Analysts Set ZTO Express (Cayman) Inc. (NYSE:ZTO) PT at $28.18

ZTO Express (Cayman) Inc. (NYSE:ZTO) has received an average recommendation of “Moderate Buy” from the five brokerages that are currently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month target price among brokers that have covered the stock in the last year is $28.18.

A number of research firms have commented on ZTO. Bank of America boosted their price objective on ZTO Express (Cayman) from $25.20 to $26.90 and gave the stock a “buy” rating in a research note on Monday, June 17th. Macquarie lowered ZTO Express (Cayman) from an “outperform” rating to a “neutral” rating and set a $21.20 price objective on the stock. in a research note on Wednesday, June 26th.

Hedge Funds Weigh In On ZTO Express (Cayman)

Several large investors have recently made changes to their positions in the company. Pzena Investment Management LLC lifted its stake in shares of ZTO Express (Cayman) by 1.2% during the second quarter. Pzena Investment Management LLC now owns 5,960,272 shares of the transportation company’s stock valued at $123,676,000 after acquiring an additional 70,527 shares during the period. Natixis Advisors LLC bought a new stake in ZTO Express (Cayman) in the second quarter valued at about $1,326,000. Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in ZTO Express (Cayman) by 4.5% during the second quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 18,791 shares of the transportation company’s stock worth $390,000 after buying an additional 816 shares during the last quarter. Banco Santander S.A. bought a new position in ZTO Express (Cayman) during the second quarter worth about $467,000. Finally, Bank of New York Mellon Corp boosted its holdings in ZTO Express (Cayman) by 28.0% during the second quarter. Bank of New York Mellon Corp now owns 441,739 shares of the transportation company’s stock worth $9,166,000 after buying an additional 96,602 shares during the last quarter. Institutional investors and hedge funds own 41.65% of the company’s stock.

ZTO Express (Cayman) Price Performance

Shares of ZTO stock opened at $18.33 on Monday. The stock’s fifty day simple moving average is $21.23 and its 200 day simple moving average is $20.49. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.15 and a quick ratio of 1.15. The firm has a market cap of $11.12 billion, a price-to-earnings ratio of 12.91, a P/E/G ratio of 0.85 and a beta of -0.12. ZTO Express has a one year low of $15.90 and a one year high of $27.19.

ZTO Express (Cayman) (NYSE:ZTO) last announced its quarterly earnings results on Wednesday, May 15th. The transportation company reported $0.32 EPS for the quarter. The business had revenue of $1.38 billion for the quarter. ZTO Express (Cayman) had a return on equity of 15.39% and a net margin of 21.57%. On average, analysts expect that ZTO Express will post 1.7 earnings per share for the current fiscal year.

ZTO Express (Cayman) Company Profile

ZTO Express (Cayman) Inc provides express delivery and other value-added logistics services in the People's Republic of China. It offers freight forwarding services; and delivery services for e-commerce and traditional merchants, and other express service users. The company was founded in 2002 and is headquartered in Shanghai, the People's Republic of China.