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

ZTO Express (Cayman) Inc. (NYSE:ZTO) has earned a consensus recommendation of “Buy” from the six ratings firms that are presently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $27.0333.

Several equities research analysts have commented on the stock. JPMorgan Chase & Co. boosted their price target on shares of ZTO Express (Cayman) from $25.00 to $29.00 and gave the stock an “overweight” rating in a research report on Monday, April 13th. 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. Zacks Research upgraded shares of ZTO Express (Cayman) from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 7th. Morgan Stanley reaffirmed an “overweight” rating and issued a $30.10 price objective on shares of ZTO Express (Cayman) in a report on Wednesday, May 20th. Finally, Weiss Ratings downgraded shares of ZTO Express (Cayman) from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, May 20th.

Institutional Investors Weigh In On ZTO Express (Cayman)

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Royal Bank of Canada raised its stake in ZTO Express (Cayman) by 22.9% during the first quarter. Royal Bank of Canada now owns 175,128 shares of the transportation company’s stock worth $3,475,000 after acquiring an additional 32,663 shares in the last quarter. Integrated Wealth Concepts LLC acquired a new stake in shares of ZTO Express (Cayman) in the first quarter valued at about $421,000. Arrowstreet Capital Limited Partnership bought a new position in ZTO Express (Cayman) during the 2nd quarter worth approximately $190,000. EverSource Wealth Advisors LLC lifted its holdings in ZTO Express (Cayman) by 156.2% in the second quarter. EverSource Wealth Advisors LLC now owns 3,489 shares of the transportation company’s stock valued at $62,000 after buying an additional 2,127 shares during the period. Finally, Marshall Wace LLP grew its stake in ZTO Express (Cayman) by 29.3% during the second quarter. Marshall Wace LLP now owns 468,489 shares of the transportation company’s stock worth $8,316,000 after purchasing an additional 106,180 shares during the period. 41.65% of the stock is currently owned by institutional investors.

ZTO Express (Cayman) Stock Up 0.1%

Shares of ZTO Express (Cayman) stock opened at $24.00 on Monday. 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 52-week low of $17.74 and a 52-week high of $26.20. The firm has a market cap of $13.53 billion, a PE ratio of 14.72, a P/E/G ratio of 0.91 and a beta of -0.22. The business’s 50 day simple moving average is $22.92 and its 200 day simple moving average is $23.64.

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.