ZTO Express (Cayman) Inc. (NYSE:ZTO) Given Consensus Recommendation of “Buy” by Brokerages

ZTO Express (Cayman) Inc. (NYSE:ZTO) has been assigned an average recommendation of “Buy” from the six analysts that are presently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating, two have issued a buy rating and two have given a strong buy rating to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $27.0333.

ZTO has been the topic of several recent research reports. Morgan Stanley restated an “overweight” rating and set a $30.10 target price on shares of ZTO Express (Cayman) in a report on Wednesday, May 20th. Zacks Research upgraded ZTO Express (Cayman) from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 7th. Weiss Ratings downgraded shares of ZTO Express (Cayman) from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, May 20th. Wall Street Zen upgraded ZTO Express (Cayman) from a “hold” rating to a “buy” rating in a research report on Saturday, April 11th. Finally, JPMorgan Chase & Co. increased their price target on shares of ZTO Express (Cayman) from $25.00 to $29.00 and gave the stock an “overweight” rating in a research report on Monday, April 13th.

Institutional Trading of ZTO Express (Cayman)

Hedge funds have recently modified their holdings of the company. Caitong International Asset Management Co. Ltd bought a new position in ZTO Express (Cayman) in the 4th quarter valued at $25,000. Leonteq Securities AG acquired a new position in ZTO Express (Cayman) during the 4th quarter valued at about $30,000. Atlas Capital Advisors Inc. bought a new position in ZTO Express (Cayman) in the fourth quarter valued at approximately $35,000. Smartleaf Asset Management LLC boosted its position in shares of ZTO Express (Cayman) by 61.4% in the 2nd quarter. Smartleaf Asset Management LLC now owns 2,021 shares of the transportation company’s stock worth $36,000 after purchasing an additional 769 shares during the last quarter. Finally, Assetmark Inc. grew its position in shares of ZTO Express (Cayman) by 1,713.0% during the 4th quarter. Assetmark Inc. now owns 2,375 shares of the transportation company’s stock worth $50,000 after buying an additional 2,244 shares during the period. Institutional investors and hedge funds own 41.65% of the company’s stock.

ZTO Express (Cayman) Stock Performance

Shares of ZTO opened at $24.00 on Monday. The company’s fifty day moving average is $22.92 and its 200-day moving average is $23.64. ZTO Express has a 12 month low of $17.74 and a 12 month high of $26.20. The firm has a market cap of $13.53 billion, a price-to-earnings ratio of 14.72, a price-to-earnings-growth ratio of 0.91 and a beta of -0.22. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 0.16.

ZTO Express (Cayman) Company Profile

ZTO Express (Cayman) Inc is one of China’s leading express delivery companies, specializing in both domestic and cross-border parcel logistics. The company operates a technology-enabled network that connects shippers, independent pickup and delivery stations, regional sorting hubs and end customers. ZTO’s service portfolio includes standard express, heavy-weight parcel delivery, time-definite shipments and e-commerce logistics solutions tailored for online retailers and marketplaces.

Founded in 2002 and headquartered in Shanghai, ZTO has grown rapidly by leveraging a franchise-style operating model that engages a broad network of independent contractors.