ZTO Express (Cayman) Inc. (NYSE:ZTO) Receives $27.03 Average Price Target from Analysts

Shares of ZTO Express (Cayman) Inc. (NYSE:ZTO) have been assigned a consensus recommendation of “Moderate Buy” from the six brokerages that are presently covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation, two have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $27.0333.

A number of research analysts recently weighed in on ZTO shares. JPMorgan Chase & Co. raised their price target 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. Zacks Research cut ZTO Express (Cayman) from a “strong-buy” rating to a “hold” rating in a report on Friday, May 29th. Weiss Ratings downgraded ZTO Express (Cayman) from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, May 20th. Morgan Stanley reaffirmed an “overweight” rating and issued a $30.10 price target on shares of ZTO Express (Cayman) in a research note on Wednesday, May 20th. Finally, Wall Street Zen upgraded ZTO Express (Cayman) from a “hold” rating to a “buy” rating in a research report on Saturday, April 11th.

ZTO Express (Cayman) Stock Up 0.2%

Shares of NYSE ZTO opened at $23.22 on Thursday. The company’s 50-day simple moving average is $23.16 and its 200-day simple moving average is $23.40. ZTO Express has a 52-week low of $17.56 and a 52-week high of $26.20. The firm has a market cap of $13.09 billion, a price-to-earnings ratio of 14.24, a price-to-earnings-growth ratio of 0.88 and a beta of -0.22. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 0.16.

Institutional Investors Weigh In On ZTO Express (Cayman)

A number of large investors have recently modified their holdings of the business. Caitong International Asset Management Co. Ltd purchased a new position in shares of ZTO Express (Cayman) in the fourth quarter worth about $25,000. Leonteq Securities AG purchased a new stake in ZTO Express (Cayman) during the 4th quarter valued at about $30,000. Atlas Capital Advisors Inc. purchased a new stake in ZTO Express (Cayman) during the 4th quarter valued at about $35,000. Smartleaf Asset Management LLC raised its holdings in ZTO Express (Cayman) by 61.4% in the 2nd quarter. Smartleaf Asset Management LLC now owns 2,021 shares of the transportation company’s stock valued at $36,000 after acquiring an additional 769 shares during the last quarter. Finally, Assetmark Inc. raised its holdings in ZTO Express (Cayman) by 1,713.0% in the 4th quarter. Assetmark Inc. now owns 2,375 shares of the transportation company’s stock valued at $50,000 after acquiring an additional 2,244 shares during the last quarter. Hedge funds and other institutional investors own 41.65% of the company’s stock.

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.