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)
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.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to firstname.lastname@example.org.
Before you consider ZTO Express (Cayman), you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and ZTO Express (Cayman) wasn't on the list.
While ZTO Express (Cayman) currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Need to stretch out your 401K or Roth IRA plan? Use these time-tested investing strategies to grow the monthly retirement income that your stock portfolio generates.Get This Free Report