ZTO Express (Cayman) (NYSE:ZTO) Given New $31.00 Price Target at Sanford C. Bernstein

ZTO Express (Cayman) (NYSE:ZTO) had its price objective trimmed by Sanford C. Bernstein from $36.00 to $31.00 in a research note released on Wednesday, FlyOnTheWall reports.

Several other equities analysts also recently commented on ZTO. StockNews.com raised shares of ZTO Express (Cayman) from a hold rating to a buy rating in a research report on Wednesday. Bank of America raised their price target on ZTO Express (Cayman) from $36.00 to $39.00 in a research report on Thursday, May 18th. Four research analysts have rated the stock with a buy rating, According to MarketBeat.com, ZTO Express (Cayman) has a consensus rating of Buy and an average target price of $34.60.

ZTO Express (Cayman) Trading Down 2.0 %

NYSE ZTO opened at $24.50 on Wednesday. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $14.92 billion, a PE ratio of 18.28, a price-to-earnings-growth ratio of 1.02 and a beta of 0.03. ZTO Express has a 1-year low of $16.27 and a 1-year high of $30.05. The firm’s fifty day simple moving average is $25.80 and its 200-day simple moving average is $26.74.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. E Fund Management Hong Kong Co. Ltd. increased its stake in ZTO Express (Cayman) by 136.0% during the first quarter. E Fund Management Hong Kong Co. Ltd. now owns 254,840 shares of the transportation company’s stock valued at $6,470,000 after acquiring an additional 146,838 shares during the period. Bank of New York Mellon Corp boosted its stake in ZTO Express (Cayman) by 3.3% during the first quarter. Bank of New York Mellon Corp now owns 415,473 shares of the transportation company’s stock worth $10,387,000 after buying an additional 13,333 shares in the last quarter. HAP Trading LLC bought a new stake in ZTO Express (Cayman) in the 1st quarter valued at $413,000. Sei Investments Co. raised its stake in shares of ZTO Express (Cayman) by 753.5% in the 1st quarter. Sei Investments Co. now owns 69,896 shares of the transportation company’s stock valued at $1,762,000 after buying an additional 61,707 shares in the last quarter. Finally, Canada Pension Plan Investment Board lifted its holdings in shares of ZTO Express (Cayman) by 116.2% during the 1st quarter. Canada Pension Plan Investment Board now owns 839,600 shares of the transportation company’s stock worth $20,990,000 after acquiring an additional 451,200 shares during the period. Institutional investors and hedge funds own 41.68% of the company’s stock.

About ZTO Express (Cayman)

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.