StockNews.com Upgrades ZTO Express (Cayman) (NYSE:ZTO) to Buy

StockNews.com upgraded shares of ZTO Express (Cayman) (NYSE:ZTO) from a hold rating to a buy rating in a research report released on Wednesday morning.

Separately, JPMorgan Chase & Co. assumed coverage on shares of ZTO Express (Cayman) in a research report on Wednesday, October 30th. They set an “overweight” rating and a $30.00 target price on the stock. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, ZTO Express (Cayman) has a consensus rating of “Moderate Buy” and an average target price of $27.03.

ZTO Express (Cayman) Trading Down 0.2 %

Shares of NYSE:ZTO opened at $19.76 on Wednesday. The firm has a market cap of $11.94 billion, a price-to-earnings ratio of 13.63, a P/E/G ratio of 0.98 and a beta of -0.13. The business has a fifty day simple moving average of $21.17 and a 200 day simple moving average of $21.42. ZTO Express has a 1 year low of $15.90 and a 1 year high of $27.50.

Institutional Trading of ZTO Express (Cayman)

Several hedge funds have recently added to or reduced their stakes in the business. Point72 DIFC Ltd bought a new stake in ZTO Express (Cayman) in the 3rd quarter valued at $26,000. Van ECK Associates Corp increased its stake in shares of ZTO Express (Cayman) by 60.8% in the 3rd quarter. Van ECK Associates Corp now owns 1,825 shares of the transportation company’s stock valued at $46,000 after buying an additional 690 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new position in ZTO Express (Cayman) during the 3rd quarter valued at about $46,000. Blue Trust Inc. grew its holdings in ZTO Express (Cayman) by 210.0% during the 3rd quarter. Blue Trust Inc. now owns 2,303 shares of the transportation company’s stock worth $57,000 after acquiring an additional 1,560 shares during the period. Finally, Confluence Investment Management LLC bought a new stake in ZTO Express (Cayman) in the third quarter valued at about $222,000. Institutional investors own 41.65% of the company’s stock.

About ZTO Express (Cayman)

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.