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

ZTO Express (Cayman) (NYSE:ZTO) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a report released 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 price objective on the stock. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $27.03.

ZTO Express (Cayman) Stock Up 1.0 %

Shares of NYSE:ZTO opened at $18.11 on Tuesday. ZTO Express has a 12 month low of $15.90 and a 12 month high of $27.50. The company’s 50-day moving average price is $19.73 and its two-hundred day moving average price is $21.14. The firm has a market cap of $10.94 billion, a P/E ratio of 12.49, a P/E/G ratio of 0.98 and a beta of -0.15.

Institutional Investors Weigh In On ZTO Express (Cayman)

Institutional investors have recently made changes to their positions in the stock. American Century Companies Inc. raised its position in ZTO Express (Cayman) by 6.9% during the second quarter. American Century Companies Inc. now owns 866,829 shares of the transportation company’s stock valued at $17,987,000 after purchasing an additional 56,032 shares in the last quarter. DekaBank Deutsche Girozentrale raised its holdings in shares of ZTO Express (Cayman) by 0.6% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 162,992 shares of the transportation company’s stock worth $3,389,000 after buying an additional 1,047 shares in the last quarter. Oppenheimer Asset Management Inc. bought a new stake in shares of ZTO Express (Cayman) during the 2nd quarter worth $1,921,000. Envestnet Asset Management Inc. boosted its stake in ZTO Express (Cayman) by 1,731.7% in the second quarter. Envestnet Asset Management Inc. now owns 490,261 shares of the transportation company’s stock valued at $10,173,000 after buying an additional 463,496 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in ZTO Express (Cayman) by 2.4% in the second quarter. Dimensional Fund Advisors LP now owns 1,714,763 shares of the transportation company’s stock valued at $35,594,000 after acquiring an additional 40,449 shares during the last quarter. 41.65% of the stock is currently owned by 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.