ZTO Express (Cayman) Inc. (NYSE:ZTO) Given Average Recommendation of "Moderate Buy" by Brokerages

Key Points

• ZTO Express (Cayman) Inc. has received an average rating of "Moderate Buy" from six brokerages, with price targets ranging from $19.00 to $24.20.
• The company recently announced a semi-annual dividend of $0.29, with a dividend yield of 306.0% and a payout ratio of 45.95%.
• Institutional investors control 41.65% of ZTO Express's stock, with several firms recently increasing their holdings significantly.

Shares of ZTO Express (Cayman) Inc. (NYSE:ZTO - Get Free Report) have been given an average rating of "Moderate Buy" by the six ratings firms that are presently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $22.36.

ZTO has been the subject of a number of research reports. Bank of America boosted their target price on shares of ZTO Express (Cayman) from $19.00 to $22.00 and gave the company a "neutral" rating in a research report on Wednesday, August 20th. Zacks Research upgraded shares of ZTO Express (Cayman) from a "strong sell" rating to a "hold" rating in a research report on Thursday, September 25th. Finally, Morgan Stanley set a $24.20 price objective on shares of ZTO Express (Cayman) in a research report on Wednesday, July 2nd.

ZTO Express (Cayman) Price Performance

NYSE ZTO opened at $19.58 on Tuesday. The company has a market capitalization of $11.72 billion, a PE ratio of 13.23, a P/E/G ratio of 7.84 and a beta of -0.15. The company has a fifty day moving average of $19.35 and a 200 day moving average of $18.71. ZTO Express has a 1 year low of $16.34 and a 1 year high of $27.50.

ZTO Express (Cayman) Cuts Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Friday, October 31st. Shareholders of record on Tuesday, September 30th will be given a $0.29 dividend. The ex-dividend date is Tuesday, September 30th. This represents a dividend yield of 306.0%. ZTO Express (Cayman)'s dividend payout ratio is 45.95%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. raised its position in shares of ZTO Express (Cayman) by 6.4% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 12,212 shares of the transportation company's stock worth $242,000 after acquiring an additional 730 shares during the period. Envestnet Asset Management Inc. raised its position in shares of ZTO Express (Cayman) by 31.1% in the first quarter. Envestnet Asset Management Inc. now owns 577,800 shares of the transportation company's stock worth $11,464,000 after acquiring an additional 137,202 shares during the period. Trexquant Investment LP purchased a new stake in shares of ZTO Express (Cayman) during the first quarter worth about $343,000. Cerity Partners LLC increased its stake in shares of ZTO Express (Cayman) by 30.6% during the first quarter. Cerity Partners LLC now owns 26,170 shares of the transportation company's stock worth $519,000 after purchasing an additional 6,135 shares in the last quarter. Finally, UMB Bank n.a. increased its stake in shares of ZTO Express (Cayman) by 106.4% during the first quarter. UMB Bank n.a. now owns 1,288 shares of the transportation company's stock worth $26,000 after purchasing an additional 664 shares in the last quarter. 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.

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