ZTO Express (Cayman) Inc. (NYSE:ZTO) Receives $28.18 Consensus Target Price from Analysts

ZTO Express (Cayman) Inc. (NYSE:ZTO - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the five brokerages that are covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $28.18.

Several research firms have issued reports on ZTO. Macquarie downgraded ZTO Express (Cayman) from an "outperform" rating to a "neutral" rating and set a $21.20 target price on the stock. in a research report on Wednesday, June 26th. Bank of America increased their price objective on ZTO Express (Cayman) from $25.20 to $26.90 and gave the stock a "buy" rating in a report on Monday, June 17th.

Hedge Funds Weigh In On ZTO Express (Cayman)

A number of institutional investors have recently added to or reduced their stakes in ZTO. Platinum Investment Management Ltd. grew its holdings in shares of ZTO Express (Cayman) by 22.0% during the first quarter. Platinum Investment Management Ltd. now owns 17,428,610 shares of the transportation company's stock worth $364,955,000 after purchasing an additional 3,140,733 shares in the last quarter. Green Court Capital Management Ltd increased its holdings in shares of ZTO Express (Cayman) by 19.1% in the 4th quarter. Green Court Capital Management Ltd now owns 10,014,230 shares of the transportation company's stock worth $213,103,000 after buying an additional 1,607,986 shares during the last quarter. Capital Research Global Investors raised its position in shares of ZTO Express (Cayman) by 2.5% during the 1st quarter. Capital Research Global Investors now owns 8,038,533 shares of the transportation company's stock valued at $168,327,000 after buying an additional 199,464 shares in the last quarter. Pzena Investment Management LLC raised its position in shares of ZTO Express (Cayman) by 1.2% during the 2nd quarter. Pzena Investment Management LLC now owns 5,960,272 shares of the transportation company's stock valued at $123,676,000 after buying an additional 70,527 shares in the last quarter. Finally, Tiger Pacific Capital LP lifted its holdings in shares of ZTO Express (Cayman) by 9.2% during the 4th quarter. Tiger Pacific Capital LP now owns 5,091,396 shares of the transportation company's stock worth $108,345,000 after acquiring an additional 428,235 shares during the last quarter. 41.65% of the stock is currently owned by institutional investors.

ZTO Express (Cayman) Stock Performance

Shares of NYSE ZTO traded down $0.40 during midday trading on Friday, hitting $20.58. The company's stock had a trading volume of 1,901,055 shares, compared to its average volume of 3,643,524. The stock has a fifty day moving average price of $20.23 and a 200 day moving average price of $20.73. The firm has a market capitalization of $12.49 billion, a price-to-earnings ratio of 14.49, a P/E/G ratio of 0.92 and a beta of -0.12. ZTO Express has a one year low of $15.90 and a one year high of $25.90. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.12.

ZTO Express (Cayman) Dividend Announcement

The firm also recently disclosed a Semi-Annual dividend, which will be paid on Thursday, October 17th. Investors of record on Tuesday, September 10th will be paid a dividend of $0.35 per share. The ex-dividend date is Tuesday, September 10th. ZTO Express (Cayman)'s dividend payout ratio is 42.96%.

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.