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

StockNews.com cut shares of ZTO Express (Cayman) (NYSE:ZTO) from a buy rating to a hold rating in a report released on Monday morning.

Separately, JPMorgan Chase & Co. initiated 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 objective for the company. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $27.03.

ZTO Express (Cayman) Stock Down 1.9 %

Shares of NYSE ZTO opened at $18.92 on Monday. The company has a market cap of $11.43 billion, a price-to-earnings ratio of 13.05, a PEG ratio of 0.98 and a beta of -0.15. The firm’s fifty day moving average is $20.30 and its 200 day moving average is $21.25. ZTO Express has a 52 week low of $15.90 and a 52 week high of $27.50.

Institutional Investors Weigh In On ZTO Express (Cayman)

A number of large investors have recently modified their holdings of the stock. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in ZTO Express (Cayman) in the third quarter worth $8,723,000. Fisher Asset Management LLC boosted 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. Renaissance Technologies LLC grew its position in shares of ZTO Express (Cayman) by 60.9% in the 2nd quarter. Renaissance Technologies LLC now owns 167,300 shares of the transportation company’s stock worth $3,471,000 after buying an additional 63,300 shares during the period. Public Sector Pension Investment Board increased its stake in shares of ZTO Express (Cayman) by 17.7% in the 2nd quarter. Public Sector Pension Investment Board now owns 144,347 shares of the transportation company’s stock worth $2,995,000 after acquiring an additional 21,750 shares in the last quarter. Finally, Scientech Research LLC bought a new position in shares of ZTO Express (Cayman) in the 2nd quarter worth about $927,000. 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.