ZTO Express (Cayman) Inc. (NYSE:ZTO) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of ZTO Express (Cayman) Inc. (NYSE:ZTO) have received an average recommendation of “Moderate Buy” from the six research firms that are currently covering the company, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $27.0333.

A number of research firms have recently issued reports on ZTO. Weiss Ratings lowered shares of ZTO Express (Cayman) from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, May 20th. JPMorgan Chase & Co. upped their target price on shares of ZTO Express (Cayman) from $25.00 to $29.00 and gave the company an “overweight” rating in a research note on Monday, April 13th. Morgan Stanley reaffirmed an “overweight” rating and set a $30.10 price target on shares of ZTO Express (Cayman) in a report on Wednesday, May 20th. Wall Street Zen raised shares of ZTO Express (Cayman) from a “hold” rating to a “buy” rating in a research note on Saturday, April 11th. Finally, Zacks Research downgraded shares of ZTO Express (Cayman) from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 29th.

Institutional Trading of ZTO Express (Cayman)

Several large investors have recently modified their holdings of the business. Capitolis Liquid Global Markets LLC purchased a new stake in shares of ZTO Express (Cayman) during the third quarter worth about $25,672,000. Arrowstreet Capital Limited Partnership boosted its holdings in ZTO Express (Cayman) by 1,506.9% in the first quarter. Arrowstreet Capital Limited Partnership now owns 920,352 shares of the transportation company’s stock valued at $23,165,000 after purchasing an additional 863,078 shares during the last quarter. Crossmark Global Holdings Inc. boosted its holdings in ZTO Express (Cayman) by 2,573.3% in the third quarter. Crossmark Global Holdings Inc. now owns 612,738 shares of the transportation company’s stock valued at $11,765,000 after purchasing an additional 589,817 shares during the last quarter. Renaissance Technologies LLC grew its stake in ZTO Express (Cayman) by 400.2% during the 1st quarter. Renaissance Technologies LLC now owns 618,800 shares of the transportation company’s stock valued at $15,575,000 after purchasing an additional 495,100 shares in the last quarter. Finally, Todd Asset Management LLC grew its stake in ZTO Express (Cayman) by 17.8% during the 4th quarter. Todd Asset Management LLC now owns 1,697,019 shares of the transportation company’s stock valued at $35,451,000 after purchasing an additional 257,021 shares in the last quarter. 41.65% of the stock is currently owned by institutional investors and hedge funds.

ZTO Express (Cayman) Stock Performance

ZTO Express (Cayman) stock opened at $22.80 on Thursday. The stock’s 50 day moving average price is $23.40 and its 200 day moving average price is $23.34. The firm has a market capitalization of $12.85 billion, a PE ratio of 13.98, a price-to-earnings-growth ratio of 0.85 and a beta of -0.22. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.64 and a current ratio of 1.64. ZTO Express has a one year low of $17.39 and a one year high of $26.20.

ZTO Express (Cayman) Company Profile

ZTO Express (Cayman) Inc is one of China’s leading express delivery companies, specializing in both domestic and cross-border parcel logistics. The company operates a technology-enabled network that connects shippers, independent pickup and delivery stations, regional sorting hubs and end customers. ZTO’s service portfolio includes standard express, heavy-weight parcel delivery, time-definite shipments and e-commerce logistics solutions tailored for online retailers and marketplaces.

Founded in 2002 and headquartered in Shanghai, ZTO has grown rapidly by leveraging a franchise-style operating model that engages a broad network of independent contractors.