ZTO Express (Cayman) Inc. (NYSE:ZTO) Receives Average Rating of “Buy” from Brokerages

Shares of ZTO Express (Cayman) Inc. (NYSE:ZTO) have been given a consensus rating of “Buy” by the five ratings firms that are currently covering the company, Marketbeat reports. One analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $21.76.

Several research firms recently commented on ZTO. HSBC raised ZTO Express (Cayman) from a “hold” rating to a “buy” rating and set a $22.00 price objective on the stock in a research report on Monday, April 14th. Bank of America downgraded ZTO Express (Cayman) from a “buy” rating to a “neutral” rating and lowered their target price for the company from $24.00 to $19.00 in a report on Thursday, May 22nd. Morgan Stanley set a $24.20 target price on ZTO Express (Cayman) in a report on Wednesday, July 2nd. Hsbc Global Res raised ZTO Express (Cayman) from a “hold” rating to a “strong-buy” rating in a report on Monday, April 14th. Finally, JPMorgan Chase & Co. raised ZTO Express (Cayman) from a “neutral” rating to an “overweight” rating and lowered their target price for the company from $23.00 to $21.00 in a report on Thursday, May 29th.

ZTO Express (Cayman) Trading Down 0.6%

ZTO opened at $20.60 on Monday. The stock has a fifty day simple moving average of $18.43 and a two-hundred day simple moving average of $18.84. The company has a market cap of $12.33 billion, a price-to-earnings ratio of 13.04, a price-to-earnings-growth ratio of 3.12 and a beta of -0.18. ZTO Express has a 12-month low of $16.34 and a 12-month high of $27.50.

Hedge Funds Weigh In On ZTO Express (Cayman)

A number of large investors have recently bought and sold shares of ZTO. UMB Bank n.a. raised its position in shares of ZTO Express (Cayman) by 106.4% in the 1st quarter. UMB Bank n.a. now owns 1,288 shares of the transportation company’s stock worth $26,000 after acquiring an additional 664 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in shares of ZTO Express (Cayman) by 6.4% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 12,212 shares of the transportation company’s stock worth $242,000 after acquiring an additional 730 shares in the last quarter. One Wealth Advisors LLC raised its position in shares of ZTO Express (Cayman) by 6.6% in the 2nd quarter. One Wealth Advisors LLC now owns 12,741 shares of the transportation company’s stock worth $226,000 after acquiring an additional 790 shares in the last quarter. Bank of Montreal Can raised its position in shares of ZTO Express (Cayman) by 1.0% in the 2nd quarter. Bank of Montreal Can now owns 84,694 shares of the transportation company’s stock worth $1,503,000 after acquiring an additional 812 shares in the last quarter. Finally, First Horizon Advisors Inc. raised its position in shares of ZTO Express (Cayman) by 70.8% in the 1st quarter. First Horizon Advisors Inc. now owns 2,132 shares of the transportation company’s stock worth $42,000 after acquiring an additional 884 shares in the last quarter. Hedge funds and other institutional investors own 41.65% 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.