Analysts Set ZTO Express (Cayman) Inc. (NYSE:ZTO) Price Target at $22.36

Key Points

• ZTO Express (Cayman) Inc. has received a consensus rating of "Buy" from five research firms, with an average 12-month price objective of $22.36.
• Recent analyst reports include Morgan Stanley setting a price objective of $24.20, while Wall Street Zen downgraded the stock from "buy" to "hold".
• The company announced a semi-annual dividend of $0.29 per share, representing a yield of 330.0%, to be paid on October 31st.

Shares of ZTO Express (Cayman) Inc. (NYSE:ZTO - Get Free Report) have earned a consensus rating of "Buy" from the five brokerages that are covering the company, Marketbeat.com reports. One analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $22.36.

A number of equities research analysts have recently commented on ZTO shares. Wall Street Zen lowered shares of ZTO Express (Cayman) from a "buy" rating to a "hold" rating in a research note on Saturday, May 24th. JPMorgan Chase & Co. raised shares of ZTO Express (Cayman) from a "neutral" rating to an "overweight" rating and reduced their price objective for the company from $23.00 to $21.00 in a research note on Thursday, May 29th. Citigroup reduced their price objective on shares of ZTO Express (Cayman) from $26.40 to $22.60 and set a "buy" rating on the stock in a research note on Thursday, May 22nd. Bank of America upped their price objective on shares of ZTO Express (Cayman) from $19.00 to $22.00 and gave the company a "neutral" rating in a research note on Wednesday, August 20th. Finally, Morgan Stanley set a $24.20 price objective on shares of ZTO Express (Cayman) in a research note on Wednesday, July 2nd.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. 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 acquiring an additional 664 shares during the period. 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 acquiring an additional 730 shares during the period. Smartleaf Asset Management LLC lifted its position in shares of ZTO Express (Cayman) by 61.4% during the 2nd quarter. Smartleaf Asset Management LLC now owns 2,021 shares of the transportation company's stock valued at $36,000 after acquiring an additional 769 shares during the period. One Wealth Advisors LLC lifted its position in shares of ZTO Express (Cayman) by 6.6% during the 2nd quarter. One Wealth Advisors LLC now owns 12,741 shares of the transportation company's stock valued at $226,000 after acquiring an additional 790 shares during the period. Finally, Bank of Montreal Can lifted its position in shares of ZTO Express (Cayman) by 1.0% during the 2nd quarter. Bank of Montreal Can now owns 84,694 shares of the transportation company's stock valued at $1,503,000 after acquiring an additional 812 shares during the period. Institutional investors and hedge funds own 41.65% of the company's stock.

ZTO Express (Cayman) Stock Performance

Shares of NYSE:ZTO traded up $0.15 during trading on Friday, reaching $19.25. The stock had a trading volume of 335,748 shares, compared to its average volume of 2,487,771. The firm's fifty day moving average is $19.15 and its 200 day moving average is $18.80. ZTO Express has a 52 week low of $16.34 and a 52 week high of $27.50. The stock has a market cap of $11.52 billion, a price-to-earnings ratio of 13.00, a P/E/G ratio of 7.67 and a beta of -0.15.

ZTO Express (Cayman) Cuts Dividend

The business also recently announced a semi-annual dividend, which will be paid on Friday, October 31st. Investors of record on Tuesday, September 30th will be given a dividend of $0.29 per share. This represents a dividend yield of 330.0%. The ex-dividend date is Tuesday, September 30th. ZTO Express (Cayman)'s payout ratio is presently 45.95%.

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.