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

Shares of ZTO Express (Cayman) Inc. (NYSE:ZTO - Get Free Report) have been assigned a consensus recommendation of "Buy" from the five research firms that are currently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $21.76.

A number of research firms have issued reports on ZTO. JPMorgan Chase & Co. raised shares of ZTO Express (Cayman) from a "neutral" rating to an "overweight" rating and reduced their price target for the stock from $23.00 to $21.00 in a research report on Thursday, May 29th. Wall Street Zen lowered shares of ZTO Express (Cayman) from a "buy" rating to a "hold" rating in a research report on Saturday, May 24th. Citigroup reduced their price target on shares of ZTO Express (Cayman) from $26.40 to $22.60 and set a "buy" rating for the company in a research report on Thursday, May 22nd. Morgan Stanley set a $24.20 price target on shares of ZTO Express (Cayman) in a research report on Wednesday, July 2nd. Finally, Bank of America lowered shares of ZTO Express (Cayman) from a "buy" rating to a "neutral" rating and cut their target price for the company from $24.00 to $19.00 in a report on Thursday, May 22nd.

Hedge Funds Weigh In On ZTO Express (Cayman)

Institutional investors have recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. grew its stake in ZTO Express (Cayman) by 6.4% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 12,212 shares of the transportation company's stock valued at $242,000 after acquiring an additional 730 shares during the period. Envestnet Asset Management Inc. grew its stake in ZTO Express (Cayman) by 31.1% in the 1st quarter. Envestnet Asset Management Inc. now owns 577,800 shares of the transportation company's stock valued at $11,464,000 after acquiring an additional 137,202 shares during the period. Cerity Partners LLC grew its stake in ZTO Express (Cayman) by 30.6% in the 1st quarter. Cerity Partners LLC now owns 26,170 shares of the transportation company's stock valued at $519,000 after acquiring an additional 6,135 shares during the period. UMB Bank n.a. grew its stake in ZTO Express (Cayman) by 106.4% in the 1st quarter. UMB Bank n.a. now owns 1,288 shares of the transportation company's stock valued at $26,000 after acquiring an additional 664 shares during the period. Finally, TB Alternative Assets Ltd. acquired a new stake in ZTO Express (Cayman) during the 1st quarter worth $1,640,000. 41.65% of the stock is owned by hedge funds and other institutional investors.

ZTO Express (Cayman) Price Performance

ZTO traded up $0.25 during trading on Monday, reaching $20.08. 561,269 shares of the company's stock were exchanged, compared to its average volume of 2,523,895. ZTO Express has a 1 year low of $16.34 and a 1 year high of $27.50. The stock has a market capitalization of $12.01 billion, a P/E ratio of 12.71, a price-to-earnings-growth ratio of 3.06 and a beta of -0.18. The company's fifty day simple moving average is $18.66 and its 200-day simple moving average is $18.87.

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.