ZTO Express (Cayman) (NYSE:ZTO) Rating Increased to Buy at StockNews.com

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

Separately, JPMorgan Chase & Co. assumed coverage on ZTO Express (Cayman) in a research note on Wednesday, October 30th. They set an “overweight” rating and a $30.00 price objective for the company. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $27.03.

ZTO Express (Cayman) Price Performance

Shares of NYSE:ZTO traded up $0.42 during mid-day trading on Wednesday, reaching $19.21. 5,987,693 shares of the company traded hands, compared to its average volume of 3,479,722. The company’s 50 day moving average price is $23.28 and its 200-day moving average price is $22.02. The firm has a market cap of $11.61 billion, a PE ratio of 13.25, a PEG ratio of 0.97 and a beta of -0.09. ZTO Express has a 52 week low of $15.90 and a 52 week high of $27.50.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Point72 DIFC Ltd bought a new position in ZTO Express (Cayman) in the 3rd quarter worth approximately $26,000. First Horizon Advisors Inc. bought a new position in ZTO Express (Cayman) in the 2nd quarter worth approximately $45,000. Van ECK Associates Corp boosted its stake 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 purchasing an additional 690 shares during the period. Point72 Asia Singapore Pte. Ltd. bought a new position in ZTO Express (Cayman) in the 3rd quarter worth approximately $46,000. Finally, Blue Trust Inc. boosted its stake in 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 purchasing an additional 1,560 shares during the period. 41.65% of the stock is currently owned by institutional investors.

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.