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

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

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

ZTO Express (Cayman) Price Performance

NYSE:ZTO opened at $18.49 on Thursday. The company’s 50-day moving average is $22.84 and its two-hundred day moving average is $21.87. ZTO Express has a 1-year low of $15.90 and a 1-year high of $27.50. The firm has a market capitalization of $11.17 billion, a price-to-earnings ratio of 12.75, a PEG ratio of 0.95 and a beta of -0.13.

Hedge Funds Weigh In On ZTO Express (Cayman)

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Point72 DIFC Ltd acquired a new position in ZTO Express (Cayman) in the third quarter valued at $26,000. First Horizon Advisors Inc. purchased a new stake in shares of ZTO Express (Cayman) in the 2nd quarter valued at about $45,000. Van ECK Associates Corp boosted its position in shares of ZTO Express (Cayman) by 60.8% in the 3rd 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. purchased a new position in ZTO Express (Cayman) during the 3rd quarter worth approximately $46,000. Finally, Blue Trust Inc. increased its position in ZTO Express (Cayman) by 210.0% during the third quarter. Blue Trust Inc. now owns 2,303 shares of the transportation company’s stock worth $57,000 after buying an additional 1,560 shares during the period. 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.