ZTO Express (Cayman) (NYSE:ZTO - Get Free Report) was upgraded by StockNews.com from a "hold" rating to a "buy" rating in a research report issued on Tuesday.
Separately, JPMorgan Chase & Co. began 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. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $27.03.
Check Out Our Latest Stock Report on ZTO
ZTO Express (Cayman) Price Performance
Shares of NYSE ZTO traded up $0.44 during midday trading on Tuesday, hitting $18.54. The stock had a trading volume of 1,856,152 shares, compared to its average volume of 2,156,269. The company's 50-day simple moving average is $19.64 and its 200 day simple moving average is $21.12. The firm has a market cap of $11.20 billion, a P/E ratio of 12.79, a price-to-earnings-growth ratio of 0.98 and a beta of -0.15. ZTO Express has a fifty-two week low of $15.90 and a fifty-two week high of $27.50.
Institutional Trading of ZTO Express (Cayman)
Hedge funds have recently modified their holdings of the company. Connor Clark & Lunn Investment Management Ltd. bought a new stake in ZTO Express (Cayman) in the third quarter valued at approximately $8,723,000. Fisher Asset Management LLC increased its position in shares of ZTO Express (Cayman) by 10.0% in 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 raised its stake in ZTO Express (Cayman) by 60.9% during 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 lifted its holdings in ZTO Express (Cayman) by 17.7% during the second 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 acquired a new position in ZTO Express (Cayman) in the second quarter valued at about $927,000. 41.65% of the stock is currently owned by institutional investors and hedge funds.
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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