ZTO Express (Cayman) (NYSE:ZTO) Upgraded 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 issued to investors on Wednesday.

Separately, JPMorgan Chase & Co. began 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 analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, ZTO Express (Cayman) has a consensus rating of “Moderate Buy” and an average target price of $27.03.

ZTO Express (Cayman) Trading Down 1.1 %

ZTO Express (Cayman) stock opened at $19.00 on Wednesday. The firm has a market capitalization of $11.48 billion, a price-to-earnings ratio of 13.10, a price-to-earnings-growth ratio of 0.98 and a beta of -0.09. The firm’s fifty day moving average price is $23.15 and its two-hundred day moving average price is $21.98. ZTO Express has a 1-year low of $15.90 and a 1-year high of $27.50.

Hedge Funds Weigh In On ZTO Express (Cayman)

Several large investors have recently modified their holdings of ZTO. Cerity Partners LLC grew its position in shares of ZTO Express (Cayman) by 3.7% in the third quarter. Cerity Partners LLC now owns 18,913 shares of the transportation company’s stock valued at $468,000 after purchasing an additional 674 shares in the last quarter. Van ECK Associates Corp boosted its stake in 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 worth $46,000 after purchasing an additional 690 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in ZTO Express (Cayman) by 4.5% during the 2nd 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 in the last quarter. DekaBank Deutsche Girozentrale increased its position in shares of 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 purchased a new stake in shares of ZTO Express (Cayman) in the third quarter worth about $26,000. Hedge funds and other institutional investors own 41.65% of the company’s stock.

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.