At the time of writing, ZTO Express (Cayman) Inc ADR [ZTO] stock is trading at $19.49, up 2.36%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The ZTO shares have gain 7.50% over the last week, with a monthly amount glided 11.50%, and seem to be holding up well over a long-time horizon.
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On 31, January 2024, ZTO to Announce Fourth Quarter and Fiscal Year 2023 Financial Results on March 19, 2024 U.S. Eastern Time. In a post published today on Yahoo Finance, ZTO Express (Cayman) Inc. (NYSE: ZTO and SEHK: 2057) (“ZTO” or the “Company”), a leading and fast-growing express delivery company in China, today announced that it will release its unaudited financial results for the fourth quarter ended December 31, 2023 and its unaudited annual results for the fiscal year ended December 31, 2023, after the U.S. market closes on March 19, 2024.
From an analyst’s perspective:
ZTO Express (Cayman) Inc ADR [NYSE: ZTO] stock has seen the most recent analyst activity on November 07, 2023, when BofA Securities downgraded its rating to a Neutral and also revised its price target to $28 from $34. Previously, Goldman upgraded its rating to Buy on April 25, 2023, and elevated its price target to $42. On March 16, 2023, upgrade upgraded it’s rating to Buy. JP Morgan upgraded its rating to a Overweight and increased its price target to $35 on August 19, 2022. Macquarie upgraded its rating to a Outperform but $40.20 remained the price target by the analyst firm on November 18, 2021. BofA Securities upgraded its rating to Buy for this stock on November 18, 2021, and upped its price target to $36. In a note dated October 20, 2021, Goldman downgraded an Neutral rating on this stock but restated the target price of $44.
For the past year, the stock price of ZTO Express (Cayman) Inc ADR fluctuated between $15.90 and $30.05. Currently, Wall Street analysts expect the stock to reach $32.9 within the next 12 months. ZTO Express (Cayman) Inc ADR [NYSE: ZTO] shares were valued at $19.49 at the most recent close of the market. An investor can expect a potential return of 68.8% based on the average ZTO price forecast.
Analyzing the ZTO fundamentals
According to ZTO Express (Cayman) Inc ADR [NYSE:ZTO], the company’s sales were 5.37B for trailing twelve months, which represents an -3.57% plunge. Gross Profit Margin for this corporation currently stands at -0.03% with Operating Profit Margin at -0.22%, Pretax Profit Margin comes in at -0.24%, and Net Profit Margin reading is -0.51%. To continue investigating profitability, this company’s Return on Assets is posted at -1.53, Equity is -2.61 and Total Capital is -22.65. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at -6.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 18.98 points at the first support level, and at 18.48 for the second support level. However, for the 1st resistance point, the stock is sitting at 19.86, and for the 2nd resistance point, it is at 20.23.
ZTO Express (Cayman) Inc ADR [ZTO] reported earnings per share of $0.39 for its fiscal quarter that ended on 9/29/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.38/share, meaning a difference of $0.01 and a surprise factor of 2.60%. By comparison, the stated earnings for the previous quarter ended on 6/29/2023 were $0.43 per share as compared to estimates of $0.39 per share, a difference of $0.04 representing a surprise of 10.30%.
Ratios To Look Out For
It is important to note that ZTO Express (Cayman) Inc ADR [NYSE:ZTO] has a current ratio of 1.17. Also, the Quick Ratio is 1.13, while the Cash Ratio stands at 0.05. Considering the valuation of this stock, the price to sales ratio is 2.17, the price to book ratio is 1.98 and price to earnings (TTM) ratio is 13.17.
