ZTO Express (Cayman)’s (ZTO) “Hold (C)” Rating Reiterated at Weiss Ratings

Weiss Ratings reissued their hold (c) rating on shares of ZTO Express (Cayman) (NYSE:ZTO) in a report released on Friday morning,Weiss Ratings reports.

ZTO has been the topic of several other reports. Zacks Research raised shares of ZTO Express (Cayman) from a “strong sell” rating to a “hold” rating in a report on Thursday, September 25th. Bank of America upped their price objective on shares of ZTO Express (Cayman) from $19.00 to $22.00 and gave the company a “neutral” rating in a report on Wednesday, August 20th. Finally, Morgan Stanley set a $24.20 price objective on shares of ZTO Express (Cayman) in a report on Wednesday, July 2nd. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $22.36.

ZTO Express (Cayman) Stock Up 0.2%

NYSE ZTO opened at $19.19 on Friday. The company has a market cap of $11.48 billion, a PE ratio of 12.96, a price-to-earnings-growth ratio of 7.51 and a beta of -0.18. ZTO Express has a 52 week low of $16.34 and a 52 week high of $24.73. The firm’s 50-day simple moving average is $18.96 and its two-hundred day simple moving average is $18.66.

ZTO Express (Cayman) Cuts Dividend

The business also recently declared a semi-annual dividend, which will be paid on Friday, October 31st. Stockholders of record on Tuesday, September 30th will be given a dividend of $0.29 per share. The ex-dividend date is Tuesday, September 30th. This represents a dividend yield of 312.0%. ZTO Express (Cayman)’s dividend payout ratio is currently 39.19%.

Institutional Investors Weigh In On ZTO Express (Cayman)

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Todd Asset Management LLC increased its position in shares of ZTO Express (Cayman) by 0.7% during the first quarter. Todd Asset Management LLC now owns 1,354,716 shares of the transportation company’s stock valued at $26,878,000 after buying an additional 9,133 shares during the period. XY Capital Ltd increased its position in shares of ZTO Express (Cayman) by 162.4% in the first quarter. XY Capital Ltd now owns 1,041,263 shares of the transportation company’s stock worth $20,659,000 after purchasing an additional 644,390 shares during the last quarter. Mackenzie Financial Corp bought a new position in shares of ZTO Express (Cayman) in the second quarter worth approximately $12,604,000. Canada Pension Plan Investment Board bought a new position in shares of ZTO Express (Cayman) in the first quarter worth approximately $13,950,000. Finally, Hhlr Advisors LTD. increased its position in shares of ZTO Express (Cayman) by 54.0% in the first quarter. Hhlr Advisors LTD. now owns 671,387 shares of the transportation company’s stock worth $13,320,000 after purchasing an additional 235,460 shares during the last quarter. 41.65% of the stock is currently owned by institutional investors.

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.