There Is Clear Momentum For ZTO Express (Cayman) Inc. (NYSE: ZTO)

Invesco Advisers, Inc. has recently announced that it has increased stake in ZTO Express (Cayman) Inc. (NYSE:ZTO) by 0.62%. After grabbing 38.07 million shares, the institutional investor is now in possession of 0.23 million shares of the Industrials Company. The new investment brought the stake of investor firm to 5.86% having worth around $642.94 million. Moreover, Wellington Management Co. LLP increased its share by 5.94 million to have a control over 23.81 million shares. And Platinum Investment Management Lt raised its holdings to 0.59 million shares by acquiring 15.91 million shares or 2.45% of the stake.

ZTO Express (Cayman) Inc. (ZTO) concluded trading on 11/30/22 at a closing price of $25.07, with 9.14 million shares of worth about $229.08 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -4.89% during that period and on Wednesday the price saw a gain of about 4.24%. Currently the company’s common shares owned by public are about 809.73M shares, out of which, 644.91M shares are available for trading.

A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 22 analysts are covering the ZTO stock and their offered price forecasts bring an average price target of $235.57. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $301.89 and could fall to a lowest price of $171.28. The stock’s current price level is 24.94% above of average price target set by the analysts, while a rise to estimated low would result in gain of 85.36% for the stock. However, touching the estimated high of $301.89 would mean a gain of 91.7% for the stock.

Invesco Developing Markets Fund, John Hancock III – International, and American Funds EuroPacific Growth are the top 3 mutual funds which are holding stakes in ZTO Express (Cayman) Inc. Invesco Developing Markets Fund is currently holding 33.66 million shares of worth totaling $568.49 million. The company recently came buying 0.0 shares which brought its stake up to 5.19% of the company’s outstanding shares. John Hancock III – International sold -0.12 million shares, after which its hold over company’s outstanding shares shrunk to 0.91%, leaving 5.89 million shares with the mutual fund that have a worth of about $99.54 million. American Funds EuroPacific Growth, after selling 5.66 million shares, have now control over 0.87% of the stake in the company. It holds 3352.0 shares of worth $95.61 million.

ZTO Express (Cayman) Inc. (NYSE: ZTO) started trading at $24.75, above $0.7 from concluding price of the previous day. However, the stock later moved at a day high price of 25.14, or with a gain of 4.24%. Stock saw a price change of 12.47% in past 5 days and over the past one month there was a price change of 48.43%. Year-to-date (YTD), ZTO shares are showing a performance of -10.28% which decreased to -19.90% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $16.27 but also hit the highest price of $32.35 during that period. The average intraday trading volume for ZTO Express (Cayman) Inc. shares is 3.21 million. The stock is currently trading 20.12% above its 20-day simple moving average (SMA20), while that difference is up 14.55% for SMA50 and it goes to 0.07% higher than SMA200.

Invesco Advisers, Inc. acquired 38.07 million shares of ZTO Express (Cayman) Inc. having value of about $642.94 million. Data submitted at the U.S SEC by Invesco Advisers, Inc. revealed that the firm now holds 0.23 million shares in the company valued at close to $5863547.09, or have control over 0.62% stake in the company. ZTO Express (Cayman) Inc. (NYSE: ZTO) currently have 809.73M outstanding shares and institutions hold larger chunk of about 31.50% of that. Holding of mutual funds in the company is about 15.14% while other institutional holders and individual stake holders have control over 23.80% and — of the stake respectively.

The stock has a current market capitalization of $20.29B and its 3Y-monthly beta is at -0.09. PE ratio of stock for trailing 12 months is 25.71, while it has posted earnings per share of $0.97 in the same period. Its PEG reads 8.21 and has Quick Ratio of 1.20 while making debt-to-equity ratio of 0.15. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for ZTO, volatility over the week remained 3.78% while standing at 4.27% over the month.

Analysts are in expectations that ZTO Express (Cayman) Inc. (ZTO) stock would likely to be making an EPS of $0.19 in the current quarter, while forecast for next quarter EPS is $0.31 and it is $1.37 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.18 which is $0.19 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.14 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 7.10% while it is estimated to increase by 22.80% in next year. EPS is likely to shrink at an annualized rate of 3.13% for next 5-years, compared to annual growth of 13.90% made by the stock over the past 5-years.

Analysts at 22 brokerage firms have issued recommendations for the ZTO Express (Cayman) Inc. (ZTO)’s stock and average of those rates the stock at a “Strong Buy” and assign it a score of 1.70. Out of those 22 Wall Street analysts, 19 recommended a “Buy” rating, while 0 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by JP Morgan on August 19, 2022 offering an Overweight rating for the stock and assigned a target price range of between $27 and $35 to it. Coverage by Macquarie stated ZTO Express (Cayman) Inc. (ZTO) stock as an Outperform in their note to investors on November 18, 2021, suggesting a price target of $40.20 for the stock. On November 18, 2021, BofA Securities Upgrade their recommendations, while on October 20, 2021, Goldman Downgrade their ratings for the stock with a price target of $44. Stock get a Neutral rating from Macquarie on June 15, 2021.