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

Shares of ZTO Express (Cayman) Inc. (NYSE:ZTO - Get Free Report) have received an average rating of "Moderate Buy" from the six analysts that are presently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $21.16.

A number of brokerages have issued reports on ZTO. Citigroup decreased their price target on ZTO Express (Cayman) from $26.40 to $22.60 and set a "buy" rating for the company in a research note on Thursday, May 22nd. JPMorgan Chase & Co. raised ZTO Express (Cayman) from a "neutral" rating to an "overweight" rating and decreased their price target for the company from $23.00 to $21.00 in a research note on Thursday, May 29th. HSBC upgraded ZTO Express (Cayman) from a "hold" rating to a "buy" rating and set a $22.00 price objective for the company in a research report on Monday, April 14th. Bank of America downgraded ZTO Express (Cayman) from a "buy" rating to a "neutral" rating and cut their price objective for the company from $24.00 to $19.00 in a research report on Thursday, May 22nd. Finally, Wall Street Zen downgraded ZTO Express (Cayman) from a "buy" rating to a "hold" rating in a research report on Saturday, May 24th.

Institutional Trading of ZTO Express (Cayman)

A number of hedge funds have recently modified their holdings of the business. Woodline Partners LP purchased a new stake in shares of ZTO Express (Cayman) in the first quarter valued at $6,765,000. Integrated Wealth Concepts LLC purchased a new stake in shares of ZTO Express (Cayman) in the first quarter valued at $421,000. KADENSA CAPITAL Ltd purchased a new stake in shares of ZTO Express (Cayman) during the first quarter worth $973,000. Hhlr Advisors LTD. raised its holdings in shares of ZTO Express (Cayman) by 54.0% during the first quarter. Hhlr Advisors LTD. now owns 671,387 shares of the transportation company's stock worth $13,320,000 after acquiring an additional 235,460 shares in the last quarter. Finally, Royal Bank of Canada raised its holdings in shares of ZTO Express (Cayman) by 22.9% during the first quarter. Royal Bank of Canada now owns 175,128 shares of the transportation company's stock worth $3,475,000 after acquiring an additional 32,663 shares in the last quarter. Hedge funds and other institutional investors own 41.65% of the company's stock.

ZTO Express (Cayman) Stock Up 0.8%

Shares of NYSE:ZTO traded up $0.15 during trading on Friday, hitting $17.21. 1,145,290 shares of the company traded hands, compared to its average volume of 2,778,558. The stock has a market capitalization of $10.29 billion, a price-to-earnings ratio of 10.89, a PEG ratio of 2.38 and a beta of -0.18. The business's fifty day moving average is $18.10 and its 200-day moving average is $18.90. ZTO Express has a one year low of $16.34 and a one year high of $27.50.

About ZTO Express (Cayman)

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.