ZTO Express (Cayman) Inc. (NYSE:ZTO) does about 2.86M shares in volume on a normal day but saw 6830635 shares change hands in Monday trading. The company now has a market cap of 25.91B USD and an enterprise value of about $25.29B. Its current market price is $33.53, marking an increase of 2.48% compared to the previous close of $32.72. The 52 week high reached by this stock is $38.99 whilst the lowest price level in 52 weeks is $19.63. The script in recent trading has seen the stock touch a high of $34.83 and a low of $32.71.
ZTO Express (Cayman) Inc. (ZTO) has a 20-day trading average at $34.25 and the current price is -14.00% off the 52-week high compared with 70.85% distance from its 52-week low. The 50-day simple moving average of the closing price is $35.68 and its 200-day simple moving average is $28.66. If we look at the stock’s price movements over the week, volatility stands at 3.38%, which decreases to 3.11% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 44.21 to suggest the stock is neutral.
19 analysts observing the ZTO Express (Cayman) Inc. (ZTO) stock have set the 12-month price targets for the company’s shares at between $194.44 and $298.67. The consensus objective for the share price is $37.03, suggesting that the stock has a potential upside of 9.45% over the period. The median price target is 87.85% away from the current levels at $276.05.
FactSet Research has provided data showing that 19 brokerages have issued ratings for the stock. 0 analysts have rated it as a sell, while 3 advise that it is a overweight. 14 analysts have rated it as a buy and 2 have advised that investors hold their positions. The consensus recommendation rating is Buy and Wall Street’s advice is for investors to Strong Buy the stock.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on May 22, 2020 when HSBC Securities upgraded the stock to “Hold” and issued a price target of . JP Morgan downgraded the stock to “Neutral” from Overweight on May 22, 2020 at a price target of $32.
The current price level is -2.64%, -6.30%, and 17.73% away from its SMA20, SMA50, and SMA200 respectively, with the ZTO price moving above the 50-day SMA on August 31. ZTO Express (Cayman) Inc. (ZTO) stock is up 4.65% over the week and -9.50% over the past month. Its price is 45.17% year-to-date and 65.27% over the past year.
The stock last released its quarterly earnings report for quarter ended 6/29/2020, with the company’s earnings per share (EPS) of $0.27 below consensus estimates by $0. The company’s next earnings report is expected on 11/23/2020, with forecasts estimating quarterly EPS at $0.22 and $0.93 for whole year. ZTO’s earnings per share are forecast to shrink by -3.10% this year and 29.00% over next year. Expected sales for next quarter are $1.21 billion, which analysts say will come at $3.63 billion for the current fiscal year and next year at $4.5 billion. In addition, estimates put the company’s current quarterly revenue at an average of $913.99 million.
Its 12-month price target is $276.05. To reach the target analysts have set, the stock logically needs to grow 9.45 percent from here. Of course, the average price target is just what the average analysts believe a stock will be worth in the next 52 weeks, and is only one metric. There are analysts with lower targets than the average, including one bearish Wall Street research firm advocating investors to wait for the price to pull back to $194.44, given the recent momentum. And then, on the bullish side of things, one analyst is expecting the stock to peak at $298.67.
Outstanding shares total 783.90M with insiders holding 0.58% of the shares and institutional holders owning 36.99% of the company’s common stock. The company has a return on investment of 11.30% and return on equity of 14.50%. The price to earnings ratio (P/E ratio) amounts to 33.17 while the forward price to earnings ratio is 27.80. The beta has a value of 0.25. Price to book ratio is 4.66 and price to sales ratio is 7.96.
According to a U.S. Securities and Exchange Commission filing, Invesco Oppenheimer Developing Ma has reduced its position in ZTO Express (Cayman) Inc. (ZTO) to 33,756,400 shares, mirroring a recent drop by 0.00%. Invesco Oppenheimer Developing Ma dumped 0.0 shares of ZTO Express (Cayman) Inc. common stock bringing its total worth to about $1.25 billion at the end of recent close, SEC documents show. Invesco Oppenheimer Developing Ma isn’t the only investment manager who changed stakes and is followed by Platinum International Fund (Top , which sold off -0.1 million shares to end up with 6,743,003 shares worth $249.83 million. Vanguard Total International Stoc cut their holdings by -2.97% in the company over the course of the most recent quarter. It now holds a 1.12% position in ZTO Express (Cayman) Inc. thanks to 6.48 million shares amounting to $239.92 million.