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ZTO Express (Cayman) (NYSE:ZTO - Get Rating) had its price objective upped by investment analysts at Bank of America from $36.00 to $39.00 in a report issued on Thursday, The Fly reports. Bank of America's price target points to a potential upside of 34.30% from the stock's current price.
Other equities research analysts have also issued research reports about the stock. HSBC lifted their price objective on shares of ZTO Express (Cayman) from $33.00 to $36.00 and gave the company a "buy" rating in a report on Friday, March 17th. The Goldman Sachs Group upgraded shares of ZTO Express (Cayman) from a "neutral" rating to a "buy" rating and boosted their price target for the company from $37.00 to $42.00 in a report on Monday, April 24th. Finally, StockNews.com initiated coverage on shares of ZTO Express (Cayman) in a report on Thursday. They issued a "hold" rating for the company. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $36.96.
ZTO Express (Cayman) Trading Up 2.0 %
Shares of ZTO stock traded up $0.56 during trading hours on Thursday, reaching $29.04. 8,330,669 shares of the stock were exchanged, compared to its average volume of 2,717,027. ZTO Express has a 12-month low of $16.27 and a 12-month high of $30.05. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.12. The company's 50-day moving average price is $28.03 and its 200-day moving average price is $26.33. The firm has a market capitalization of $18.03 billion, a price-to-earnings ratio of 23.80, a price-to-earnings-growth ratio of 1.20 and a beta of 0.04.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently modified their holdings of ZTO. E Fund Management Hong Kong Co. Ltd. boosted its holdings in shares of ZTO Express (Cayman) by 136.0% in the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 254,840 shares of the transportation company's stock valued at $6,470,000 after acquiring an additional 146,838 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of ZTO Express (Cayman) by 3.3% in the 1st quarter. Bank of New York Mellon Corp now owns 415,473 shares of the transportation company's stock valued at $10,387,000 after acquiring an additional 13,333 shares during the last quarter. HAP Trading LLC purchased a new stake in shares of ZTO Express (Cayman) in the 1st quarter valued at $413,000. Sei Investments Co. boosted its holdings in shares of ZTO Express (Cayman) by 753.5% in the 1st quarter. Sei Investments Co. now owns 69,896 shares of the transportation company's stock valued at $1,762,000 after acquiring an additional 61,707 shares during the last quarter. Finally, Canada Pension Plan Investment Board boosted its holdings in shares of ZTO Express (Cayman) by 116.2% in the 1st quarter. Canada Pension Plan Investment Board now owns 839,600 shares of the transportation company's stock valued at $20,990,000 after acquiring an additional 451,200 shares during the last quarter. Hedge funds and other institutional investors own 40.56% of the company's stock.
About ZTO Express (Cayman)
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ZTO Express (Cayman), Inc engages in the provision of comprehensive logistics services. It offers express delivery and value-added logistics services through a nationwide network partner. The firm also provides digital, privacy waybill and cloud printing. It operates through the Express Delivery and Freight Forwarding segments.
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