ZTO Express (Cayman) (NYSE:ZTO) Trading 2.3% Higher

ZTO Express (Cayman) Inc. (NYSE:ZTO - Get Free Report) shares shot up 2.3% during trading on Tuesday . The company traded as high as $21.11 and last traded at $20.90. 161,810 shares were traded during mid-day trading, a decline of 96% from the average session volume of 3,614,108 shares. The stock had previously closed at $20.44.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on ZTO. Macquarie downgraded shares of ZTO Express (Cayman) from an "outperform" rating to a "neutral" rating and set a $21.20 price objective for the company. in a research report on Wednesday, June 26th. Bank of America boosted their price target on ZTO Express (Cayman) from $25.20 to $26.90 and gave the company a "buy" rating in a research note on Monday, June 17th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $28.18.

ZTO Express (Cayman) Trading Up 2.3 %

The company has a market capitalization of $12.68 billion, a price-to-earnings ratio of 14.72, a P/E/G ratio of 0.98 and a beta of -0.12. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.26 and a quick ratio of 1.15. The business's 50-day moving average price is $20.13 and its two-hundred day moving average price is $20.85.

ZTO Express (Cayman) Announces Dividend

The business also recently announced a Semi-Annual dividend, which will be paid on Friday, October 18th. Stockholders of record on Tuesday, September 10th will be given a dividend of $0.35 per share. The ex-dividend date of this dividend is Tuesday, September 10th. This represents a dividend yield of 4.6%. ZTO Express (Cayman)'s payout ratio is 49.30%.

Institutional Investors Weigh In On ZTO Express (Cayman)

Several institutional investors and hedge funds have recently bought and sold shares of ZTO. EntryPoint Capital LLC bought a new stake in shares of ZTO Express (Cayman) during the 1st quarter worth approximately $43,000. First Horizon Advisors Inc. acquired a new stake in shares of ZTO Express (Cayman) in the 2nd quarter valued at $45,000. Barometer Capital Management Inc. acquired a new stake in shares of ZTO Express (Cayman) in the 4th quarter valued at $126,000. Mendota Financial Group LLC bought a new position in shares of ZTO Express (Cayman) in the 2nd quarter valued at $167,000. Finally, U S Global Investors Inc. raised its holdings in shares of 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 worth $185,000 after buying 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.