ZTO Express (Cayman) (NYSE:ZTO) Upgraded by StockNews.com to Buy Rating

ZTO Express (Cayman) (NYSE:ZTO) was upgraded by research analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued on Tuesday.

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

ZTO Express (Cayman) Trading Down 1.0 %

Shares of NYSE:ZTO opened at $18.36 on Tuesday. ZTO Express has a 12 month low of $15.90 and a 12 month high of $27.50. The company has a market capitalization of $11.09 billion, a price-to-earnings ratio of 12.66, a PEG ratio of 0.90 and a beta of -0.15. The firm’s 50-day moving average is $19.64 and its 200 day moving average is $21.12.

Hedge Funds Weigh In On ZTO Express (Cayman)

A number of institutional investors have recently modified their holdings of ZTO. Confluence Investment Management LLC boosted its holdings in shares of ZTO Express (Cayman) by 14.8% in the fourth quarter. Confluence Investment Management LLC now owns 10,282 shares of the transportation company’s stock valued at $201,000 after purchasing an additional 1,326 shares during the period. Public Employees Retirement System of Ohio purchased a new stake in shares of ZTO Express (Cayman) in the 3rd quarter worth $4,721,000. Stifel Financial Corp lifted its holdings in shares of ZTO Express (Cayman) by 8.5% in the 3rd quarter. Stifel Financial Corp now owns 36,952 shares of the transportation company’s stock worth $915,000 after buying an additional 2,888 shares during the period. Pinpoint Asset Management Ltd grew its position in shares of ZTO Express (Cayman) by 16.7% during the 3rd quarter. Pinpoint Asset Management Ltd now owns 105,162 shares of the transportation company’s stock worth $2,605,000 after buying an additional 15,071 shares in the last quarter. Finally, Point72 DIFC Ltd purchased a new position in shares of ZTO Express (Cayman) during the third quarter valued at $26,000. 41.65% of the stock is owned by hedge funds and other institutional investors.

ZTO Express (Cayman) Company Profile

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.