ZTO Express (Cayman) (NYSE:ZTO) Rating Increased to Buy at StockNews.com

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 ZTO Express (Cayman) in a research note on Wednesday, October 30th. They issued an “overweight” rating and a $30.00 price objective for the company. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $27.03.

ZTO Express (Cayman) Stock Down 0.2 %

Shares of NYSE:ZTO opened at $19.76 on Wednesday. ZTO Express has a fifty-two week low of $15.90 and a fifty-two week high of $27.50. The stock has a market cap of $11.94 billion, a price-to-earnings ratio of 13.63, a price-to-earnings-growth ratio of 0.98 and a beta of -0.13. The firm’s 50 day moving average price is $21.17 and its 200 day moving average price is $21.42.

Institutional Investors Weigh In On ZTO Express (Cayman)

Hedge funds have recently modified their holdings of the company. Bank of New York Mellon Corp grew its stake in shares of ZTO Express (Cayman) by 28.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 441,739 shares of the transportation company’s stock valued at $9,166,000 after buying an additional 96,602 shares during the period. Banco Santander S.A. bought a new position in shares of ZTO Express (Cayman) during the second quarter valued at approximately $467,000. Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in shares of ZTO Express (Cayman) by 4.5% in the 2nd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 18,791 shares of the transportation company’s stock worth $390,000 after acquiring an additional 816 shares during the period. Natixis Advisors LLC bought a new position in ZTO Express (Cayman) in the 2nd quarter worth approximately $1,326,000. Finally, Pzena Investment Management LLC raised its stake in shares of ZTO Express (Cayman) by 1.2% during the second quarter. Pzena Investment Management LLC now owns 5,960,272 shares of the transportation company’s stock valued at $123,676,000 after purchasing an additional 70,527 shares in the last quarter. 41.65% of the stock is owned by institutional investors and hedge funds.

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.