ZTO Express (Cayman) Inc. (NYSE:ZTO) Receives Average Recommendation of “Hold” from Analysts

ZTO Express (Cayman) Inc. (NYSE:ZTO) has been assigned a consensus recommendation of “Hold” from the five ratings firms that are currently covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $24.53.

ZTO has been the topic of a number of recent research reports. StockNews.com upgraded ZTO Express (Cayman) from a “hold” rating to a “buy” rating in a research report on Tuesday, January 14th. JPMorgan Chase & Co. began coverage on ZTO Express (Cayman) in a research report on Wednesday, October 30th. They issued an “overweight” rating and a $30.00 price target on the stock. Hsbc Global Res lowered ZTO Express (Cayman) from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 21st. Finally, HSBC lowered ZTO Express (Cayman) from a “buy” rating to a “hold” rating and reduced their price target for the stock from $28.00 to $20.00 in a research report on Tuesday, January 21st.

Institutional Trading of ZTO Express (Cayman)

Hedge funds and other institutional investors have recently modified their holdings of the company. Point72 DIFC Ltd acquired a new stake in shares of ZTO Express (Cayman) in the 3rd quarter valued at about $26,000. Van ECK Associates Corp raised its stake in shares of ZTO Express (Cayman) by 60.8% in the 3rd quarter. Van ECK Associates Corp now owns 1,825 shares of the transportation company’s stock valued at $46,000 after purchasing an additional 690 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of ZTO Express (Cayman) in the 3rd quarter valued at about $46,000. Blue Trust Inc. raised its stake in shares of ZTO Express (Cayman) by 210.0% in the 3rd quarter. Blue Trust Inc. now owns 2,303 shares of the transportation company’s stock valued at $57,000 after purchasing an additional 1,560 shares during the period. Finally, Confluence Investment Management LLC acquired a new stake in shares of ZTO Express (Cayman) in the 3rd quarter valued at about $222,000. Institutional investors and hedge funds own 41.65% of the company’s stock.

ZTO Express (Cayman) Stock Performance

Shares of ZTO opened at $18.58 on Thursday. The firm has a market capitalization of $11.23 billion, a price-to-earnings ratio of 12.82, a PEG ratio of 0.94 and a beta of -0.15. The business’s fifty day moving average price is $19.13 and its two-hundred day moving average price is $21.01. ZTO Express has a 52 week low of $15.90 and a 52 week high of $27.50.

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.