Brokerages Set ZTO Express (Cayman) Inc. (NYSE:ZTO) Price Target at $24.45

ZTO Express (Cayman) Inc. (NYSE:ZTO) has been given a consensus rating of “Buy” by the six analysts that are presently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation, three have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $24.45.

ZTO has been the subject of a number of analyst reports. Weiss Ratings upgraded shares of ZTO Express (Cayman) from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, May 1st. Zacks Research upgraded shares of ZTO Express (Cayman) from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 13th. Wall Street Zen upgraded shares of ZTO Express (Cayman) from a “hold” rating to a “buy” rating in a research note on Saturday, April 11th. Macquarie Infrastructure upgraded shares of ZTO Express (Cayman) from a “hold” rating to a “strong-buy” rating in a research note on Sunday, February 8th. Finally, JPMorgan Chase & Co. lifted their target price on shares of ZTO Express (Cayman) from $25.00 to $29.00 and gave the company an “overweight” rating in a research note on Monday, April 13th.

Institutional Trading of ZTO Express (Cayman)

A number of institutional investors and hedge funds have recently modified their holdings of ZTO. Royal Bank of Canada lifted its stake in shares of ZTO Express (Cayman) by 22.9% in the first quarter. Royal Bank of Canada now owns 175,128 shares of the transportation company’s stock worth $3,475,000 after buying an additional 32,663 shares during the last quarter. Integrated Wealth Concepts LLC acquired a new stake in shares of ZTO Express (Cayman) in the first quarter worth $421,000. Arrowstreet Capital Limited Partnership acquired a new stake in shares of ZTO Express (Cayman) in the second quarter worth $190,000. EverSource Wealth Advisors LLC lifted its stake in shares of ZTO Express (Cayman) by 156.2% in the second quarter. EverSource Wealth Advisors LLC now owns 3,489 shares of the transportation company’s stock worth $62,000 after buying an additional 2,127 shares during the last quarter. Finally, Marshall Wace LLP lifted its stake in shares of ZTO Express (Cayman) by 29.3% in the second quarter. Marshall Wace LLP now owns 468,489 shares of the transportation company’s stock worth $8,316,000 after buying an additional 106,180 shares during the last quarter. 41.65% of the stock is currently owned by institutional investors and hedge funds.

ZTO Express (Cayman) Stock Up 0.0%

NYSE ZTO opened at $23.75 on Wednesday. The stock has a market capitalization of $13.39 billion, a PE ratio of 15.03, a price-to-earnings-growth ratio of 1.20 and a beta of -0.18. The company has a 50 day moving average price of $24.70 and a two-hundred day moving average price of $22.70. ZTO Express has a 12-month low of $16.68 and a 12-month high of $26.20.

ZTO Express (Cayman) (NYSE:ZTO) last posted its earnings results on Saturday, February 14th. The transportation company reported $0.47 earnings per share (EPS) for the quarter. The firm had revenue of $2.07 billion during the quarter. ZTO Express (Cayman) had a net margin of 18.50% and a return on equity of 14.05%. As a group, equities analysts anticipate that ZTO Express will post 1.82 EPS for the current year.

ZTO Express (Cayman) Dividend Announcement

The company also recently disclosed a dividend, which was paid on Wednesday, April 29th. Stockholders of record on Wednesday, April 8th were paid a $0.39 dividend. This represents a dividend yield of 318.0%. The ex-dividend date was Wednesday, April 8th. ZTO Express (Cayman)’s payout ratio is presently 48.10%.

About ZTO Express (Cayman)

ZTO Express (Cayman) Inc is one of China’s leading express delivery companies, specializing in both domestic and cross-border parcel logistics. The company operates a technology-enabled network that connects shippers, independent pickup and delivery stations, regional sorting hubs and end customers. ZTO’s service portfolio includes standard express, heavy-weight parcel delivery, time-definite shipments and e-commerce logistics solutions tailored for online retailers and marketplaces.

Founded in 2002 and headquartered in Shanghai, ZTO has grown rapidly by leveraging a franchise-style operating model that engages a broad network of independent contractors.