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

ZTO Express (Cayman) (NYSE:ZTO) was downgraded by equities researchers at StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Monday.

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

ZTO Express (Cayman) Stock Performance

NYSE:ZTO opened at $19.08 on Monday. The firm has a market cap of $11.53 billion, a P/E ratio of 13.16, a P/E/G ratio of 0.98 and a beta of -0.15. ZTO Express has a 52 week low of $15.90 and a 52 week high of $27.50. The firm’s fifty day moving average is $20.10 and its 200-day moving average is $21.22.

Institutional Trading of ZTO Express (Cayman)

Several institutional investors and hedge funds have recently modified their holdings of ZTO. Pzena Investment Management LLC raised 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 purchasing an additional 1,079,327 shares in the last quarter. Fisher Asset Management LLC raised its holdings in shares of 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 buying an additional 317,450 shares in the last quarter. Hhlr Advisors LTD. lifted its position in ZTO Express (Cayman) by 8,172.7% in the 3rd quarter. Hhlr Advisors LTD. now owns 3,003,008 shares of the transportation company’s stock worth $74,385,000 after buying an additional 2,966,708 shares during the last quarter. Dimensional Fund Advisors LP lifted its position 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 buying an additional 40,449 shares during the last quarter. Finally, Hsbc Holdings PLC boosted its stake 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 worth $28,624,000 after buying an additional 105,280 shares in the last quarter. Hedge funds and other institutional investors own 41.65% of the company’s stock.

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.