ZTO Express (Cayman) (NYSE:ZTO) Stock Price Down 2.3%

ZTO Express (Cayman) Inc. (NYSE:ZTO - Get Free Report)'s stock price dropped 2.3% during trading on Friday . The company traded as low as $20.45 and last traded at $20.50. Approximately 95,097 shares changed hands during trading, a decline of 97% from the average daily volume of 3,632,445 shares. The stock had previously closed at $20.98.

Wall Street Analysts Forecast Growth

ZTO has been the subject of a number of research reports. Macquarie lowered 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 raised 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 equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $28.18.

ZTO Express (Cayman) Stock Down 1.9 %

The company's fifty day simple moving average is $20.19 and its 200-day simple moving average is $20.76. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.15 and a quick ratio of 1.15. The firm has a market capitalization of $12.49 billion, a PE ratio of 14.49, a price-to-earnings-growth ratio of 0.92 and a beta of -0.12.

ZTO Express (Cayman) Dividend Announcement

The firm also recently declared 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 of this dividend is Tuesday, September 10th. ZTO Express (Cayman)'s payout ratio is 42.96%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Pzena Investment Management LLC grew its stake in ZTO Express (Cayman) by 437.9% during the 1st quarter. Pzena Investment Management LLC now owns 5,889,745 shares of the transportation company's stock valued at $123,331,000 after purchasing an additional 4,794,773 shares during the last quarter. Aspex Management HK Ltd acquired a new stake in ZTO Express (Cayman) during the 4th quarter valued at approximately $77,857,000. Platinum Investment Management Ltd. boosted its holdings in shares of ZTO Express (Cayman) by 22.0% in the 1st quarter. Platinum Investment Management Ltd. now owns 17,428,610 shares of the transportation company's stock valued at $364,955,000 after acquiring an additional 3,140,733 shares during the last quarter. UBS Group AG increased its stake in shares of ZTO Express (Cayman) by 250.0% in the fourth quarter. UBS Group AG now owns 4,190,658 shares of the transportation company's stock worth $89,177,000 after acquiring an additional 2,993,195 shares during the period. Finally, Green Court Capital Management Ltd raised its holdings in shares of ZTO Express (Cayman) by 19.1% during the fourth quarter. Green Court Capital Management Ltd now owns 10,014,230 shares of the transportation company's stock worth $213,103,000 after purchasing an additional 1,607,986 shares during the last quarter. Hedge funds and other 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.