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

ZTO Express (Cayman) Inc. (NYSE:ZTO) has been assigned an average recommendation of “Hold” from the five ratings firms that are covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $24.53.

Several analysts have recently weighed in on the stock. HSBC cut shares of ZTO Express (Cayman) from a “buy” rating to a “hold” rating and dropped their price target for the company from $28.00 to $20.00 in a research note on Tuesday, January 21st. StockNews.com raised shares of ZTO Express (Cayman) from a “hold” rating to a “buy” rating in a research report on Tuesday, January 14th. JPMorgan Chase & Co. began coverage on shares of ZTO Express (Cayman) in a research report on Wednesday, October 30th. They set an “overweight” rating and a $30.00 price objective for the company. Finally, Hsbc Global Res cut shares of ZTO Express (Cayman) from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 21st.

Institutional Investors Weigh In On ZTO Express (Cayman)

A number of hedge funds have recently added to or reduced their stakes in ZTO. Hhlr Advisors LTD. raised its holdings in shares of ZTO Express (Cayman) by 8,172.7% in the 3rd quarter. Hhlr Advisors LTD. now owns 3,003,008 shares of the transportation company’s stock valued at $74,385,000 after purchasing an additional 2,966,708 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of ZTO Express (Cayman) in the 3rd quarter valued at $29,350,000. Pzena Investment Management LLC raised its holdings in shares of ZTO Express (Cayman) by 18.1% in the 3rd quarter. Pzena Investment Management LLC now owns 7,039,599 shares of the transportation company’s stock valued at $174,371,000 after purchasing an additional 1,079,327 shares in the last quarter. Point72 Asset Management L.P. acquired a new stake in shares of ZTO Express (Cayman) in the 3rd quarter valued at $12,407,000. Finally, Envestnet Asset Management Inc. raised its holdings in shares of ZTO Express (Cayman) by 1,731.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 490,261 shares of the transportation company’s stock valued at $10,173,000 after purchasing an additional 463,496 shares in the last quarter. 41.65% of the stock is currently owned by institutional investors and hedge funds.

ZTO Express (Cayman) Price Performance

Shares of ZTO opened at $18.67 on Thursday. The company’s fifty day moving average price is $19.21 and its 200-day moving average price is $21.02. ZTO Express has a 1-year low of $15.90 and a 1-year high of $27.50. The firm has a market capitalization of $11.28 billion, a PE ratio of 12.87, a price-to-earnings-growth ratio of 0.94 and a beta of -0.15.

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.