ZTO Express (Cayman) (NYSE:ZTO) Given New $29.00 Price Target at JPMorgan Chase & Co.

ZTO Express (Cayman) (NYSE:ZTO) had its price objective boosted by JPMorgan Chase & Co. from $25.00 to $29.00 in a report released on Monday morning,Benzinga reports. The firm currently has an overweight rating on the transportation company’s stock.

Other equities research analysts have also issued research reports about the company. Weiss Ratings restated a “hold (c)” rating on shares of ZTO Express (Cayman) in a research report on Friday, March 27th. Wall Street Zen upgraded ZTO Express (Cayman) from a “hold” rating to a “buy” rating in a research report on Saturday. Macquarie Infrastructure upgraded ZTO Express (Cayman) from a “hold” rating to a “strong-buy” rating in a research report on Sunday, February 8th. Finally, Zacks Research lowered ZTO Express (Cayman) from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 7th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $24.45.

ZTO Express (Cayman) Trading Up 1.4%

ZTO Express (Cayman) stock opened at $25.11 on Monday. ZTO Express has a 12 month low of $16.68 and a 12 month high of $26.20. The stock’s 50 day simple moving average is $24.32 and its two-hundred day simple moving average is $21.75. The firm has a market cap of $14.16 billion, a PE ratio of 15.89, a P/E/G ratio of 1.26 and a beta of -0.17.

ZTO Express (Cayman) (NYSE:ZTO) last released its quarterly earnings data on Saturday, February 14th. The transportation company reported $0.47 EPS for the quarter. ZTO Express (Cayman) had a return on equity of 14.05% and a net margin of 18.50%.The business had revenue of $2.07 billion for the quarter. On average, equities research analysts forecast that ZTO Express will post 1.57 EPS for the current year.

ZTO Express (Cayman) Announces Dividend

The firm also recently announced a dividend, which will be paid on Wednesday, April 29th. Stockholders of record on Wednesday, April 8th will be given a dividend of $0.39 per share. The ex-dividend date is Wednesday, April 8th. This represents a dividend yield of 318.0%. ZTO Express (Cayman)’s dividend payout ratio (DPR) is 48.10%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in ZTO. Capitolis Liquid Global Markets LLC purchased a new position in shares of ZTO Express (Cayman) during the 3rd quarter valued at approximately $25,672,000. Crossmark Global Holdings Inc. lifted its position in shares of ZTO Express (Cayman) by 2,573.3% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 612,738 shares of the transportation company’s stock valued at $11,765,000 after buying an additional 589,817 shares in the last quarter. Pzena Investment Management LLC lifted its position in shares of ZTO Express (Cayman) by 4.9% during the 3rd quarter. Pzena Investment Management LLC now owns 7,999,407 shares of the transportation company’s stock valued at $153,589,000 after buying an additional 376,179 shares in the last quarter. Todd Asset Management LLC raised its stake in ZTO Express (Cayman) by 17.8% in the 4th quarter. Todd Asset Management LLC now owns 1,697,019 shares of the transportation company’s stock valued at $35,451,000 after purchasing an additional 257,021 shares during the last quarter. Finally, OPTIMAS CAPITAL Ltd acquired a new position in ZTO Express (Cayman) in the 4th quarter valued at $4,005,000. Hedge funds and other institutional investors own 41.65% of the company’s stock.

ZTO Express (Cayman) Company Profile

ZTO Express (Cayman) Inc is one of China’s leading express delivery companies, specializing in both domestic and cross-border parcel logistics. The company operates a technology-enabled network that connects shippers, independent pickup and delivery stations, regional sorting hubs and end customers. ZTO’s service portfolio includes standard express, heavy-weight parcel delivery, time-definite shipments and e-commerce logistics solutions tailored for online retailers and marketplaces.

Founded in 2002 and headquartered in Shanghai, ZTO has grown rapidly by leveraging a franchise-style operating model that engages a broad network of independent contractors.