Analysts Set ZTO Express (Cayman) Inc. (NYSE:ZTO) Target Price at $24.53

Shares of ZTO Express (Cayman) Inc. (NYSE:ZTO) have been assigned an average recommendation of “Hold” from the five brokerages that are covering the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $24.53.

ZTO has been the topic of a number of recent research reports. JPMorgan Chase & Co. initiated coverage on ZTO Express (Cayman) in a research report on Wednesday, October 30th. They issued an “overweight” rating and a $30.00 target price on the stock. HSBC downgraded ZTO Express (Cayman) from a “buy” rating to a “hold” rating and lowered their target price for the company from $28.00 to $20.00 in a research report on Tuesday, January 21st. StockNews.com upgraded ZTO Express (Cayman) from a “hold” rating to a “buy” rating in a report on Tuesday, January 14th. Finally, Hsbc Global Res cut ZTO Express (Cayman) from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 21st.

ZTO Express (Cayman) Stock Performance

NYSE:ZTO opened at $18.58 on Thursday. The stock’s 50-day simple moving average is $19.13 and its 200 day simple moving average is $21.01. The company has a market cap of $11.23 billion, a P/E ratio of 12.82, a P/E/G ratio of 0.94 and a beta of -0.15. ZTO Express has a 52-week low of $15.90 and a 52-week high of $27.50.

Institutional Investors Weigh In On ZTO Express (Cayman)

Institutional investors have recently made changes to their positions in the stock. Point72 DIFC Ltd bought a new stake in shares of ZTO Express (Cayman) in the third quarter valued at approximately $26,000. Van ECK Associates Corp boosted its stake in shares of ZTO Express (Cayman) by 60.8% in the third quarter. Van ECK Associates Corp now owns 1,825 shares of the transportation company’s stock valued at $46,000 after buying an additional 690 shares during the period. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of ZTO Express (Cayman) in the third quarter valued at approximately $46,000. Blue Trust Inc. boosted its stake in shares of ZTO Express (Cayman) by 210.0% in the third quarter. Blue Trust Inc. now owns 2,303 shares of the transportation company’s stock valued at $57,000 after buying an additional 1,560 shares during the period. Finally, Confluence Investment Management LLC boosted its stake in shares of ZTO Express (Cayman) by 14.8% in the fourth quarter. Confluence Investment Management LLC now owns 10,282 shares of the transportation company’s stock valued at $201,000 after buying an additional 1,326 shares during the period. 41.65% of the stock is currently owned by institutional investors.

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.