Analysts Set ZTO Express (Cayman) Inc. (NYSE:ZTO) Price Target at $22.36

Shares of ZTO Express (Cayman) Inc. (NYSE:ZTO) have earned an average recommendation of “Moderate Buy” from the seven ratings firms that are currently covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $22.36.

Several research firms recently weighed in on ZTO. Weiss Ratings restated a “hold (c)” rating on shares of ZTO Express (Cayman) in a research report on Monday, December 29th. Wall Street Zen upgraded shares of ZTO Express (Cayman) from a “hold” rating to a “buy” rating in a research report on Saturday, December 27th. Finally, Zacks Research downgraded shares of ZTO Express (Cayman) from a “strong-buy” rating to a “hold” rating in a report on Wednesday.

Hedge Funds Weigh In On ZTO Express (Cayman)

A number of large investors have recently modified their holdings of the company. Smartleaf Asset Management LLC boosted its stake in ZTO Express (Cayman) by 61.4% in the second quarter. Smartleaf Asset Management LLC now owns 2,021 shares of the transportation company’s stock worth $36,000 after buying an additional 769 shares in the last quarter. First Horizon Corp bought a new stake in shares of ZTO Express (Cayman) in the 3rd quarter worth approximately $40,000. CWM LLC boosted its stake in shares of ZTO Express (Cayman) by 42.2% in the 3rd quarter. CWM LLC now owns 2,341 shares of the transportation company’s stock valued at $45,000 after purchasing an additional 695 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of ZTO Express (Cayman) by 156.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,489 shares of the transportation company’s stock valued at $62,000 after purchasing an additional 2,127 shares during the last quarter. Finally, Parallel Advisors LLC raised its position in ZTO Express (Cayman) by 74.3% in the 3rd quarter. Parallel Advisors LLC now owns 3,668 shares of the transportation company’s stock worth $70,000 after purchasing an additional 1,563 shares during the period. 41.65% of the stock is owned by hedge funds and other institutional investors.

ZTO Express (Cayman) Trading Up 0.0%

Shares of ZTO opened at $21.73 on Thursday. ZTO Express has a 12 month low of $16.34 and a 12 month high of $22.26. The stock has a market capitalization of $12.81 billion, a P/E ratio of 14.39, a price-to-earnings-growth ratio of 4.09 and a beta of -0.21. The firm’s fifty day simple moving average is $20.47 and its two-hundred day simple moving average is $19.53.

ZTO Express (Cayman) (NYSE:ZTO) last posted its earnings results on Thursday, November 20th. The transportation company reported $0.43 EPS for the quarter, missing the consensus estimate of $2.51 by ($2.08). ZTO Express (Cayman) had a return on equity of 14.33% and a net margin of 18.61%.During the same period in the previous year, the firm earned $2.90 EPS. The firm’s revenue was up 11.1% compared to the same quarter last year. As a group, research analysts predict that ZTO Express will post 1.57 EPS for the current fiscal year.

About ZTO Express (Cayman)

ZTO Express (Cayman) Inc is one of China’s leading express delivery companies, specializing in both domestic and cross-border parcel logistics. The company operates a technology-enabled network that connects shippers, independent pickup and delivery stations, regional sorting hubs and end customers. ZTO’s service portfolio includes standard express, heavy-weight parcel delivery, time-definite shipments and e-commerce logistics solutions tailored for online retailers and marketplaces.

Founded in 2002 and headquartered in Shanghai, ZTO has grown rapidly by leveraging a franchise-style operating model that engages a broad network of independent contractors.