Brokerages Set ZTO Express (Cayman) Inc. (NYSE:ZTO) Price Target at $27.03

Shares of ZTO Express (Cayman) Inc. (NYSE:ZTO) have earned an average recommendation of “Moderate Buy” from the six ratings firms that are presently covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $27.0333.

ZTO has been the subject of several recent research reports. Weiss Ratings downgraded shares of ZTO Express (Cayman) from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, May 20th. Zacks Research downgraded shares of ZTO Express (Cayman) from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 29th. Morgan Stanley reaffirmed an “overweight” rating and issued a $30.10 price objective on shares of ZTO Express (Cayman) in a research report on Wednesday, May 20th. Wall Street Zen raised shares of ZTO Express (Cayman) from a “hold” rating to a “buy” rating in a research report on Saturday, April 11th. Finally, JPMorgan Chase & Co. increased their price objective on shares of ZTO Express (Cayman) from $25.00 to $29.00 and gave the company an “overweight” rating in a research report on Monday, April 13th.

Institutional Trading of ZTO Express (Cayman)

Several large investors have recently modified their holdings of ZTO. Todd Asset Management LLC grew its position in shares of ZTO Express (Cayman) by 6.3% during the third quarter. Todd Asset Management LLC now owns 1,439,998 shares of the transportation company’s stock worth $27,648,000 after buying an additional 85,545 shares in the last quarter. Teachers Retirement System of The State of Kentucky grew its position in shares of ZTO Express (Cayman) by 20.3% during the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 1,077,250 shares of the transportation company’s stock worth $22,504,000 after buying an additional 181,600 shares in the last quarter. Crossmark Global Holdings Inc. grew its position in shares of ZTO Express (Cayman) by 2,573.3% during the third quarter. Crossmark Global Holdings Inc. now owns 612,738 shares of the transportation company’s stock worth $11,765,000 after buying an additional 589,817 shares in the last quarter. Quadrant Capital Group LLC grew its position in shares of ZTO Express (Cayman) by 245.4% during the third quarter. Quadrant Capital Group LLC now owns 109,272 shares of the transportation company’s stock worth $2,098,000 after buying an additional 77,640 shares in the last quarter. Finally, Pzena Investment Management LLC grew its position in shares of ZTO Express (Cayman) by 4.9% during the third quarter. Pzena Investment Management LLC now owns 7,999,407 shares of the transportation company’s stock worth $153,589,000 after buying an additional 376,179 shares in the last quarter. 41.65% of the stock is currently owned by institutional investors and hedge funds.

ZTO Express (Cayman) Stock Up 0.5%

Shares of NYSE ZTO opened at $22.54 on Friday. ZTO Express has a 12-month low of $17.03 and a 12-month high of $26.20. The company has a market cap of $12.71 billion, a P/E ratio of 13.83, a P/E/G ratio of 0.88 and a beta of -0.22. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 0.16. The stock has a fifty day moving average price of $24.15 and a 200 day moving average price of $23.19.

ZTO Express (Cayman) (NYSE:ZTO) last announced its quarterly earnings results on Saturday, February 14th. The transportation company reported $0.47 earnings per share (EPS) for the quarter. ZTO Express (Cayman) had a return on equity of 14.23% and a net margin of 17.87%.The firm had revenue of $2.07 billion during the quarter. Research analysts anticipate that ZTO Express will post 1.89 EPS for the current fiscal year.

ZTO Express (Cayman) Dividend Announcement

The firm also recently announced a dividend, which was paid on Wednesday, April 29th. Stockholders of record on Wednesday, April 8th were paid a dividend of $0.39 per share. The ex-dividend date was Wednesday, April 8th. This represents a dividend yield of 318.0%. ZTO Express (Cayman)’s dividend payout ratio (DPR) is currently 46.63%.

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.