Brokerages Set ZTO Express (Cayman) Inc. (NYSE:ZTO) PT at $21.16

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

A number of research analysts recently commented on ZTO shares. Hsbc Global Res raised ZTO Express (Cayman) from a "hold" rating to a "strong-buy" rating in a research note on Monday, April 14th. JPMorgan Chase & Co. raised shares of ZTO Express (Cayman) from a "neutral" rating to an "overweight" rating and decreased their target price for the company from $23.00 to $21.00 in a report on Thursday, May 29th. Bank of America cut shares of ZTO Express (Cayman) from a "buy" rating to a "neutral" rating and dropped their target price for the company from $24.00 to $19.00 in a research report on Thursday, May 22nd. Citigroup reduced their price target on shares of ZTO Express (Cayman) from $26.40 to $22.60 and set a "buy" rating on the stock in a research report on Thursday, May 22nd. Finally, HSBC raised shares of ZTO Express (Cayman) from a "hold" rating to a "buy" rating and set a $22.00 price objective on the stock in a research note on Monday, April 14th.

ZTO Express (Cayman) Price Performance

NYSE:ZTO traded up $0.22 during trading hours on Friday, reaching $17.83. 1,541,087 shares of the company were exchanged, compared to its average volume of 2,761,595. The company has a market capitalization of $10.67 billion, a P/E ratio of 10.61, a P/E/G ratio of 2.52 and a beta of -0.18. The business has a 50 day moving average of $18.04 and a 200 day moving average of $18.89. ZTO Express has a 1-year low of $16.34 and a 1-year high of $27.50.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Woodline Partners LP bought a new stake in ZTO Express (Cayman) during the 1st quarter worth $6,765,000. Integrated Wealth Concepts LLC acquired a new stake in shares of ZTO Express (Cayman) during the first quarter valued at about $421,000. KADENSA CAPITAL Ltd bought a new stake in shares of ZTO Express (Cayman) during the first quarter worth about $973,000. Hhlr Advisors LTD. grew 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 purchasing an additional 235,460 shares during the last quarter. Finally, Royal Bank of Canada increased its stake in shares of ZTO Express (Cayman) by 22.9% in the first quarter. Royal Bank of Canada now owns 175,128 shares of the transportation company's stock valued at $3,475,000 after buying an additional 32,663 shares during the period. 41.65% of the stock is currently owned by institutional investors and hedge funds.

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.