ZTO Express (Cayman) (NYSE:ZTO) Sees Large Volume Increase - What's Next?

ZTO Express (Cayman) Inc. (NYSE:ZTO - Get Free Report) shares saw unusually-high trading volume on Wednesday . Approximately 3,965,206 shares traded hands during trading, an increase of 78% from the previous session's volume of 2,223,199 shares.The stock last traded at $18.73 and had previously closed at $19.22.

Analysts Set New Price Targets

Several research firms have recently issued reports on ZTO. 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 target price for the company. StockNews.com upgraded shares of ZTO Express (Cayman) from a "hold" rating to a "buy" rating in a research note on Tuesday, January 14th. Finally, HSBC lowered shares of ZTO Express (Cayman) from a "buy" rating to a "hold" rating and reduced their price target for the company from $28.00 to $20.00 in a research report on Tuesday. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, ZTO Express (Cayman) presently has an average rating of "Moderate Buy" and an average target price of $24.53.

ZTO Express (Cayman) Stock Down 2.4 %

The business's 50-day simple moving average is $19.34 and its 200 day simple moving average is $21.06. The firm has a market capitalization of $11.34 billion, a P/E ratio of 12.94, a PEG ratio of 0.96 and a beta of -0.15.

Hedge Funds Weigh In On ZTO Express (Cayman)

Several large investors have recently modified their holdings of ZTO. Cerity Partners LLC increased its holdings in ZTO Express (Cayman) by 3.7% in the 3rd quarter. Cerity Partners LLC now owns 18,913 shares of the transportation company's stock worth $468,000 after acquiring an additional 674 shares in the last quarter. Van ECK Associates Corp increased its holdings 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 acquiring an additional 690 shares in the last quarter. Point72 DIFC Ltd purchased a new stake in ZTO Express (Cayman) in the 3rd quarter worth approximately $26,000. Financial Counselors Inc. grew its holdings in ZTO Express (Cayman) by 11.1% during the 3rd quarter. Financial Counselors Inc. now owns 10,726 shares of the transportation company's stock valued at $266,000 after buying an additional 1,069 shares in the last quarter. Finally, Pitcairn Co. grew its holdings in ZTO Express (Cayman) by 4.8% during the 3rd quarter. Pitcairn Co. now owns 26,520 shares of the transportation company's stock valued at $657,000 after buying an additional 1,211 shares in the last quarter. 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.

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