Invesco Advisers, Inc. recently announced the acquisition of new stake in ZTO Express (Cayman) Inc. (NYSE:ZTO). The institutional investor has increased its shareholding in the Industrials company by 8.19% to 41.18 million shares with purchase of 3.12 million shares. This fresh investment now brings its stake to 6.63% valued currently at $990.89 million. In addition, Platinum Investment Management Lt raised its holdings by 1.02 million to 16.93 million shares. And Capital Research & Management Co has lifted its position by 6.82% or 0.72 million shares – to 11.27 million shares.
With over 4.09 million ZTO Express (Cayman) Inc. (ZTO) shares trading Tuesday and a closing price of $26.27 on the day, the dollar volume was approximately $107.37 million. The shares have shown a negative half year performance of -2.56% and its price on 03/14/23 gained nearly 2.18%. Currently, there are 809.73M common shares owned by the public and among those 617.28M shares have been available to trade.
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An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 25 analysts who have offered their price forecasts for ZTO have a consensus price objective of $239.18. The analysts have set the share’s price value over the next 12 months at a high of $301.89 and a low of $203.69. The average price target is 23.43% above its recent price level and an upside to the estimated low will see the stock gain 87.1% over that period. But an upside of 91.3% will see the stock hit the forecast high price target while median target price for the stock is $238.77.
The top 3 mutual fund holders in ZTO Express (Cayman) Inc. are Invesco Developing Markets Fund, Government Pension Fund – Global, and John Hancock III – International. Invesco Developing Markets Fund owns 36.8 million shares of the company’s stock, all valued at over $885.35 million. Government Pension Fund – Global bought 4.48 million shares to see its total holdings expand to 7.43 million shares valued at over $178.78 million and representing 1.20% of the shares outstanding. John Hancock III – International now owns shares totaling to 0.92% of the shares outstanding.
Shares of ZTO Express (Cayman) Inc. (NYSE: ZTO) opened at $25.39, down -$0.32 from a prior closing price of $25.71. However, the script later moved the day high at 26.32, up 2.18%. The company’s stock has a 5-day price change of 3.34% and 2.14% over the past three months. ZTO shares are trading -2.23% year to date (YTD), with the 12-month market performance up to 17.03% higher. It has a 12-month low price of $16.27 and touched a high of $29.79 over the same period. ZTO has an average intraday trading volume of 2.41 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 4.12%, -2.98%, and 3.86% respectively.
Institutional ownership of ZTO Express (Cayman) Inc. (NYSE: ZTO) shares accounts for 31.60% of the company’s 809.73M shares outstanding. Mutual fund holders own 17.94%, while other institutional holders and individual stakeholders account for 24.50% and — respectively.
It has a market capitalization of $21.27B and a beta (3y monthly) value of 0.00. The stock’s trailing 12-month PE ratio is 23.19, while the earnings-per-share (ttm) stands at $1.13. The company has a PEG of 1.01 and a Quick Ratio of 1.60 with the debt-to-equity ratio at 0.27. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.21% over the week and 2.83% over the month.
Analysts forecast that ZTO Express (Cayman) Inc. (ZTO) will achieve an EPS of $0 for the current quarter, $0.33 for the next quarter and $1.47 for 2023. The lowest estimate earnings-per-share for the quarter is $0 while analysts give the company a high EPS estimate of $0. Comparatively, EPS for the current quarter was $0.14 a year ago. Earnings per share for the fiscal year are expected to increase by 7.10%, and 21.00% over the next financial year. EPS should grow at an annualized rate of 22.90% over the next five years, compared to 13.90% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 25 brokerage firm advisors rate ZTO Express (Cayman) Inc. (ZTO) as a “Strong Buy” at a consensus score of 1.60. Specifically, 21 Wall Street analysts polled rate the stock as a buy, while 1 of the 25 advise that investors “hold,” and 0 rated it as a “Sell.”
Looking at the support for the ZTO, a number of firms have released research notes about the stock. JP Morgan stated their Overweight rating for the stock in a research note on August 19, 2022, with the firm’s price target at $27-$35. Macquarie coverage for the ZTO Express (Cayman) Inc. (ZTO) stock in a research note released on November 18, 2021 offered a Outperform rating with a price target of $40.20. BofA Securities was of a view on November 18, 2021 that the stock is Buy, while Goldman gave the stock Neutral rating on October 20, 2021, issuing a price target of $44. Macquarie on their part issued Neutral rating on June 15, 2021.
