Brokerages Set ZTO Express (Cayman) Inc. (NYSE:ZTO) Target Price at $24.53

Shares of ZTO Express (Cayman) Inc. (NYSE:ZTO) have been assigned an average rating of “Hold” from the five research firms that are covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is $24.53.

Several equities research analysts recently issued reports on ZTO shares. HSBC cut shares of ZTO Express (Cayman) from a “buy” rating to a “hold” rating and dropped their target price for the stock from $28.00 to $20.00 in a report on Tuesday, January 21st. StockNews.com upgraded shares of ZTO Express (Cayman) from a “hold” rating to a “buy” rating in a research note on Tuesday, January 14th. Finally, Hsbc Global Res cut shares of ZTO Express (Cayman) from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 21st.

Institutional Trading of ZTO Express (Cayman)

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of ZTO Express (Cayman) in the 3rd quarter worth about $8,723,000. Fisher Asset Management LLC increased its holdings in shares of ZTO Express (Cayman) by 10.0% in the 3rd quarter. Fisher Asset Management LLC now owns 3,484,318 shares of the transportation company’s stock worth $86,307,000 after buying an additional 317,450 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of ZTO Express (Cayman) by 112.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 187,114 shares of the transportation company’s stock worth $4,635,000 after buying an additional 98,877 shares during the last quarter. Point72 Asset Management L.P. bought a new stake in shares of ZTO Express (Cayman) in the 3rd quarter worth about $12,407,000. Finally, Confluence Investment Management LLC increased its holdings in shares of ZTO Express (Cayman) by 14.8% in the 4th quarter. Confluence Investment Management LLC now owns 10,282 shares of the transportation company’s stock worth $201,000 after buying an additional 1,326 shares during the last quarter. 41.65% of the stock is currently owned by institutional investors.

ZTO Express (Cayman) Stock Up 3.0 %

NYSE:ZTO opened at $19.99 on Friday. The company’s 50 day moving average price is $19.34 and its 200-day moving average price is $20.98. ZTO Express has a 52 week low of $17.89 and a 52 week high of $27.50. The stock has a market cap of $12.08 billion, a price-to-earnings ratio of 13.78, a PEG ratio of 1.03 and a beta of -0.13.

ZTO Express (Cayman) Company Profile

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.