BlackRock Fund Advisors has recently announced that it has increased stake in ZTO Express (Cayman) Inc ADR (NYSE:ZTO) by 0.56%. After grabbing 12.91 million shares, the institutional investor is now in possession of 72269.0 shares of the Industrials Company. The new investment brought the stake of investor firm to 2.12% having worth around $288.05 million. Moreover, Goldman Sachs & Co. LLC increased its share by 1.31 million to have a control over 8.66 million shares. And Green Court Capital Management Lt raised its holdings to 0.33 million shares by acquiring 8.41 million shares or 1.38% of the stake.
ZTO Express (Cayman) Inc ADR (ZTO) concluded trading on 12/28/23 at a closing price of $20.87, with 3.34 million shares of worth about $69.63 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -17.25% during that period and on Thursday the price saw a gain of about 3.99%. Currently the company’s common shares owned by public are about 609.17M shares, out of which, 598.58M 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: 24 analysts are covering the ZTO stock and their offered price forecasts bring an average price target of $250.82. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $309.00 and could fall to a lowest price of $203.05. The stock’s current price level is 35.43% above of average price target set by the analysts, while a rise to estimated low would result in gain of 89.72% for the stock. However, touching the estimated high of $309.00 would mean a gain of 93.25% for the stock.
Invesco Developing Markets Fund, Government Pension Fund – Global, and Fidelity Inv. Trust – Emerging Ma are the top 3 mutual funds which are holding stakes in ZTO Express (Cayman) Inc ADR Invesco Developing Markets Fund is currently holding 36.8 million shares of worth totaling $821.33 million. The company recently came buying 0.0 shares which brought its stake up to 6.04% of the company’s outstanding shares. Government Pension Fund – Global bought 4.48 million shares, after which its hold over company’s outstanding shares expand to 1.22%, leaving 7.43 million shares with the mutual fund that have a worth of about $165.85 million. Fidelity Inv. Trust – Emerging Ma, after buying 4.73 million shares, have now control over 0.78% of the stake in the company. It holds 0.0 shares of worth $105.65 million.
ZTO Express (Cayman) Inc ADR (NYSE: ZTO) started trading at $20.05, below -$0.02 from concluding price of the previous day. However, the stock later moved at a day high price of 21.09, or with a gain of 3.99%. Stock saw a price change of 4.77% in past 5 days and over the past one month there was a price change of -6.71%. Year-to-date (YTD), ZTO shares are showing a performance of -21.32% which decreased to -21.20% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $19.70 but also hit the highest price of $30.05 during that period. The average intraday trading volume for ZTO Express (Cayman) Inc ADR shares is 2.68 million. The stock is currently trading 0.11% above its 20-day simple moving average (SMA20), while that difference is down -6.99% for SMA50 and it goes to -17.90% lower than SMA200.
BlackRock Fund Advisors acquired 12.91 million shares of ZTO Express (Cayman) Inc ADR having value of about $288.05 million. Data submitted at the U.S SEC by BlackRock Fund Advisors revealed that the firm now holds 72269.0 shares in the company valued at close to $1508254.03, or have control over 0.56% stake in the company. ZTO Express (Cayman) Inc ADR (NYSE: ZTO) currently have 609.17M outstanding shares and institutions hold larger chunk of about 44.94% of that. Holding of mutual funds in the company is about 18.79% while other institutional holders and individual stake holders have control over 25.49% and — of the stake respectively.
The stock has a current market capitalization of $12.49B and its 3Y-monthly beta is at -0.05. PE ratio of stock for trailing 12 months is 14.11, while it has posted earnings per share of $1.48 in the same period. Its PEG reads 0.84 and has Quick Ratio of 1.13 while making debt-to-equity ratio of 0.30. 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 2.30% while standing at 2.17% over the month.
Analysts are in expectations that ZTO Express (Cayman) Inc ADR (ZTO) stock would likely to be making an EPS of $Atmos Energy Corporation in the current quarter, while forecast for next quarter EPS is $116.08 and it is $Stocks for next year. For the current quarter EPS, analysts have given the company a lowest target $ZTO Express (Cayman) Inc. which is $Zuora, Inc. 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 $CTO Realty Growth, Inc. in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 31.21% while it is estimated to increase by 16.79% in next year. EPS is likely to shrink at an annualized rate of 16.70% for next 5-years, compared to annual growth of 17.08% made by the stock over the past 5-years.
Analysts at 24 brokerage firms have issued recommendations for the ZTO Express (Cayman) Inc ADR (ZTO)’s stock and average of those rates the stock at a “Strong Buy” and assign it a score of 1.25. Out of those 24 Wall Street analysts, 21 recommended a “Buy” rating, while 1 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 BofA Securities on November 07, 2023 offering a Neutral rating for the stock and assigned a target price range of between $34 and $28 to it.
