ZTO Express (Cayman) Inc ADR (NYSE:ZTO) does about 4.29M shares in volume on a normal day but saw 6905114 shares change hands in Monday trading. The company now has a market cap of 12.42B USD. Its current market price is $20.74, marking a decrease of -0.77% compared to the previous close of $20.90. The 52 week high reached by this stock is $30.05 whilst the lowest price level in 52 weeks is $15.90.
ZTO Express (Cayman) Inc ADR (ZTO) has a 20-day trading average at $21.35 and the current price is -30.98% off the 52-week high compared with 30.48% distance from its 52-week low. The 50-day simple moving average of the closing price is $19.53 and its 200-day simple moving average is $22.53. If we look at the stock’s price movements over the week, volatility stands at 2.18%, which increases to 2.85% 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 49.20 to suggest the stock is neutral.
The consensus objective for the share price is $28.89, suggesting that the stock has a potential upside of 28.21% over the period.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on November 07, 2023 when BofA Securities downgraded the stock to “Neutral” and issued a price target of between $34 and $28. Goldman upgraded the stock to “Buy” from Neutral on April 25, 2023 at a price target of $37-$42.
ZTO Express (Cayman) Inc ADR (ZTO) stock is down -3.31% over the week and 3.34% over the past month. Its price is -2.54% year-to-date and -26.64% over the past year.
The stock last released its quarterly earnings report for quarter ended 12/30/2023, with the company’s earnings per share (EPS) of $0.37 above consensus estimates by $0.01. ZTO’s earnings per share are forecast to grow by 14.30% this year and 16.70% over next year. Expected sales for next quarter are $1.49 billion, which analysts say will come at $5.93 billion for the current fiscal year and next year at $6.67 billion. In addition, estimates put the company’s current quarterly revenue at an average of $1.29 billion.
To reach the target analysts have set, the stock logically needs to grow 28.21 percent from here.
Outstanding shares total 598.62M with insiders holding 4.40% of the shares and institutional holders owning 43.52% of the company’s common stock. The company has a return on investment of 13.00% and return on equity of 15.22%. The price to earnings ratio (P/E ratio) amounts to 13.94 while the forward price to earnings ratio is 10.53. The beta has a value of -0.05. Price to book ratio is 2.11 and price to sales ratio is 2.28.
