ZTO Express (Cayman) Inc ADR (NYSE:ZTO) finished Friday with an addition of $0.17 to close at $24.17, an upside of 0.71 percent. An average of 1,830,700 shares of common stock have been traded in the last five days. There was a fall of -$0.29 in the past week, and it reached a new high 18 times over the past 12 months. The last 20 days have seen an average of 3,133,870 shares traded, while the 50-day average volume stands at 2,778,870.
ZTO stock has decreased by -1.31% in the last month. The company shares reached their 1-month lowest point of $23.13 on 08/30/23. With the stock rallying to its 52-week high on 05/18/23, shares of the company touched a low of $16.06 and a high of $30.05 in 52 weeks. It has reached a new high 10 times so far this year and lost -8.88% or -$2.70 in price. In spite of this, the price is down -19.57% from the 52-week high.
Valuation Metrics
ZTO Express (Cayman) Inc ADR (ZTO) has a trailing price-to-earnings (P/E) ratio of 16.82. The stock’s beta is 0.07. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 2.68, the price-to-book (PB) ratio at 2.54.
Financial Health
The quick ratio of ZTO Express (Cayman) Inc ADR for the three months ended June 29 was 1.27, and the current ratio was 1.32, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.14 and a total debt to equity ratio of 0.26 for the quarter ending June 29. Its gross profit as reported stood at $1.31 billion compared to revenue of $5.13 billion.
Earnings Surprise
In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $987.22 million in the quarter, while revenues were grew 24.42%. The analyst consensus anticipated ZTO Express (Cayman) Inc ADR’s latest quarter earnings to come in at $0.39 per share, but it turned out to be $0.42, a 7.70% surprise. For the quarter, EBITDA amounted to $397.0 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at ZTO Express (Cayman) Inc ADR (ZTO) price momentum. RSI 9-day as of the close on 29 September was 42.29%, suggesting the stock is Neutral, with historical volatility in this time frame at 13.59%.
As of today, ZTO’s price is $24.17 -1.19% or -$0.29 from its 5-day moving average. ZTO is currently trading -3.86% lower than its 20-day SMA and -14.59% lower than its 100-day SMA. However, the stock’s current price level is -7.54% below the SMA50 and -6.21% below the SMA200.
The stochastic %K and %D were 17.97% and 19.71%, respectively, and the average true range (ATR) was 0.51. With the 14-day stochastic at 20.27% and the average true range at 0.57, the RSI (14) stands at 43.02%. The stock has reached -0.22 on the 9-day MACD Oscillator while the 14-day reading was at -0.34.
Analyst Ratings
Goldman upgraded ZTO Express (Cayman) Inc ADR (NYSE: ZTO) to a a Buy rating in its most recent analyst report. Previously, the stock was rated as a Neutral. The consensus rating for ZTO Express (Cayman) Inc ADR (ZTO) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell ZTO, while 0 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 22 others rate it as a “buy”.
What is ZTO’s price target for the next 12 months?
Analysts predict a range of price targets between $218.57 and $311.30, with a median target of $247.93. Taking a look at these predictions, the average price target given by analysts for ZTO Express (Cayman) Inc ADR (ZTO) stock is $257.06.
