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

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

ZTO has been the topic of several analyst reports. JPMorgan Chase & Co. upgraded shares of ZTO Express (Cayman) from a "neutral" rating to an "overweight" rating and dropped their price target for the stock from $23.00 to $21.00 in a research note on Thursday. 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. Hsbc Global Res upgraded shares of ZTO Express (Cayman) from a "hold" rating to a "strong-buy" rating in a research report on Monday, April 14th. Bank of America lowered shares of ZTO Express (Cayman) from a "buy" rating to a "neutral" rating and decreased their target price for the company from $24.00 to $19.00 in a research report on Thursday, May 22nd. Finally, Citigroup cut 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 report on Thursday, May 22nd.

ZTO Express (Cayman) Stock Up 1.8%

Shares of ZTO stock traded up $0.32 during trading hours on Wednesday, reaching $17.85. 3,063,967 shares of the stock traded hands, compared to its average volume of 2,794,178. The firm has a market capitalization of $10.68 billion, a PE ratio of 12.31, a PEG ratio of 1.03 and a beta of -0.14. The business has a fifty day moving average price of $18.56 and a 200 day moving average price of $19.20. ZTO Express has a 1-year low of $16.34 and a 1-year high of $27.50.

ZTO Express (Cayman) (NYSE:ZTO - Get Free Report) last released its quarterly earnings data on Tuesday, March 18th. The transportation company reported $0.44 earnings per share 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 during the quarter, compared to analyst estimates of $11.73 billion. Research analysts expect that ZTO Express will post 1.57 earnings per share for the current fiscal year.

ZTO Express (Cayman) Dividend Announcement

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

Hedge Funds Weigh In On ZTO Express (Cayman)

Institutional investors have recently modified their holdings of the stock. UMB Bank n.a. raised its stake in shares of 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 worth $26,000 after acquiring an additional 664 shares during the last quarter. First Horizon Advisors Inc. raised its stake in shares of ZTO Express (Cayman) by 70.8% during the first quarter. First Horizon Advisors Inc. now owns 2,132 shares of the transportation company's stock worth $42,000 after buying an additional 884 shares during the last quarter. Brooklyn Investment Group raised its stake in shares of 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 worth $88,000 after buying an additional 4,436 shares during the last quarter. Blue Trust Inc. raised its stake in shares of ZTO Express (Cayman) by 119.8% during the fourth quarter. Blue Trust Inc. now owns 5,061 shares of the transportation company's stock worth $99,000 after buying an additional 2,758 shares during the last quarter. Finally, U S Global Investors Inc. raised its stake in shares of ZTO Express (Cayman) by 47.0% during the first quarter. U S Global Investors Inc. now owns 10,101 shares of the transportation company's stock worth $200,000 after buying an additional 3,229 shares during the last quarter. 41.65% of the stock is owned by institutional investors.

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.