ZTO Express (Cayman) Inc. (NYSE:ZTO) Given Consensus Rating of “Moderate Buy” by Brokerages

ZTO Express (Cayman) Inc. (NYSE:ZTO) has received an average rating of “Moderate Buy” from the seven research firms that are presently covering the stock, Marketbeat reports. Three research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $22.36.

A number of analysts recently weighed in on ZTO shares. Macquarie Infrastructure upgraded ZTO Express (Cayman) from a “hold” rating to a “strong-buy” rating in a research note on Sunday, February 8th. Zacks Research lowered shares of ZTO Express (Cayman) from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 7th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of ZTO Express (Cayman) in a research note on Monday, December 29th. Finally, Wall Street Zen cut shares of ZTO Express (Cayman) from a “buy” rating to a “hold” rating in a research note on Saturday, February 21st.

Institutional Investors Weigh In On ZTO Express (Cayman)

Several institutional investors have recently modified their holdings of ZTO. TB Alternative Assets Ltd. raised its holdings in ZTO Express (Cayman) by 208.5% during the third quarter. TB Alternative Assets Ltd. now owns 254,948 shares of the transportation company’s stock worth $4,895,000 after purchasing an additional 172,300 shares during the last quarter. Todd Asset Management LLC increased its position in shares of ZTO Express (Cayman) by 6.3% in the third quarter. Todd Asset Management LLC now owns 1,439,998 shares of the transportation company’s stock valued at $27,648,000 after buying an additional 85,545 shares in the last quarter. ABC Arbitrage SA purchased a new position in shares of ZTO Express (Cayman) in the second quarter valued at $349,000. Mackenzie Financial Corp acquired a new position in shares of ZTO Express (Cayman) during the 2nd quarter worth $12,604,000. Finally, Teachers Retirement System of The State of Kentucky boosted its position in shares of ZTO Express (Cayman) by 8.3% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 895,650 shares of the transportation company’s stock worth $17,196,000 after buying an additional 68,800 shares in the last quarter. Hedge funds and other institutional investors own 41.65% of the company’s stock.

ZTO Express (Cayman) Stock Down 1.6%

Shares of NYSE:ZTO opened at $22.45 on Friday. ZTO Express has a 52 week low of $16.34 and a 52 week high of $25.52. The company has a 50-day moving average price of $22.94 and a 200 day moving average price of $20.68. The company has a market cap of $13.23 billion, a P/E ratio of 14.87, a PEG ratio of 4.13 and a beta of -0.20.

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.