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HSBC Holdings plc initiated coverage on shares of ZTO EXPRESS INC (NYSE:ZTO) in a research note published on Tuesday, MarketBeat.com reports. The brokerage issued a reduce rating and a $12.50 target price on the transportation company’s stock.
Other analysts have also recently issued reports about the stock. Zacks Investment Research cut shares of ZTO EXPRESS INC from a hold rating to a sell rating in a research note on Wednesday, June 14th. CLSA assumed coverage on shares of ZTO EXPRESS INC in a research note on Monday, June 26th. They issued a sell rating for the company. Finally, UBS AG assumed coverage on shares of ZTO EXPRESS INC in a research note on Tuesday, July 11th. They issued a buy rating for the company. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus price target of $17.36.
ZTO EXPRESS INC (NYSE:ZTO) opened at 13.25 on Tuesday. The stock’s 50 day moving average is $14.73 and its 200 day moving average is $13.71. The stock has a market capitalization of $9.55 billion and a PE ratio of 28.68. ZTO EXPRESS INC has a 12-month low of $11.14 and a 12-month high of $18.45.
ZTO EXPRESS INC (NYSE:ZTO) last released its earnings results on Wednesday, May 17th. The transportation company reported $0.10 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.01. The company had revenue of $2.61 billion during the quarter, compared to analyst estimates of $2.58 billion. The company’s revenue was up 33.5% on a year-over-year basis. Equities analysts anticipate that ZTO EXPRESS INC will post $0.62 EPS for the current fiscal year.
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A number of hedge funds have recently made changes to their positions in ZTO. Dynamic Technology Lab Private Ltd acquired a new stake in shares of ZTO EXPRESS INC during the first quarter valued at approximately $137,000. Great West Life Assurance Co. Can boosted its stake in shares of ZTO EXPRESS INC by 1.2% in the second quarter. Great West Life Assurance Co. Can now owns 10,123 shares of the transportation company’s stock valued at $141,000 after buying an additional 123 shares during the last quarter. Wells Fargo & Company MN boosted its stake in shares of ZTO EXPRESS INC by 68.1% in the first quarter. Wells Fargo & Company MN now owns 12,292 shares of the transportation company’s stock valued at $160,000 after buying an additional 4,979 shares during the last quarter. FMR LLC acquired a new stake in shares of ZTO EXPRESS INC during the second quarter valued at approximately $170,000. Finally, Profund Advisors LLC acquired a new stake in shares of ZTO EXPRESS INC during the second quarter valued at approximately $176,000. Institutional investors and hedge funds own 20.32% of the company’s stock.
About ZTO EXPRESS INC
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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