ZTO Express (Cayman) (NYSE:ZTO) Shares Gap Up - Still a Buy?

ZTO Express (Cayman) Inc. (NYSE:ZTO - Get Free Report)'s stock price 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

Several analysts recently issued reports on ZTO shares. Citigroup cut their target price on ZTO Express (Cayman) from $26.40 to $22.60 and set a "buy" rating for the company in a research report on Thursday, May 22nd. Bank of America cut ZTO Express (Cayman) from a "buy" rating to a "neutral" rating and cut their price target for the company from $24.00 to $19.00 in a report on Thursday, May 22nd. HSBC upgraded 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. Hsbc Global Res upgraded ZTO Express (Cayman) from a "hold" rating to a "strong-buy" rating in a report on Monday, April 14th. Finally, Wall Street Zen cut ZTO Express (Cayman) from a "buy" rating to a "hold" rating in a report on Saturday, May 24th. Two equities research 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 company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $21.76.

ZTO Express (Cayman) Stock Performance

The stock has a market cap of $11.37 billion, a PE ratio of 12.03, a PEG ratio of 2.78 and a beta of -0.18. The stock has a fifty day moving average price of $17.78 and a 200 day moving average price of $18.72.

Hedge Funds Weigh In On ZTO Express (Cayman)

A number of institutional investors and hedge funds have recently modified their holdings of ZTO. UMB Bank n.a. boosted its holdings in shares of 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 during the period. First Horizon Advisors Inc. boosted 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 worth $42,000 after purchasing an additional 884 shares during the period. Brooklyn Investment Group boosted its holdings in shares of ZTO Express (Cayman) by 443,600.0% in the 1st quarter. Brooklyn Investment Group now owns 4,437 shares of the transportation company's stock worth $88,000 after purchasing an additional 4,436 shares during the period. U S Global Investors Inc. boosted its holdings in shares of ZTO Express (Cayman) by 47.0% in the 1st quarter. U S Global Investors Inc. now owns 10,101 shares of the transportation company's stock worth $200,000 after purchasing an additional 3,229 shares during the period. Finally, One Wealth Advisors LLC boosted its holdings in shares of ZTO Express (Cayman) by 6.6% in the 2nd quarter. One Wealth Advisors LLC now owns 12,741 shares of the transportation company's stock worth $226,000 after purchasing an additional 790 shares during the period. 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.