Shares of ZTO Express (Cayman) Inc (NYSE:ZTO) have been assigned an average rating of “Hold” from the seven brokerages that are presently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating on the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $16.08.

ZTO has been the topic of a number of recent analyst reports. Daiwa Capital Markets initiated coverage on ZTO Express (Cayman) in a research note on Thursday, November 2nd. They issued a “buy” rating and a $18.50 price objective on the stock. Zacks Investment Research raised ZTO Express (Cayman) from a “sell” rating to a “hold” rating in a research note on Tuesday, September 5th. UBS downgraded ZTO Express (Cayman) from a “buy” rating to a “neutral” rating in a research note on Friday, November 24th. Finally, Macquarie initiated coverage on ZTO Express (Cayman) in a research note on Tuesday, September 19th. They issued an “outperform” rating and a $17.30 price objective on the stock.

Shares of ZTO Express (NYSE ZTO) traded up $0.25 during mid-day trading on Thursday, hitting $16.02. The company had a trading volume of 6,594,716 shares, compared to its average volume of 2,483,172. ZTO Express has a 1-year low of $11.14 and a 1-year high of $18.08. The company has a market cap of $8,200.03, a P/E ratio of 28.38 and a beta of 0.10.

A number of hedge funds and other institutional investors have recently modified their holdings of ZTO. Bank of America Corp DE increased its position in ZTO Express (Cayman) by 121.3% in the 1st quarter. Bank of America Corp DE now owns 206,125 shares of the transportation company’s stock worth $2,698,000 after buying an additional 112,971 shares during the period. Credit Suisse AG bought a new position in ZTO Express (Cayman) in the 1st quarter worth approximately $650,000. Goldman Sachs Group Inc. increased its position in ZTO Express (Cayman) by 49.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 90,159 shares of the transportation company’s stock worth $1,180,000 after buying an additional 29,732 shares during the period. Great West Life Assurance Co. Can increased its position in ZTO Express (Cayman) by 1.2% in the 2nd quarter. Great West Life Assurance Co. Can now owns 10,123 shares of the transportation company’s stock worth $141,000 after buying an additional 123 shares during the period. Finally, Sei Investments Co. increased its position in ZTO Express (Cayman) by 117.7% in the 2nd quarter. Sei Investments Co. now owns 26,517 shares of the transportation company’s stock worth $370,000 after buying an additional 14,337 shares during the period. 23.67% of the stock is currently owned by institutional investors.

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ZTO Express (Cayman) Company Profile

ZTO Express (Cayman) Inc is an express delivery company in China. The Company provides express delivery service through its nationwide network, as well as other value-added logistics services. The Company provides its services for a range of online merchants and consumers transacting on the Chinese e-commerce platforms, such as Alibaba and JD.com.

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