ZTO Express (Cayman) (NYSE:ZTO) Shares Gap Up to $19.80

ZTO Express (Cayman) Inc. (NYSE:ZTO - Get Free Report) shares gapped up prior to trading on Wednesday . The stock had previously closed at $19.80, but opened at $20.41. ZTO Express (Cayman) shares last traded at $20.69, with a volume of 245,948 shares changing hands.

Analysts Set New Price Targets

A number of research firms have recently commented on ZTO. Macquarie cut ZTO Express (Cayman) from an "outperform" rating to a "neutral" rating and set a $21.20 price target for the company. in a report on Wednesday, June 26th. Bank of America boosted their target price on ZTO Express (Cayman) from $25.20 to $26.90 and gave the stock a "buy" rating in a research note on Monday, June 17th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, ZTO Express (Cayman) currently has a consensus rating of "Moderate Buy" and an average target price of $28.18.

ZTO Express (Cayman) Stock Performance

The company has a market cap of $12.75 billion, a price-to-earnings ratio of 14.80, a P/E/G ratio of 0.92 and a beta of -0.12. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.15 and a current ratio of 1.15. The company has a fifty day moving average of $20.26 and a two-hundred day moving average of $20.73.

ZTO Express (Cayman) Announces Dividend

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

Institutional Investors Weigh In On ZTO Express (Cayman)

Hedge funds have recently added to or reduced their stakes in the business. EntryPoint Capital LLC acquired a new position in ZTO Express (Cayman) during the 1st quarter worth about $43,000. First Horizon Advisors Inc. bought a new position in shares of ZTO Express (Cayman) during the second quarter worth about $45,000. Barometer Capital Management Inc. acquired a new position in shares of ZTO Express (Cayman) in the fourth quarter worth approximately $126,000. Mendota Financial Group LLC bought a new stake in ZTO Express (Cayman) in the second quarter valued at approximately $167,000. Finally, U S Global Investors Inc. increased its position in ZTO Express (Cayman) by 32.8% during the 1st quarter. U S Global Investors Inc. now owns 8,815 shares of the transportation company's stock valued at $185,000 after purchasing an additional 2,179 shares during the period. 41.65% of the stock is currently owned by institutional investors and hedge funds.

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.