ZTO Express (Cayman) (NYSE:ZTO) Shares Gap Up to $21.44

ZTO Express (Cayman) Inc. (NYSE:ZTO - Get Free Report) shares gapped up before the market opened on Tuesday . The stock had previously closed at $21.44, but opened at $22.12. ZTO Express (Cayman) shares last traded at $22.10, with a volume of 1,337,119 shares trading hands.

Analysts Set New Price Targets

Several research analysts recently commented on ZTO shares. Bank of America raised their price target on shares of ZTO Express (Cayman) from $25.20 to $26.90 and gave the stock a "buy" rating in a research note on Monday, June 17th. Macquarie lowered shares of 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. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $27.03.

ZTO Express (Cayman) Trading Up 3.3 %

The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.26 and a current ratio of 1.26. The company has a market capitalization of $13.44 billion, a P/E ratio of 15.56, a PEG ratio of 1.00 and a beta of -0.12. The company's fifty day simple moving average is $20.09 and its 200-day simple moving average is $20.95.

ZTO Express (Cayman) Dividend Announcement

The firm also recently disclosed a Semi-Annual 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 is Tuesday, September 10th. This represents a dividend yield of 4.6%. ZTO Express (Cayman)'s dividend payout ratio is presently 47.89%.

Hedge Funds Weigh In On ZTO Express (Cayman)

A number of large investors have recently bought and sold shares of ZTO. Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in ZTO Express (Cayman) by 4.5% during the 2nd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 18,791 shares of the transportation company's stock valued at $390,000 after acquiring an additional 816 shares in the last quarter. DekaBank Deutsche Girozentrale lifted its stake in shares of ZTO Express (Cayman) by 0.6% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 162,992 shares of the transportation company's stock worth $3,389,000 after purchasing an additional 1,047 shares during the last quarter. EntryPoint Capital LLC bought a new stake in ZTO Express (Cayman) during the first quarter valued at about $43,000. First Horizon Advisors Inc. purchased a new position in ZTO Express (Cayman) in the second quarter valued at about $45,000. Finally, U S Global Investors Inc. raised its holdings in ZTO Express (Cayman) by 32.8% in the first quarter. U S Global Investors Inc. now owns 8,815 shares of the transportation company's stock worth $185,000 after purchasing an additional 2,179 shares in the last quarter. Institutional investors own 41.65% of the company's stock.

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.