Shares of ZTO Express (Cayman) Inc. (NYSE:ZTO - Get Free Report) have received an average rating of "Buy" from the five research firms that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation, three have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $21.76.
Several equities research analysts recently weighed in on ZTO shares. Bank of America lowered ZTO Express (Cayman) from a "buy" rating to a "neutral" rating and reduced their target price for the stock from $24.00 to $19.00 in a report on Thursday, May 22nd. JPMorgan Chase & Co. upgraded ZTO Express (Cayman) from a "neutral" rating to an "overweight" rating and lowered their price objective for the stock from $23.00 to $21.00 in a research note on Thursday, May 29th. Morgan Stanley set a $24.20 target price on ZTO Express (Cayman) in a report on Wednesday, July 2nd. Hsbc Global Res raised ZTO Express (Cayman) from a "hold" rating to a "strong-buy" rating in a research report on Monday, April 14th. Finally, Wall Street Zen downgraded ZTO Express (Cayman) from a "buy" rating to a "hold" rating in a research note on Saturday, May 24th.
Read Our Latest Report on ZTO Express (Cayman)
ZTO Express (Cayman) Stock Up 3.7%
ZTO stock traded up $0.67 during mid-day trading on Thursday, reaching $19.00. The company had a trading volume of 3,096,708 shares, compared to its average volume of 2,720,401. The stock has a market capitalization of $11.37 billion, a P/E ratio of 12.03, a P/E/G ratio of 2.88 and a beta of -0.18. ZTO Express has a one year low of $16.34 and a one year high of $27.50. The stock's 50-day simple moving average is $17.78 and its two-hundred day simple moving average is $18.72.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Mirae Asset Global Investments Co. Ltd. grew its position in ZTO Express (Cayman) by 6.4% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 12,212 shares of the transportation company's stock worth $242,000 after purchasing an additional 730 shares during the period. UMB Bank n.a. lifted its stake in ZTO Express (Cayman) by 106.4% in the 1st quarter. UMB Bank n.a. now owns 1,288 shares of the transportation company's stock worth $26,000 after purchasing an additional 664 shares in the last quarter. TB Alternative Assets Ltd. purchased a new stake in ZTO Express (Cayman) in the 1st quarter worth $1,640,000. Envestnet Asset Management Inc. raised its position in shares of ZTO Express (Cayman) by 31.1% during the 1st quarter. Envestnet Asset Management Inc. now owns 577,800 shares of the transportation company's stock valued at $11,464,000 after buying an additional 137,202 shares in the last quarter. Finally, LPL Financial LLC purchased a new stake in shares of ZTO Express (Cayman) during the 4th quarter valued at about $232,000. Institutional investors own 41.65% of the company's stock.
About ZTO Express (Cayman)
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Get Free ReportZTO 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.
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