Analysts Set ZTO Express (Cayman) Inc. (NYSE:ZTO) Price Target at $21.56

ZTO Express (Cayman) Inc. (NYSE:ZTO - Get Free Report) has received a consensus rating of "Moderate Buy" from the six analysts that are covering the company, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $21.16.

Several equities research analysts recently issued reports on the company. Bank of America downgraded ZTO Express (Cayman) from a "buy" rating to a "neutral" rating and decreased their price target for the stock from $24.00 to $19.00 in a report on Thursday, May 22nd. Wall Street Zen downgraded ZTO Express (Cayman) from a "buy" rating to a "hold" rating in a report on Saturday, May 24th. Hsbc Global Res upgraded ZTO Express (Cayman) from a "hold" rating to a "strong-buy" rating in a report on Monday, April 14th. 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, 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.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. UMB Bank n.a. lifted its position in shares of ZTO Express (Cayman) by 106.4% during the 1st quarter. UMB Bank n.a. now owns 1,288 shares of the transportation company's stock valued at $26,000 after buying an additional 664 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of ZTO Express (Cayman) by 6.4% during 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 buying an additional 730 shares during the last quarter. First Horizon Advisors Inc. lifted its position in shares of ZTO Express (Cayman) by 70.8% during the 1st quarter. First Horizon Advisors Inc. now owns 2,132 shares of the transportation company's stock valued at $42,000 after buying an additional 884 shares during the last quarter. Natixis Advisors LLC lifted its position in shares of ZTO Express (Cayman) by 1.4% during the 4th quarter. Natixis Advisors LLC now owns 64,943 shares of the transportation company's stock valued at $1,270,000 after buying an additional 918 shares during the last quarter. Finally, Fox Run Management L.L.C. lifted its position in shares of ZTO Express (Cayman) by 7.5% during the 4th quarter. Fox Run Management L.L.C. now owns 14,069 shares of the transportation company's stock valued at $275,000 after buying an additional 980 shares during the last quarter. Hedge funds and other institutional investors own 41.65% of the company's stock.

ZTO Express (Cayman) Stock Performance

ZTO Express (Cayman) stock traded down $0.27 during mid-day trading on Wednesday, reaching $17.59. The stock had a trading volume of 5,223,147 shares, compared to its average volume of 2,794,131. ZTO Express has a fifty-two week low of $16.34 and a fifty-two week high of $27.50. The stock's 50-day simple moving average is $18.48 and its 200-day simple moving average is $19.13. The firm has a market capitalization of $10.53 billion, a PE ratio of 12.13, a price-to-earnings-growth ratio of 1.03 and a beta of -0.14.

ZTO Express (Cayman) (NYSE:ZTO - Get Free Report) last announced its earnings results on Tuesday, March 18th. The transportation company reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by ($0.02). ZTO Express (Cayman) had a net margin of 20.56% and a return on equity of 15.44%. The company had revenue of $1.77 billion for the quarter, compared to analysts' expectations of $11.73 billion. On average, research analysts forecast that ZTO Express will post 1.57 earnings per share for the current fiscal year.

ZTO Express (Cayman) Announces Dividend

The company also recently declared a semi-annual dividend, which was paid on Tuesday, April 29th. Stockholders of record on Thursday, April 10th were given a dividend of $0.35 per share. The ex-dividend date of this dividend was Thursday, April 10th. This represents a dividend yield of 4.7%. ZTO Express (Cayman)'s dividend payout ratio is presently 43.04%.

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.