Brokerages Set ZTO Express (Cayman) Inc. (NYSE:ZTO) Target Price at $27.03

ZTO Express (Cayman) Inc. (NYSE:ZTO) has been assigned a consensus recommendation of “Moderate Buy” from the six research firms that are presently covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $27.0333.

Several equities analysts have issued reports on the stock. Weiss Ratings cut shares of ZTO Express (Cayman) from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, May 20th. Wall Street Zen upgraded shares of ZTO Express (Cayman) from a “hold” rating to a “buy” rating in a research note on Saturday, April 11th. Morgan Stanley reissued an “overweight” rating and set a $30.10 target price on shares of ZTO Express (Cayman) in a research note on Wednesday, May 20th. JPMorgan Chase & Co. lifted their price target 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. Finally, Zacks Research lowered shares of ZTO Express (Cayman) from a “strong-buy” rating to a “hold” rating in a report on Friday, May 29th.

ZTO Express (Cayman) Trading Up 0.9%

Shares of ZTO Express (Cayman) stock opened at $23.23 on Thursday. The firm has a market capitalization of $13.09 billion, a PE ratio of 14.22, a price-to-earnings-growth ratio of 0.88 and a beta of -0.22. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 0.16. The firm’s 50 day moving average is $23.25 and its 200 day moving average is $23.38. ZTO Express has a 1 year low of $17.39 and a 1 year high of $26.20.

Institutional Investors Weigh In On ZTO Express (Cayman)

A number of hedge funds have recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd bought a new stake in shares of ZTO Express (Cayman) during the fourth quarter valued at approximately $25,000. Leonteq Securities AG acquired a new position in shares of ZTO Express (Cayman) during the fourth quarter valued at about $30,000. Atlas Capital Advisors Inc. acquired a new stake in shares of ZTO Express (Cayman) in the 4th quarter worth about $35,000. Smartleaf Asset Management LLC raised its holdings in shares of ZTO Express (Cayman) by 61.4% in the 2nd quarter. Smartleaf Asset Management LLC now owns 2,021 shares of the transportation company’s stock worth $36,000 after acquiring an additional 769 shares during the last quarter. Finally, Assetmark Inc. lifted its position in ZTO Express (Cayman) by 1,713.0% in the 4th quarter. Assetmark Inc. now owns 2,375 shares of the transportation company’s stock valued at $50,000 after acquiring an additional 2,244 shares in the last quarter. Institutional investors and hedge funds own 41.65% of the company’s stock.

About ZTO Express (Cayman)

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.