ZTO Express (Cayman) (NYSE:ZTO) Price Target Lowered to $34.00 at Bank of America

ZTO Express (Cayman) (NYSE:ZTO) had its price target cut by Bank of America from $39.00 to $34.00 in a research note published on Wednesday, FlyOnTheWall reports.

A number of other equities analysts have also issued reports on ZTO. Sanford C. Bernstein decreased their price objective on ZTO Express (Cayman) from $36.00 to $31.00 in a report on Wednesday. Citigroup dropped their price target on ZTO Express (Cayman) from $36.50 to $30.00 in a research report on Wednesday. Finally, StockNews.com upgraded ZTO Express (Cayman) from a hold rating to a buy rating in a research note on Wednesday. Four research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has a consensus rating of Buy and a consensus price target of $34.60.

ZTO Express (Cayman) Price Performance

Shares of ZTO stock opened at $24.50 on Wednesday. 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. The firm has a fifty day simple moving average of $25.80 and a 200-day simple moving average of $26.74. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.13. ZTO Express has a twelve month low of $16.27 and a twelve month high of $30.05.

Hedge Funds Weigh In On ZTO Express (Cayman)

A number of hedge funds and other institutional investors have recently bought and sold shares of ZTO. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its holdings in shares of ZTO Express (Cayman) by 6.0% during the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 189,806 shares of the transportation company’s stock worth $5,440,000 after acquiring an additional 10,700 shares during the period. Aigen Investment Management LP raised its position in shares of ZTO Express (Cayman) by 8.4% in the fourth quarter. Aigen Investment Management LP now owns 14,757 shares of the transportation company’s stock valued at $397,000 after buying an additional 1,140 shares in the last quarter. Handelsbanken Fonder AB raised its position in shares of ZTO Express (Cayman) by 2.4% in the first quarter. Handelsbanken Fonder AB now owns 244,732 shares of the transportation company’s stock valued at $7,014,000 after buying an additional 5,681 shares in the last quarter. New Silk Road Investment PTE Ltd. raised its position in ZTO Express (Cayman) by 9.3% during the first quarter. New Silk Road Investment PTE Ltd. now owns 175,431 shares of the transportation company’s stock valued at $5,028,000 after purchasing an additional 15,000 shares in the last quarter. Finally, Citigroup Inc. raised its position in ZTO Express (Cayman) by 59.8% during the fourth quarter. Citigroup Inc. now owns 2,378,287 shares of the transportation company’s stock valued at $63,905,000 after purchasing an additional 889,913 shares in the last quarter. Institutional investors 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.