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

ZTO Express (Cayman) Inc. (NYSE:ZTO - Get Free Report) has earned an average rating of "Buy" from the five analysts that are currently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a hold recommendation, three have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $21.76.

Several analysts have recently commented on ZTO shares. Citigroup reduced their price target on shares of 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. Bank of America cut ZTO Express (Cayman) from a "buy" rating to a "neutral" rating and lowered their price target for the stock from $24.00 to $19.00 in a report on Thursday, May 22nd. HSBC upgraded shares of ZTO Express (Cayman) from a "hold" rating to a "buy" rating and set a $22.00 price objective on the stock in a report on Monday, April 14th. Morgan Stanley set a $24.20 target price on shares of ZTO Express (Cayman) in a research note on Wednesday, July 2nd. Finally, JPMorgan Chase & Co. raised shares of ZTO Express (Cayman) from a "neutral" rating to an "overweight" rating and reduced their price target for the company from $23.00 to $21.00 in a research note on Thursday, May 29th.

ZTO Express (Cayman) Price Performance

NYSE ZTO traded up $0.67 during trading hours on Thursday, hitting $19.00. 3,072,318 shares of the company's stock traded hands, compared to its average volume of 2,720,266. The company has a market capitalization of $11.37 billion, a PE ratio of 12.03, a PEG ratio of 2.75 and a beta of -0.18. The firm's 50-day moving average is $17.78 and its 200-day moving average is $18.73. ZTO Express has a 52-week low of $16.34 and a 52-week high of $27.50.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. UMB Bank n.a. increased its stake in shares of ZTO Express (Cayman) by 106.4% during the first quarter. UMB Bank n.a. now owns 1,288 shares of the transportation company's stock worth $26,000 after buying an additional 664 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its holdings in ZTO Express (Cayman) by 6.4% in the first 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. One Wealth Advisors LLC lifted its holdings in 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 worth $226,000 after buying an additional 790 shares during the last quarter. First Horizon Advisors Inc. increased its holdings in shares of ZTO Express (Cayman) by 70.8% in the 1st quarter. First Horizon Advisors Inc. now owns 2,132 shares of the transportation company's stock valued at $42,000 after acquiring an additional 884 shares during the last quarter. Finally, Natixis Advisors LLC raised 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 worth $1,270,000 after acquiring an additional 918 shares in the last quarter. Hedge funds and other institutional investors own 41.65% of the company's stock.

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.