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

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

Separately, JPMorgan Chase & Co. initiated 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 research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $27.03.

ZTO Express (Cayman) Stock Performance

Shares of NYSE:ZTO opened at $19.21 on Wednesday. The firm has a market cap of $11.61 billion, a PE ratio of 13.25, a price-to-earnings-growth ratio of 0.97 and a beta of -0.09. The firm’s 50 day simple moving average is $23.28 and its 200-day simple moving average is $22.02. ZTO Express has a one year low of $15.90 and a one year high of $27.50.

Hedge Funds Weigh In On ZTO Express (Cayman)

Several institutional investors have recently bought and sold shares of the business. Cerity Partners LLC increased its holdings in ZTO Express (Cayman) by 3.7% during the third quarter. Cerity Partners LLC now owns 18,913 shares of the transportation company’s stock valued at $468,000 after buying an additional 674 shares during the period. Van ECK Associates Corp increased its holdings in 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 buying an additional 690 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in ZTO Express (Cayman) by 4.5% during the second quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 18,791 shares of the transportation company’s stock valued at $390,000 after buying an additional 816 shares during the period. DekaBank Deutsche Girozentrale increased its holdings in ZTO Express (Cayman) by 0.6% during the second quarter. DekaBank Deutsche Girozentrale now owns 162,992 shares of the transportation company’s stock valued at $3,389,000 after buying an additional 1,047 shares during the period. Finally, Point72 DIFC Ltd acquired a new stake in ZTO Express (Cayman) in the third quarter valued at approximately $26,000. 41.65% of the stock is owned by hedge funds and other 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.