ZTO Express (Cayman) (NYSE:ZTO) Upgraded by Bank of America to “Buy”

Bank of America upgraded shares of ZTO Express (Cayman) (NYSE:ZTOFree Report) from a neutral rating to a buy rating in a research report report published on Thursday, Benzinga reports. The firm currently has $29.00 target price on the transportation company’s stock, up from their previous target price of $22.00.

Separately, StockNews.com downgraded shares of ZTO Express (Cayman) from a buy rating to a hold rating in a research note on Tuesday, February 6th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, ZTO Express (Cayman) currently has a consensus rating of Moderate Buy and a consensus target price of $32.00.

Read Our Latest Stock Analysis on ZTO

ZTO Express (Cayman) Stock Performance

Shares of ZTO opened at $21.02 on Thursday. The stock has a market capitalization of $12.75 billion, a P/E ratio of 14.20, a P/E/G ratio of 0.77 and a beta of -0.05. ZTO Express has a 12-month low of $15.90 and a 12-month high of $30.05. The firm’s 50 day moving average is $18.83 and its 200-day moving average is $21.36. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.34 and a quick ratio of 1.17.

ZTO Express (Cayman) Announces Dividend

The business also recently declared an annual dividend, which will be paid on Monday, April 29th. Stockholders of record on Wednesday, April 10th will be paid a dividend of $0.61 per share. The ex-dividend date of this dividend is Tuesday, April 9th. This represents a dividend yield of 2.82%.

Institutional Investors Weigh In On ZTO Express (Cayman)

Hedge funds have recently bought and sold shares of the company. Wetherby Asset Management Inc. raised its holdings in shares of ZTO Express (Cayman) by 3.8% during the first quarter. Wetherby Asset Management Inc. now owns 10,147 shares of the transportation company’s stock worth $291,000 after acquiring an additional 374 shares during the period. Huntington National Bank grew its position in ZTO Express (Cayman) by 22.4% in the second quarter. Huntington National Bank now owns 2,134 shares of the transportation company’s stock valued at $54,000 after purchasing an additional 391 shares in the last quarter. Creative Planning grew its position in ZTO Express (Cayman) by 5.3% in the fourth quarter. Creative Planning now owns 9,009 shares of the transportation company’s stock valued at $242,000 after purchasing an additional 452 shares in the last quarter. Advisor Group Holdings Inc. grew its position in shares of ZTO Express (Cayman) by 26.2% in the 4th quarter. Advisor Group Holdings Inc. now owns 2,248 shares of the transportation company’s stock valued at $61,000 after acquiring an additional 466 shares during the period. Finally, M&T Bank Corp grew its position in shares of ZTO Express (Cayman) by 4.7% in the 3rd quarter. M&T Bank Corp now owns 12,198 shares of the transportation company’s stock valued at $293,000 after acquiring an additional 544 shares during the period. 41.68% of the stock is currently owned by institutional investors and hedge funds.

About ZTO Express (Cayman)

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ZTO Express (Cayman) Inc provides express delivery and other value-added logistics services in the People's Republic of China. It offers freight forwarding services; and delivery services for e-commerce and traditional merchants, and other express service users. The company was founded in 2002 and is headquartered in Shanghai, the People's Republic of China.

Further Reading

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

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