ZTO Express (Cayman) (NYSE:ZTO) Trading 2.9% Higher

ZTO Express (Cayman) Inc. (NYSE:ZTO - Get Free Report) traded up 2.9% during trading on Tuesday . The company traded as high as $22.08 and last traded at $22.07. 362,092 shares changed hands during mid-day trading, a decline of 91% from the average session volume of 4,162,255 shares. The stock had previously closed at $21.45.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. Bank of America raised shares of ZTO Express (Cayman) from a "neutral" rating to a "buy" rating and increased their target price for the company from $22.00 to $29.00 in a research report on Thursday, March 21st. HSBC lowered their price objective on shares of ZTO Express (Cayman) from $32.00 to $30.00 and set a "buy" rating on the stock in a research report on Thursday, March 21st. StockNews.com downgraded shares of ZTO Express (Cayman) from a "buy" rating to a "hold" rating in a research report on Tuesday, February 6th. Finally, JPMorgan Chase & Co. lowered their target price on shares of ZTO Express (Cayman) from $37.00 to $30.00 and set an "overweight" rating on the stock in a report on Thursday, March 21st. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, ZTO Express (Cayman) presently has an average rating of "Moderate Buy" and an average target price of $32.00.

ZTO Express (Cayman) Trading Up 2.8 %

The firm has a market cap of $13.37 billion, a PE ratio of 14.89, a P/E/G ratio of 0.81 and a beta of -0.04. The company's fifty day moving average price is $19.23 and its two-hundred day moving average price is $21.20. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.12.

ZTO Express (Cayman) Announces Dividend

The business also recently disclosed an annual dividend, which will be paid on Monday, April 29th. Investors of record on Wednesday, April 10th will be paid a $0.61 dividend. This represents a dividend yield of 2.82%. The ex-dividend date of this dividend is Tuesday, April 9th.

Institutional Trading of ZTO Express (Cayman)

Several hedge funds and other institutional investors have recently made changes to their positions in ZTO. FMR LLC lifted its stake in shares of ZTO Express (Cayman) by 2,862.2% in the third quarter. FMR LLC now owns 7,435,471 shares of the transportation company's stock valued at $179,715,000 after purchasing an additional 7,184,463 shares during the period. Aspex Management HK Ltd purchased a new stake in shares of ZTO Express (Cayman) during the fourth quarter worth about $77,857,000. Schroder Investment Management Group grew its holdings in shares of ZTO Express (Cayman) by 68.4% during the third quarter. Schroder Investment Management Group now owns 8,260,456 shares of the transportation company's stock worth $199,655,000 after buying an additional 3,353,753 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of ZTO Express (Cayman) by 22,201.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 3,211,473 shares of the transportation company's stock worth $68,341,000 after buying an additional 3,197,073 shares in the last quarter. Finally, UBS Group AG grew its holdings in ZTO Express (Cayman) by 250.0% in the fourth quarter. UBS Group AG now owns 4,190,658 shares of the transportation company's stock valued at $89,177,000 after purchasing an additional 2,993,195 shares during the period. Institutional investors and hedge funds own 41.65% of the company's stock.

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.