ZTO Express (Cayman) Inc. (NYSE:ZTO) Receives $32.00 Average Price Target from Analysts

Shares of ZTO Express (Cayman) Inc. (NYSE:ZTO) have received a consensus recommendation of “Buy” from the five brokerages that are currently covering the firm, Marketbeat.com reports. Five equities research analysts have rated the stock with a buy recommendation. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $32.00.

Several research analysts recently commented on ZTO shares. Bank of America upgraded shares of ZTO Express (Cayman) from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $22.00 to $29.00 in a research note on Thursday, March 21st. HSBC cut their price target 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. JPMorgan Chase & Co. cut their price target on shares of ZTO Express (Cayman) from $37.00 to $30.00 and set an “overweight” rating on the stock in a research note on Thursday, March 21st. Finally, StockNews.com lowered shares of ZTO Express (Cayman) from a “buy” rating to a “hold” rating in a research note on Tuesday, February 6th.

ZTO Express (Cayman) Price Performance

ZTO Express (Cayman) stock opened at $20.11 on Friday. The firm has a 50-day moving average of $20.23 and a two-hundred day moving average of $20.77. ZTO Express has a 1 year low of $15.90 and a 1 year high of $30.05. The stock has a market cap of $12.20 billion, a price-to-earnings ratio of 13.59, a price-to-earnings-growth ratio of 0.75 and a beta of -0.04. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.34 and a quick ratio of 1.34.

ZTO Express (Cayman) (NYSE:ZTO) last announced its quarterly earnings results on Tuesday, March 19th. The transportation company reported $0.38 earnings per share for the quarter. The firm had revenue of $1.50 billion during the quarter. ZTO Express (Cayman) had a net margin of 22.70% and a return on equity of 15.24%. On average, research analysts forecast that ZTO Express will post 1.69 earnings per share for the current year.

ZTO Express (Cayman) Announces Dividend

The firm also recently disclosed an annual dividend, which will be paid on Monday, April 29th. Stockholders of record on Wednesday, April 10th will be paid a $0.61 dividend. The ex-dividend date of this dividend is Tuesday, April 9th. This represents a dividend yield of 2.82%. ZTO Express (Cayman)’s payout ratio is currently 41.22%.

Institutional Trading of ZTO Express (Cayman)

Hedge funds have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC boosted its holdings in ZTO Express (Cayman) by 31.8% during the fourth quarter. Tower Research Capital LLC TRC now owns 3,278 shares of the transportation company’s stock worth $70,000 after buying an additional 791 shares in the last quarter. Janiczek Wealth Management LLC boosted its holdings in ZTO Express (Cayman) by 34.3% during the third quarter. Janiczek Wealth Management LLC now owns 3,562 shares of the transportation company’s stock worth $86,000 after buying an additional 909 shares in the last quarter. Blue Trust Inc. lifted its holdings in ZTO Express (Cayman) by 1,333.1% during the fourth quarter. Blue Trust Inc. now owns 4,973 shares of the transportation company’s stock valued at $106,000 after purchasing an additional 4,626 shares in the last quarter. Barometer Capital Management Inc. purchased a new position in ZTO Express (Cayman) during the fourth quarter valued at $126,000. Finally, U S Global Investors Inc. lifted its holdings in ZTO Express (Cayman) by 50.6% during the fourth quarter. U S Global Investors Inc. now owns 6,636 shares of the transportation company’s stock valued at $141,000 after purchasing an additional 2,231 shares in the last quarter. 41.65% of the stock is owned by hedge funds and other 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.