ZTO Express (Cayman) Inc. (NYSE:ZTO) Receives Consensus Rating of “Buy” from Analysts

Shares of ZTO Express (Cayman) Inc. (NYSE:ZTO) have earned a consensus recommendation of “Buy” from the six analysts that are covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $35.05.

A number of research analysts recently issued reports on ZTO shares. The Goldman Sachs Group cut ZTO Express (Cayman) from a “buy” rating to a “neutral” rating in a report on Tuesday, October 19th. Bank of America raised ZTO Express (Cayman) from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $31.00 to $36.00 in a report on Thursday, November 18th. HSBC raised ZTO Express (Cayman) from a “hold” rating to a “buy” rating in a report on Friday, November 19th. Zacks Investment Research raised ZTO Express (Cayman) from a “sell” rating to a “buy” rating and set a $34.00 price objective for the company in a report on Monday. Finally, Macquarie raised ZTO Express (Cayman) from a “neutral” rating to an “outperform” rating and boosted their price objective for the stock from $25.90 to $40.20 in a report on Thursday, November 18th.

Institutional investors have recently bought and sold shares of the company. Royal Bank of Canada grew its position in shares of ZTO Express (Cayman) by 35.1% during the 1st quarter. Royal Bank of Canada now owns 72,368 shares of the transportation company’s stock worth $2,110,000 after buying an additional 18,798 shares during the period. Parallel Advisors LLC grew its position in shares of ZTO Express (Cayman) by 26.0% during the 2nd quarter. Parallel Advisors LLC now owns 2,003 shares of the transportation company’s stock worth $61,000 after buying an additional 413 shares during the period. The Manufacturers Life Insurance Company grew its position in shares of ZTO Express (Cayman) by 6.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 72,400 shares of the transportation company’s stock worth $2,197,000 after buying an additional 4,500 shares during the period. Balyasny Asset Management LLC acquired a new position in shares of ZTO Express (Cayman) during the 2nd quarter worth about $9,634,000. Finally, Virtu Financial LLC acquired a new position in shares of ZTO Express (Cayman) during the 2nd quarter worth about $404,000. Institutional investors own 38.32% of the company’s stock.

Shares of ZTO Express (Cayman) stock traded up $0.32 during trading on Thursday, reaching $31.44. The company’s stock had a trading volume of 3,185,621 shares, compared to its average volume of 3,516,857. The stock has a 50-day moving average price of $30.38 and a two-hundred day moving average price of $29.78. ZTO Express has a one year low of $25.23 and a one year high of $38.96. The stock has a market capitalization of $19.53 billion, a P/E ratio of 38.81, a price-to-earnings-growth ratio of 2.76 and a beta of 0.14.

ZTO Express (Cayman) Company Profile

ZTO Express (Cayman), Inc provides comprehensive logistics services. It offers express delivery and value-added logistics services through a nationwide network partner. The firm also provides digital and privacy waybill and cloud printing. The company was founded by Mei Song Lai on May 8, 2002 and is headquartered in Shanghai, China.

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Analyst Recommendations for ZTO Express (Cayman) (NYSE:ZTO)

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