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

ZTO Express (Cayman) (NYSE:ZTO) was downgraded by research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued to investors on Monday.

Separately, JPMorgan Chase & Co. started coverage on shares of ZTO Express (Cayman) in a report on Wednesday, October 30th. They set an “overweight” rating and a $30.00 price target for the company. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $27.03.

ZTO Express (Cayman) Trading Down 1.9 %

Shares of ZTO Express (Cayman) stock traded down $0.36 on Monday, hitting $18.92. 2,496,350 shares of the company traded hands, compared to its average volume of 2,368,017. The firm’s 50-day simple moving average is $20.30 and its 200 day simple moving average is $21.25. ZTO Express has a 12-month low of $15.90 and a 12-month high of $27.50. The company has a market cap of $11.43 billion, a P/E ratio of 13.05, a P/E/G ratio of 0.98 and a beta of -0.15.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ZTO. Point72 DIFC Ltd purchased a new stake in shares of ZTO Express (Cayman) during the third quarter valued at approximately $26,000. Van ECK Associates Corp boosted its stake in ZTO Express (Cayman) by 60.8% during the 3rd quarter. Van ECK Associates Corp now owns 1,825 shares of the transportation company’s stock valued at $46,000 after purchasing 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 $46,000. Blue Trust Inc. raised its stake in shares of ZTO Express (Cayman) by 210.0% in 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 during the last quarter. Finally, Confluence Investment Management LLC lifted its holdings in shares of ZTO Express (Cayman) by 14.8% during the fourth quarter. Confluence Investment Management LLC now owns 10,282 shares of the transportation company’s stock valued at $201,000 after purchasing an additional 1,326 shares in the last quarter. Institutional investors own 41.65% of the company’s stock.

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.