StockNews.com Downgrades ZTO Express (Cayman) (NYSE:ZTO) to Hold

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

Separately, JPMorgan Chase & Co. started coverage on shares of ZTO Express (Cayman) in a report on Wednesday, October 30th. They set an “overweight” rating and a $30.00 price target for the company. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $27.03.

ZTO Express (Cayman) Price Performance

Shares of ZTO opened at $18.66 on Thursday. The business has a 50-day moving average of $22.94 and a 200-day moving average of $21.90. The company has a market capitalization of $11.28 billion, a price-to-earnings ratio of 12.87, a price-to-earnings-growth ratio of 0.97 and a beta of -0.13. ZTO Express has a 1 year low of $15.90 and a 1 year high of $27.50.

Institutional Investors Weigh In On ZTO Express (Cayman)

Hedge funds have recently added to or reduced their stakes in the business. Point72 DIFC Ltd acquired a new stake in shares of ZTO Express (Cayman) during the 3rd quarter worth approximately $26,000. First Horizon Advisors Inc. bought a new stake in ZTO Express (Cayman) in the second quarter valued at $45,000. Van ECK Associates Corp raised its holdings in shares of ZTO Express (Cayman) by 60.8% during the third quarter. Van ECK Associates Corp now owns 1,825 shares of the transportation company’s stock valued at $46,000 after purchasing an additional 690 shares during the period. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of ZTO Express (Cayman) during the 3rd quarter worth about $46,000. Finally, Blue Trust Inc. grew its stake in shares of ZTO Express (Cayman) by 210.0% in the 3rd quarter. Blue Trust Inc. now owns 2,303 shares of the transportation company’s stock valued at $57,000 after buying an additional 1,560 shares during the period. 41.65% of the stock is currently owned by institutional investors.

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.