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

Shares of ZTO Express (Cayman) Inc. (NYSE:ZTOGet Free Report) 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.

Read Our Latest Report on ZTO Express (Cayman)

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

(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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Analyst Recommendations for ZTO Express (Cayman) (NYSE:ZTO)

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