ZTO Express (Cayman) (NYSE:ZTO) Price Target Cut to $32.80

ZTO Express (Cayman) (NYSE:ZTOGet Rating) had its target price cut by equities researchers at Citigroup from $40.30 to $32.80 in a research report issued on Wednesday, The Fly reports. The firm presently has a “buy” rating on the transportation company’s stock. Citigroup’s price target points to a potential upside of 43.23% from the company’s previous close.

A number of other research firms have also weighed in on ZTO. StockNews.com began coverage on ZTO Express (Cayman) in a research note on Wednesday, October 12th. They issued a “hold” rating for the company. TheStreet lowered ZTO Express (Cayman) from a “b-” rating to a “c+” rating in a research note on Tuesday, October 25th. Finally, JPMorgan Chase & Co. raised ZTO Express (Cayman) from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $27.00 to $35.00 in a research note on Friday, August 19th.

ZTO Express (Cayman) Stock Performance

NYSE:ZTO opened at $22.90 on Wednesday. The stock has a 50-day simple moving average of $21.99 and a two-hundred day simple moving average of $24.57. ZTO Express has a 52-week low of $16.27 and a 52-week high of $32.67. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.25 and a current ratio of 1.59. The firm has a market capitalization of $13.82 billion, a PE ratio of 19.41, a P/E/G ratio of 1.08 and a beta of -0.14.

Institutional Investors Weigh In On ZTO Express (Cayman)

Hedge funds have recently made changes to their positions in the company. Fox Run Management L.L.C. bought a new stake in ZTO Express (Cayman) in the 1st quarter worth approximately $205,000. Aaron Wealth Advisors LLC bought a new stake in ZTO Express (Cayman) in the first quarter worth $674,000. E Fund Management Hong Kong Co. Ltd. raised its stake in ZTO Express (Cayman) by 13.6% during the second quarter. E Fund Management Hong Kong Co. Ltd. now owns 289,575 shares of the transportation company’s stock valued at $7,949,000 after purchasing an additional 34,735 shares in the last quarter. Platinum Investment Management Ltd. lifted its position in ZTO Express (Cayman) by 2.8% during the second quarter. Platinum Investment Management Ltd. now owns 15,322,408 shares of the transportation company’s stock valued at $420,600,000 after purchasing an additional 416,813 shares during the last quarter. Finally, Principal Financial Group Inc. purchased a new position in shares of ZTO Express (Cayman) in the 1st quarter worth $17,028,000. 39.22% of the stock is currently owned by hedge funds and other institutional investors.

ZTO Express (Cayman) Company Profile

(Get Rating)

ZTO Express (Cayman) Inc provides express delivery and other value-added logistics services in the People's Republic of China. The company offers delivery services for e-commerce and traditional merchants, and other express service users. As of December 31, 2021, it operated a fleet of approximately 10,900 trucks.

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