Analysts Set ZTO Express (Cayman) Inc. (NYSE:ZTO) Target Price at $24.53

ZTO Express (Cayman) Inc. (NYSE:ZTO) has received a consensus rating of “Hold” from the five research firms that are currently covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $24.53.

ZTO has been the topic of a number of analyst reports. Hsbc Global Res downgraded shares of ZTO Express (Cayman) from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 21st. HSBC downgraded shares of ZTO Express (Cayman) from a “buy” rating to a “hold” rating and cut their price objective for the stock from $28.00 to $20.00 in a research report on Tuesday, January 21st. StockNews.com raised shares of ZTO Express (Cayman) from a “hold” rating to a “buy” rating in a research report on Tuesday, January 14th. Finally, JPMorgan Chase & Co. initiated coverage on shares of ZTO Express (Cayman) in a research report on Wednesday, October 30th. They issued an “overweight” rating and a $30.00 price objective on the stock.

ZTO Express (Cayman) Stock Performance

NYSE ZTO opened at $20.78 on Monday. The company has a market capitalization of $12.55 billion, a price-to-earnings ratio of 14.33, a price-to-earnings-growth ratio of 1.00 and a beta of -0.16. The company’s 50-day simple moving average is $19.24 and its two-hundred day simple moving average is $20.99. ZTO Express has a one year low of $17.89 and a one year high of $27.50.

Institutional Trading of ZTO Express (Cayman)

Several institutional investors and hedge funds have recently bought and sold shares of the business. Cerity Partners LLC lifted its stake in ZTO Express (Cayman) by 3.7% during the 3rd quarter. Cerity Partners LLC now owns 18,913 shares of the transportation company’s stock valued at $468,000 after acquiring an additional 674 shares during the period. Van ECK Associates Corp increased its holdings in shares of ZTO Express (Cayman) by 60.8% during the 3rd quarter. Van ECK Associates Corp now owns 1,825 shares of the transportation company’s stock valued at $46,000 after purchasing an additional 690 shares in the last quarter. Natixis Advisors LLC increased its holdings in shares of ZTO Express (Cayman) by 1.4% during the 4th quarter. Natixis Advisors LLC now owns 64,943 shares of the transportation company’s stock valued at $1,270,000 after purchasing an additional 918 shares in the last quarter. Fox Run Management L.L.C. increased its holdings in shares of ZTO Express (Cayman) by 7.5% during the 4th quarter. Fox Run Management L.L.C. now owns 14,069 shares of the transportation company’s stock valued at $275,000 after purchasing an additional 980 shares in the last quarter. Finally, Point72 DIFC Ltd purchased a new position in shares of ZTO Express (Cayman) during the 3rd quarter valued at approximately $26,000. 41.65% of the stock is currently owned by institutional investors and hedge funds.

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.