Brokerages Set ZTO Express (Cayman) Inc. (NYSE:ZTO) Target Price at $24.53

Shares of ZTO Express (Cayman) Inc. (NYSE:ZTO) have earned a consensus recommendation of “Hold” from the five analysts that are covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $24.53.

ZTO has been the topic of several research analyst reports. Hsbc Global Res cut shares of ZTO Express (Cayman) from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 21st. StockNews.com lowered shares of ZTO Express (Cayman) from a “buy” rating to a “hold” rating in a report on Tuesday. Finally, HSBC downgraded ZTO Express (Cayman) from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $28.00 to $20.00 in a report on Tuesday, January 21st.

ZTO Express (Cayman) Stock Up 2.9 %

ZTO stock opened at $21.33 on Friday. The stock has a market capitalization of $12.89 billion, a price-to-earnings ratio of 14.71, a price-to-earnings-growth ratio of 1.03 and a beta of -0.13. ZTO Express has a 52-week low of $17.89 and a 52-week high of $27.50. The stock’s fifty day simple moving average is $19.43 and its 200-day simple moving average is $20.98.

ZTO Express (Cayman) (NYSE:ZTO) last issued its quarterly earnings results on Tuesday, March 18th. The transportation company reported $0.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.03). ZTO Express (Cayman) had a return on equity of 15.44% and a net margin of 20.56%. As a group, analysts anticipate that ZTO Express will post 1.57 earnings per share for the current fiscal year.

Institutional Investors Weigh In On ZTO Express (Cayman)

Several institutional investors have recently bought and sold shares of the business. Cerity Partners LLC lifted its holdings in shares of ZTO Express (Cayman) by 3.7% during the 3rd quarter. Cerity Partners LLC now owns 18,913 shares of the transportation company’s stock valued at $468,000 after acquiring an additional 674 shares in the last quarter. Van ECK Associates Corp raised its position in ZTO Express (Cayman) by 60.8% in the third 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. Natixis Advisors LLC lifted its stake in shares of ZTO Express (Cayman) by 1.4% during the fourth quarter. Natixis Advisors LLC now owns 64,943 shares of the transportation company’s stock worth $1,270,000 after purchasing an additional 918 shares in the last quarter. Fox Run Management L.L.C. boosted its position in shares of ZTO Express (Cayman) by 7.5% in the fourth quarter. Fox Run Management L.L.C. now owns 14,069 shares of the transportation company’s stock worth $275,000 after buying an additional 980 shares during the period. Finally, Point72 DIFC Ltd acquired a new stake in shares of ZTO Express (Cayman) in the third quarter valued at about $26,000. 41.65% of the stock is currently owned by hedge funds and other institutional investors.

ZTO Express (Cayman) Company Profile

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.