ZTO Express (Cayman) (NYSE:ZTO) Price Target Raised to $26.90

ZTO Express (Cayman) (NYSE:ZTO) had its target price hoisted by Bank of America from $25.20 to $26.90 in a research note issued to investors on Monday, Benzinga reports. Bank of America currently has a buy rating on the transportation company’s stock.

A number of other research firms have also issued reports on ZTO. JPMorgan Chase & Co. reduced their target price on shares of ZTO Express (Cayman) from $37.00 to $30.00 and set an overweight rating on the stock in a report on Thursday, March 21st. HSBC reduced their price objective on shares of ZTO Express (Cayman) from $32.00 to $30.00 and set a buy rating on the stock in a research note on Thursday, March 21st. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of Moderate Buy and an average price target of $29.58.

ZTO Express (Cayman) Stock Down 1.6 %

ZTO stock opened at $22.06 on Monday. 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 company’s 50 day simple moving average is $22.11 and its 200-day simple moving average is $20.51. ZTO Express has a 12 month low of $15.90 and a 12 month high of $28.04. The firm has a market capitalization of $13.39 billion, a PE ratio of 15.54, a P/E/G ratio of 0.98 and a beta of -0.09.

ZTO Express (Cayman) (NYSE:ZTO) last released its quarterly earnings results on Wednesday, May 15th. The transportation company reported $0.32 earnings per share for the quarter. ZTO Express (Cayman) had a return on equity of 15.39% and a net margin of 21.57%. The company had revenue of $1.38 billion during the quarter. Equities analysts expect that ZTO Express will post 1.7 earnings per share for the current fiscal year.

Institutional Investors Weigh In On ZTO Express (Cayman)

Several hedge funds have recently modified their holdings of the stock. Platinum Investment Management Ltd. lifted its stake 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 purchasing an additional 3,140,733 shares in the last quarter. Green Court Capital Management Ltd lifted its holdings in shares of ZTO Express (Cayman) by 19.1% during the 4th quarter. Green Court Capital Management Ltd now owns 10,014,230 shares of the transportation company’s stock valued at $213,103,000 after acquiring an additional 1,607,986 shares in the last quarter. Schroder Investment Management Group boosted its position in ZTO Express (Cayman) by 68.4% during the 3rd quarter. Schroder Investment Management Group now owns 8,260,456 shares of the transportation company’s stock worth $199,655,000 after purchasing an additional 3,353,753 shares during the period. Capital Research Global Investors raised its position in ZTO Express (Cayman) by 2.5% in the first quarter. Capital Research Global Investors now owns 8,038,533 shares of the transportation company’s stock valued at $168,327,000 after purchasing an additional 199,464 shares during the period. Finally, FMR LLC lifted its stake in shares of ZTO Express (Cayman) by 2,862.2% during the third quarter. FMR LLC now owns 7,435,471 shares of the transportation company’s stock worth $179,715,000 after purchasing an additional 7,184,463 shares in the last quarter. 41.65% of the stock is owned by institutional investors and hedge funds.

ZTO Express (Cayman) Company Profile

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.