Brokerages Set ZTO Express (Cayman) Inc. (NYSE:ZTO) Target Price at $32.00

Shares of ZTO Express (Cayman) Inc. (NYSE:ZTO) have earned a consensus rating of “Buy” from the four brokerages that are currently covering the company, MarketBeat.com reports. Four investment analysts have rated the stock with a buy recommendation. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $30.00.

Several research analysts have weighed in on ZTO shares. StockNews.com cut shares of ZTO Express (Cayman) from a “buy” rating to a “hold” rating in a report on Tuesday, February 6th. HSBC lowered their target price on shares of ZTO Express (Cayman) from $32.00 to $30.00 and set a “buy” rating on the stock in a report on Thursday, March 21st. Bank of America raised shares of ZTO Express (Cayman) from a “neutral” rating to a “buy” rating and raised their target price for the stock from $22.00 to $29.00 in a report on Thursday, March 21st. Finally, JPMorgan Chase & Co. lowered 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.

Institutional Trading of ZTO Express (Cayman)

Several large investors have recently made changes to their positions in ZTO. Tower Research Capital LLC TRC boosted its position in shares of ZTO Express (Cayman) by 31.8% during the 4th quarter. Tower Research Capital LLC TRC now owns 3,278 shares of the transportation company’s stock worth $70,000 after acquiring an additional 791 shares in the last quarter. Janiczek Wealth Management LLC boosted its position in shares of ZTO Express (Cayman) by 34.3% during the 3rd quarter. Janiczek Wealth Management LLC now owns 3,562 shares of the transportation company’s stock worth $86,000 after acquiring an additional 909 shares in the last quarter. Blue Trust Inc. boosted its position in shares of ZTO Express (Cayman) by 1,333.1% during the 4th quarter. Blue Trust Inc. now owns 4,973 shares of the transportation company’s stock worth $106,000 after acquiring an additional 4,626 shares in the last quarter. Barometer Capital Management Inc. acquired a new stake in shares of ZTO Express (Cayman) during the 4th quarter worth approximately $126,000. Finally, U S Global Investors Inc. boosted its position in shares of ZTO Express (Cayman) by 50.6% during the 4th quarter. U S Global Investors Inc. now owns 6,636 shares of the transportation company’s stock worth $141,000 after acquiring an additional 2,231 shares in the last quarter. Institutional investors and hedge funds own 41.65% of the company’s stock.

ZTO Express (Cayman) Stock Up 1.9 %

ZTO Express (Cayman) stock opened at $21.62 on Friday. The stock has a market cap of $13.12 billion, a P/E ratio of 14.61, a P/E/G ratio of 0.79 and a beta of -0.04. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.12. ZTO Express has a twelve month low of $15.90 and a twelve month high of $30.05. The company’s 50-day moving average price is $20.47 and its two-hundred day moving average price is $20.73.

ZTO Express (Cayman) (NYSE:ZTO) last released 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 for the quarter. ZTO Express (Cayman) had a net margin of 22.70% and a return on equity of 15.24%. As a group, analysts expect that ZTO Express will post 1.69 EPS for the current year.

ZTO Express (Cayman) Announces Dividend

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

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.