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

Shares of ZTO Express (Cayman) Inc. (NYSE:ZTO) have been given a consensus recommendation of “Hold” by the five research firms that are covering the company, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $24.53.

Several analysts have recently commented on the stock. JPMorgan Chase & Co. started coverage on shares of ZTO Express (Cayman) in a research report on Wednesday, October 30th. They issued an “overweight” rating and a $30.00 price target on the stock. HSBC cut 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 report on Tuesday, January 21st. Hsbc Global Res cut ZTO Express (Cayman) from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 21st. Finally, StockNews.com upgraded ZTO Express (Cayman) from a “hold” rating to a “buy” rating in a research report on Tuesday, January 14th.

Institutional Investors Weigh In On ZTO Express (Cayman)

Several hedge funds have recently made changes to their positions in the business. Pzena Investment Management LLC lifted its position in ZTO Express (Cayman) by 11.7% during the fourth quarter. Pzena Investment Management LLC now owns 7,860,285 shares of the transportation company’s stock worth $153,669,000 after buying an additional 820,686 shares during the period. Greenwoods Asset Management Hong Kong Ltd. increased its stake in shares of ZTO Express (Cayman) by 10.6% during the 4th quarter. Greenwoods Asset Management Hong Kong Ltd. now owns 6,617,077 shares of the transportation company’s stock valued at $129,364,000 after acquiring an additional 633,604 shares during the last quarter. Fisher Asset Management LLC lifted its holdings in shares of ZTO Express (Cayman) by 10.0% during the 3rd quarter. Fisher Asset Management LLC now owns 3,484,318 shares of the transportation company’s stock worth $86,307,000 after acquiring an additional 317,450 shares during the period. Hhlr Advisors LTD. lifted its holdings in shares of ZTO Express (Cayman) by 8,172.7% during the 3rd quarter. Hhlr Advisors LTD. now owns 3,003,008 shares of the transportation company’s stock worth $74,385,000 after acquiring an additional 2,966,708 shares during the period. Finally, Brandes Investment Partners LP boosted its position in shares of ZTO Express (Cayman) by 1.1% in the fourth quarter. Brandes Investment Partners LP now owns 2,395,333 shares of the transportation company’s stock worth $46,829,000 after acquiring an additional 24,903 shares during the last quarter. Institutional investors and hedge funds own 41.65% of the company’s stock.

ZTO Express (Cayman) Trading Up 1.0 %

Shares of NYSE ZTO opened at $19.97 on Monday. The company’s 50-day moving average price is $19.18 and its 200 day moving average price is $21.00. ZTO Express has a 52 week low of $17.89 and a 52 week high of $27.50. The stock has a market cap of $12.07 billion, a price-to-earnings ratio of 13.77, a PEG ratio of 1.01 and a beta of -0.16.

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.