ZTO Express (Cayman) Inc. (NYSE:ZTO) Receives $22.36 Average Price Target from Analysts

ZTO Express (Cayman) Inc. (NYSE:ZTO) has earned an average rating of “Buy” from the five brokerages that are covering the stock, Marketbeat reports. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $22.36.

A number of equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. raised ZTO Express (Cayman) from a “neutral” rating to an “overweight” rating and cut their price target for the stock from $23.00 to $21.00 in a research note on Thursday, May 29th. Morgan Stanley set a $24.20 price target on ZTO Express (Cayman) in a research note on Wednesday, July 2nd. Wall Street Zen downgraded ZTO Express (Cayman) from a “buy” rating to a “hold” rating in a research note on Saturday, May 24th. Bank of America raised their price target on ZTO Express (Cayman) from $19.00 to $22.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 20th. Finally, Citigroup cut their price target on ZTO Express (Cayman) from $26.40 to $22.60 and set a “buy” rating for the company in a research note on Thursday, May 22nd.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. UMB Bank n.a. increased its position in 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 buying an additional 664 shares during the period. Smartleaf Asset Management LLC grew its holdings in shares of ZTO Express (Cayman) by 61.4% during the 2nd quarter. Smartleaf Asset Management LLC now owns 2,021 shares of the transportation company’s stock worth $36,000 after purchasing an additional 769 shares in the last quarter. First Horizon Advisors Inc. grew its holdings in shares of ZTO Express (Cayman) by 70.8% during the 1st quarter. First Horizon Advisors Inc. now owns 2,132 shares of the transportation company’s stock worth $42,000 after purchasing an additional 884 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of ZTO Express (Cayman) by 156.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,489 shares of the transportation company’s stock worth $62,000 after purchasing an additional 2,127 shares in the last quarter. Finally, Hantz Financial Services Inc. grew its holdings in shares of ZTO Express (Cayman) by 986.2% during the 2nd quarter. Hantz Financial Services Inc. now owns 3,856 shares of the transportation company’s stock worth $68,000 after purchasing an additional 3,501 shares in the last quarter. 41.65% of the stock is owned by institutional investors.

ZTO Express (Cayman) Trading Up 1.0%

Shares of NYSE ZTO opened at $18.36 on Friday. ZTO Express has a one year low of $16.34 and a one year high of $27.50. The firm has a market capitalization of $10.99 billion, a PE ratio of 12.41, a PEG ratio of 12.16 and a beta of -0.15. The business has a 50-day moving average price of $19.10 and a two-hundred day moving average price of $18.81.

ZTO Express (Cayman) Cuts Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Friday, October 31st. Investors of record on Tuesday, September 30th will be paid a $0.29 dividend. This represents a dividend yield of 330.0%. The ex-dividend date of this dividend is Tuesday, September 30th. ZTO Express (Cayman)’s dividend payout ratio (DPR) is presently 45.95%.

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.