ZTO Express (Cayman) Inc. (NYSE:ZTO) Receives Consensus Recommendation of “Buy” from Brokerages

Shares of ZTO Express (Cayman) Inc. (NYSE:ZTO) have earned an average rating of “Buy” from the six analysts that are presently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $27.0333.

ZTO has been the topic of several research reports. Zacks Research upgraded shares of ZTO Express (Cayman) from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 7th. 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. Wall Street Zen upgraded shares of ZTO Express (Cayman) from a “hold” rating to a “buy” rating in a report on Saturday, April 11th. Weiss Ratings downgraded shares of ZTO Express (Cayman) from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, May 20th. Finally, Morgan Stanley reiterated an “overweight” rating and set a $30.10 price objective on shares of ZTO Express (Cayman) in a report on Wednesday, May 20th.

ZTO Express (Cayman) Price Performance

NYSE ZTO opened at $24.04 on Monday. The company has a 50 day simple moving average of $23.00 and a 200-day simple moving average of $23.72. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.64 and a quick ratio of 1.64. The firm has a market capitalization of $13.55 billion, a price-to-earnings ratio of 14.75, a price-to-earnings-growth ratio of 0.91 and a beta of -0.22. ZTO Express has a 52-week low of $17.74 and a 52-week high of $26.20.

Institutional Investors Weigh In On ZTO Express (Cayman)

Several institutional investors have recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd bought a new stake in ZTO Express (Cayman) in the fourth quarter worth $25,000. Leonteq Securities AG bought a new position in ZTO Express (Cayman) during the fourth quarter valued at about $30,000. Atlas Capital Advisors Inc. acquired a new stake in shares of ZTO Express (Cayman) in the fourth quarter worth about $35,000. Smartleaf Asset Management LLC lifted its position in shares of ZTO Express (Cayman) by 61.4% in the second quarter. Smartleaf Asset Management LLC now owns 2,021 shares of the transportation company’s stock worth $36,000 after buying an additional 769 shares during the last quarter. Finally, Assetmark Inc. lifted its position in shares of ZTO Express (Cayman) by 1,713.0% in the fourth quarter. Assetmark Inc. now owns 2,375 shares of the transportation company’s stock worth $50,000 after buying an additional 2,244 shares during the last quarter. 41.65% of the stock is currently owned by institutional investors and hedge funds.

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.