ZTO Express (Cayman) (NYSE:ZTO) Raised 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 note released on Wednesday morning.

Separately, JPMorgan Chase & Co. started coverage on shares of ZTO Express (Cayman) in a research report on Wednesday, October 30th. They issued 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 assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $27.03.

ZTO Express (Cayman) Stock Down 1.1 %

ZTO Express (Cayman) stock opened at $19.00 on Wednesday. The stock has a market cap of $11.48 billion, a price-to-earnings ratio of 13.10, a PEG ratio of 0.98 and a beta of -0.09. The business has a 50-day simple moving average of $23.15 and a 200 day simple moving average of $21.98. ZTO Express has a 52 week low of $15.90 and a 52 week high of $27.50.

Hedge Funds Weigh In On ZTO Express (Cayman)

Large investors have recently modified their holdings of the company. Pzena Investment Management LLC boosted its position in ZTO Express (Cayman) by 18.1% during the third quarter. Pzena Investment Management LLC now owns 7,039,599 shares of the transportation company’s stock valued at $174,371,000 after buying an additional 1,079,327 shares during the period. Fisher Asset Management LLC boosted its holdings in ZTO Express (Cayman) by 10.0% during the 3rd quarter. Fisher Asset Management LLC now owns 3,484,318 shares of the transportation company’s stock valued at $86,307,000 after acquiring an additional 317,450 shares during the period. Hhlr Advisors LTD. grew its position in ZTO Express (Cayman) by 8,172.7% during the 3rd quarter. Hhlr Advisors LTD. now owns 3,003,008 shares of the transportation company’s stock worth $74,385,000 after acquiring an additional 2,966,708 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in ZTO Express (Cayman) by 2.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,714,763 shares of the transportation company’s stock worth $35,594,000 after purchasing an additional 40,449 shares during the period. Finally, Hsbc Holdings PLC lifted its position in ZTO Express (Cayman) by 8.3% in the second quarter. Hsbc Holdings PLC now owns 1,379,748 shares of the transportation company’s stock valued at $28,624,000 after purchasing an additional 105,280 shares during the last quarter. 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.