ZTO Express (Cayman) Inc. (NYSE:ZTO) Given Average Recommendation of “Hold” by Brokerages

ZTO Express (Cayman) Inc. (NYSE:ZTO) has been assigned an average recommendation of “Hold” from the five analysts that are covering the company, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $24.53.

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

Institutional Investors Weigh In On ZTO Express (Cayman)

Large investors have recently modified their holdings of the business. Point72 DIFC Ltd purchased a new stake in shares of ZTO Express (Cayman) during the third quarter worth $26,000. Van ECK Associates Corp grew its holdings in shares of ZTO Express (Cayman) by 60.8% during the third quarter. Van ECK Associates Corp now owns 1,825 shares of the transportation company’s stock worth $46,000 after buying an additional 690 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of ZTO Express (Cayman) during the third quarter worth $46,000. Blue Trust Inc. grew its holdings in shares of ZTO Express (Cayman) by 210.0% during the third quarter. Blue Trust Inc. now owns 2,303 shares of the transportation company’s stock worth $57,000 after buying an additional 1,560 shares in the last quarter. Finally, Confluence Investment Management LLC purchased a new stake in shares of ZTO Express (Cayman) during the third quarter worth $222,000. Hedge funds and other institutional investors own 41.65% of the company’s stock.

ZTO Express (Cayman) Price Performance

NYSE:ZTO opened at $20.78 on Monday. The firm has a market cap of $12.55 billion, a price-to-earnings ratio of 14.33, a price-to-earnings-growth ratio of 1.00 and a beta of -0.16. The company has a 50 day moving average price of $19.24 and a 200-day moving average price of $20.99. ZTO Express has a 1-year low of $17.89 and a 1-year high of $27.50.

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.