ZTO Express (Cayman) (NYSE:ZTO) Trading Up 3.3% - Still a Buy?

ZTO Express (Cayman) Inc. (NYSE:ZTO - Get Free Report) shares shot up 3.3% during mid-day trading on Tuesday . The stock traded as high as $20.03 and last traded at $20.00. 1,067,866 shares traded hands during mid-day trading, a decline of 69% from the average session volume of 3,456,593 shares. The stock had previously closed at $19.37.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on ZTO. JPMorgan Chase & Co. assumed 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 cut shares of ZTO Express (Cayman) from a "buy" rating to a "hold" rating in a research report on Thursday, December 5th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $27.03.

ZTO Express (Cayman) Stock Up 3.5 %

The stock's 50-day moving average price is $21.75 and its 200 day moving average price is $21.56. The firm has a market capitalization of $12.11 billion, a price-to-earnings ratio of 13.82, a PEG ratio of 0.98 and a beta of -0.13.

Institutional Investors Weigh In On ZTO Express (Cayman)

Hedge funds have recently modified their holdings of the business. Point72 DIFC Ltd acquired a new stake in shares of ZTO Express (Cayman) in the third quarter valued at about $26,000. Van ECK Associates Corp boosted its stake in ZTO Express (Cayman) by 60.8% during the third quarter. Van ECK Associates Corp now owns 1,825 shares of the transportation company's stock worth $46,000 after buying an additional 690 shares during the period. Point72 Asia Singapore Pte. Ltd. purchased a new position in ZTO Express (Cayman) during the third quarter worth about $46,000. First Horizon Advisors Inc. acquired a new stake in shares of ZTO Express (Cayman) during the second quarter worth about $45,000. Finally, Blue Trust Inc. lifted its position in shares of ZTO Express (Cayman) by 210.0% during the third quarter. Blue Trust Inc. now owns 2,303 shares of the transportation company's stock worth $57,000 after purchasing an additional 1,560 shares in the last quarter. 41.65% of the stock is currently owned by institutional investors and hedge funds.

ZTO Express (Cayman) Company Profile

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.