ZTO Express (Cayman) Inc. (NYSE:ZTO - Get Free Report) shares gapped up before the market opened on Friday . The stock had previously closed at $18.33, but opened at $19.26. ZTO Express (Cayman) shares last traded at $19.47, with a volume of 225,726 shares traded.
Wall Street Analyst Weigh In
A number of equities analysts have recently commented on the company. JPMorgan Chase & Co. raised ZTO Express (Cayman) from a "neutral" rating to an "overweight" rating and lowered their price target for the stock from $23.00 to $21.00 in a report on Thursday, May 29th. HSBC raised ZTO Express (Cayman) from a "hold" rating to a "buy" rating and set a $22.00 price target for the company in a report on Monday, April 14th. Citigroup dropped their target price 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. Bank of America cut shares of ZTO Express (Cayman) from a "buy" rating to a "neutral" rating and dropped their target price for the stock from $24.00 to $19.00 in a report on Thursday, May 22nd. Finally, Morgan Stanley set a $24.20 target price on ZTO Express (Cayman) in a report on Wednesday, July 2nd. Two investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $21.76.
Get Our Latest Stock Analysis on ZTO Express (Cayman)
ZTO Express (Cayman) Stock Performance
The firm's fifty day simple moving average is $17.78 and its 200-day simple moving average is $18.71. The stock has a market cap of $11.31 billion, a P/E ratio of 11.95, a price-to-earnings-growth ratio of 2.88 and a beta of -0.18.
Institutional Investors Weigh In On ZTO Express (Cayman)
Several large investors have recently added to or reduced their stakes in ZTO. Deutsche Bank AG grew its stake in ZTO Express (Cayman) by 100.9% during the first quarter. Deutsche Bank AG now owns 20,423 shares of the transportation company's stock worth $405,000 after purchasing an additional 2,398,757 shares during the period. Marshall Wace LLP grew its stake in ZTO Express (Cayman) by 831.6% during the fourth quarter. Marshall Wace LLP now owns 1,168,821 shares of the transportation company's stock worth $22,850,000 after purchasing an additional 1,043,359 shares during the period. Canada Pension Plan Investment Board bought a new position in ZTO Express (Cayman) in the first quarter worth approximately $13,950,000. XY Capital Ltd boosted its holdings in ZTO Express (Cayman) by 162.4% in the first quarter. XY Capital Ltd now owns 1,041,263 shares of the transportation company's stock worth $20,659,000 after acquiring an additional 644,390 shares in the last quarter. Finally, WFM ASIA BVI Ltd acquired a new stake in ZTO Express (Cayman) in the 4th quarter valued at $11,364,000. Institutional investors and hedge funds own 41.65% of the company's stock.
ZTO Express (Cayman) Company Profile
(
Get Free Report)
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.
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