StockNews.com cut shares of ZTO Express (Cayman) (NYSE:ZTO - Free Report) from a buy rating to a hold rating in a report published on Thursday morning.
Separately, JPMorgan Chase & Co. began 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 for the company. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, ZTO Express (Cayman) currently has an average rating of "Moderate Buy" and a consensus target price of $27.03.
View Our Latest Stock Analysis on ZTO
ZTO Express (Cayman) Price Performance
ZTO stock traded down $0.02 during midday trading on Thursday, reaching $18.64. The company had a trading volume of 1,826,893 shares, compared to its average volume of 3,464,467. ZTO Express has a 1 year low of $15.90 and a 1 year high of $27.50. The company has a market capitalization of $11.26 billion, a P/E ratio of 12.86, a P/E/G ratio of 0.97 and a beta of -0.13. The firm has a 50-day moving average price of $22.84 and a 200-day moving average price of $21.87.
Institutional Investors Weigh In On ZTO Express (Cayman)
Hedge funds have recently made changes to their positions in the business. Point72 DIFC Ltd bought a new stake in shares of ZTO Express (Cayman) in the 3rd quarter worth approximately $26,000. Van ECK Associates Corp lifted its holdings 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 worth $46,000 after acquiring an additional 690 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of ZTO Express (Cayman) in the 3rd quarter worth approximately $46,000. First Horizon Advisors Inc. bought a new stake in shares of ZTO Express (Cayman) in the 2nd quarter worth approximately $45,000. Finally, Blue Trust Inc. lifted its holdings in shares of ZTO Express (Cayman) by 210.0% in the 3rd quarter. Blue Trust Inc. now owns 2,303 shares of the transportation company's stock worth $57,000 after acquiring an additional 1,560 shares during the last quarter. 41.65% of the stock is currently owned by institutional investors.
About ZTO Express (Cayman)
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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.
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