Shares of ZTO Express (Cayman) Inc. (NYSE:ZTO - Get Free Report) have received an average recommendation of "Buy" from the five research firms that are presently covering the firm, MarketBeat reports. One analyst has 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 twelve-month target price among analysts that have covered the stock in the last year is $21.76.
ZTO has been the topic of several research reports. Hsbc Global Res raised ZTO Express (Cayman) from a "hold" rating to a "strong-buy" rating in a research report on Monday, April 14th. Bank of America lowered 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. Citigroup cut their price objective on 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. HSBC raised ZTO Express (Cayman) from a "hold" rating to a "buy" rating and set a $22.00 price objective on the stock in a research report on Monday, April 14th. Finally, JPMorgan Chase & Co. raised ZTO Express (Cayman) from a "neutral" rating to an "overweight" rating and cut their price objective for the company from $23.00 to $21.00 in a research report on Thursday, May 29th.
Read Our Latest Research Report on ZTO
Institutional Trading of ZTO Express (Cayman)
A number of hedge funds and other institutional investors have recently modified their holdings of ZTO. UMB Bank n.a. boosted its stake in ZTO Express (Cayman) by 106.4% in the first 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. First Horizon Advisors Inc. increased its stake in shares of ZTO Express (Cayman) by 70.8% in the first quarter. First Horizon Advisors Inc. now owns 2,132 shares of the transportation company's stock worth $42,000 after acquiring an additional 884 shares during the last quarter. Hantz Financial Services Inc. increased its position in ZTO Express (Cayman) by 986.2% during the second quarter. Hantz Financial Services Inc. now owns 3,856 shares of the transportation company's stock worth $68,000 after buying an additional 3,501 shares during the last quarter. Brooklyn Investment Group boosted its holdings in ZTO Express (Cayman) by 443,600.0% during the first quarter. Brooklyn Investment Group now owns 4,437 shares of the transportation company's stock valued at $88,000 after acquiring an additional 4,436 shares during the period. Finally, Midwest Trust Co bought a new stake in ZTO Express (Cayman) during the second quarter valued at about $192,000. 41.65% of the stock is owned by hedge funds and other institutional investors.
ZTO Express (Cayman) Stock Performance
ZTO Express (Cayman) stock traded down $0.18 during midday trading on Monday, reaching $20.00. The stock had a trading volume of 1,118,408 shares, compared to its average volume of 2,169,116. ZTO Express has a twelve month low of $16.34 and a twelve month high of $27.50. The stock has a market capitalization of $11.97 billion, a PE ratio of 12.66, a price-to-earnings-growth ratio of 3.06 and a beta of -0.18. The stock's 50-day simple moving average is $18.54 and its 200 day simple moving average is $18.86.
About ZTO Express (Cayman)
(
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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.
Further Reading
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