2,900 self-owned trucks.

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