ZTO Express (Cayman) Inc. (NYSE:ZTO) Given Average Rating of “Moderate Buy” by Analysts

ZTO Express (Cayman) Inc. (NYSE:ZTO) has earned a consensus recommendation of “Moderate Buy” from the six brokerages that are covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $27.0333.

ZTO has been the subject of several research analyst reports. JPMorgan Chase & Co. upped their price target on ZTO Express (Cayman) from $25.00 to $29.00 and gave the stock an “overweight” rating in a research note on Monday, April 13th. Wall Street Zen raised ZTO Express (Cayman) from a “hold” rating to a “buy” rating in a research note on Saturday, April 11th. Zacks Research cut ZTO Express (Cayman) from a “strong-buy” rating to a “hold” rating in a report on Friday, May 29th. Weiss Ratings cut ZTO Express (Cayman) from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, May 20th. Finally, Morgan Stanley reissued an “overweight” rating and set a $30.10 target price on shares of ZTO Express (Cayman) in a research report on Wednesday, May 20th.

Hedge Funds Weigh In On ZTO Express (Cayman)

Hedge funds have recently made changes to their positions in the business. Capitolis Liquid Global Markets LLC acquired a new position in shares of ZTO Express (Cayman) during the 3rd quarter valued at $25,672,000. Arrowstreet Capital Limited Partnership increased its holdings in ZTO Express (Cayman) by 1,506.9% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 920,352 shares of the transportation company’s stock valued at $23,165,000 after purchasing an additional 863,078 shares in the last quarter. Crossmark Global Holdings Inc. raised its position in ZTO Express (Cayman) by 2,573.3% in the third quarter. Crossmark Global Holdings Inc. now owns 612,738 shares of the transportation company’s stock valued at $11,765,000 after purchasing an additional 589,817 shares during the period. Renaissance Technologies LLC raised its position in ZTO Express (Cayman) by 400.2% in the first quarter. Renaissance Technologies LLC now owns 618,800 shares of the transportation company’s stock valued at $15,575,000 after purchasing an additional 495,100 shares during the period. Finally, Todd Asset Management LLC lifted its stake in shares of ZTO Express (Cayman) by 17.8% during the fourth quarter. Todd Asset Management LLC now owns 1,697,019 shares of the transportation company’s stock worth $35,451,000 after purchasing an additional 257,021 shares in the last quarter. Hedge funds and other institutional investors own 41.65% of the company’s stock.

ZTO Express (Cayman) Trading Up 1.9%

ZTO stock opened at $22.80 on Thursday. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 0.16. The company has a market cap of $12.85 billion, a price-to-earnings ratio of 13.98, a PEG ratio of 0.85 and a beta of -0.22. The business has a fifty day simple moving average of $23.40 and a 200-day simple moving average of $23.34. ZTO Express has a 52 week low of $17.39 and a 52 week high of $26.20.

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.