ZTO Express (Cayman) Inc. (NYSE:ZTO) Receives $24.53 Consensus PT from Analysts

ZTO Express (Cayman) Inc. (NYSE:ZTO - Get Free Report) has been given a consensus recommendation of "Hold" by the five brokerages that are currently covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $24.53.

A number of analysts have commented on ZTO shares. Hsbc Global Res lowered shares of ZTO Express (Cayman) from a "strong-buy" rating to a "hold" rating in a report on Tuesday. StockNews.com upgraded ZTO Express (Cayman) from a "hold" rating to a "buy" rating in a report on Tuesday, January 14th. HSBC cut ZTO Express (Cayman) from a "buy" rating to a "hold" rating and reduced their target price for the stock from $28.00 to $20.00 in a report on Tuesday. Finally, JPMorgan Chase & Co. started coverage on ZTO Express (Cayman) in a research note on Wednesday, October 30th. They issued an "overweight" rating and a $30.00 price target for the company.

ZTO Express (Cayman) Stock Performance

ZTO traded down $0.30 during midday trading on Thursday, hitting $18.46. The company had a trading volume of 1,575,194 shares, compared to its average volume of 2,264,123. ZTO Express has a twelve month low of $15.90 and a twelve month high of $27.50. The company has a market capitalization of $11.16 billion, a PE ratio of 12.73, a P/E/G ratio of 0.97 and a beta of -0.15. The firm's 50-day simple moving average is $19.30 and its 200-day simple moving average is $21.05.

Institutional Trading of ZTO Express (Cayman)

Several institutional investors and hedge funds have recently bought and sold shares of ZTO. Blue Trust Inc. raised its position in shares of ZTO Express (Cayman) by 119.8% in the fourth quarter. Blue Trust Inc. now owns 5,061 shares of the transportation company's stock valued at $99,000 after purchasing an additional 2,758 shares during the period. SG Americas Securities LLC raised its holdings in ZTO Express (Cayman) by 2,787.7% in the 4th quarter. SG Americas Securities LLC now owns 295,725 shares of the transportation company's stock valued at $5,781,000 after acquiring an additional 285,484 shares during the period. Confluence Investment Management LLC lifted its position in ZTO Express (Cayman) by 14.8% during the fourth quarter. Confluence Investment Management LLC now owns 10,282 shares of the transportation company's stock worth $201,000 after acquiring an additional 1,326 shares during the last quarter. Public Employees Retirement System of Ohio bought a new stake in shares of ZTO Express (Cayman) during the third quarter worth approximately $4,721,000. Finally, Stifel Financial Corp grew its position in shares of ZTO Express (Cayman) by 8.5% in the third quarter. Stifel Financial Corp now owns 36,952 shares of the transportation company's stock valued at $915,000 after purchasing an additional 2,888 shares during 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.