ZTO Express (Cayman) (NYSE:ZTO) Stock Price Up 3.3% – What’s Next?

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

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on ZTO shares. JPMorgan Chase & Co. began 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. StockNews.com downgraded ZTO Express (Cayman) from a “buy” rating to a “hold” rating in a research report on Thursday, December 5th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, ZTO Express (Cayman) currently has an average rating of “Moderate Buy” and an average target price of $27.03.

ZTO Express (Cayman) Price Performance

The firm has a market capitalization of $12.04 billion, a price-to-earnings ratio of 13.74, a price-to-earnings-growth ratio of 0.98 and a beta of -0.13. The business’s 50 day moving average price is $21.63 and its 200-day moving average price is $21.54.

Institutional Investors Weigh In On ZTO Express (Cayman)

A number of large investors have recently added to or reduced their stakes in the business. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in ZTO Express (Cayman) in the 3rd quarter worth approximately $8,723,000. Fisher Asset Management LLC grew its holdings in 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 during the period. Renaissance Technologies LLC lifted its holdings in shares of 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 acquiring an additional 63,300 shares during the period. Public Sector Pension Investment Board boosted its position in shares of ZTO Express (Cayman) by 17.7% in 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 during the last quarter. Finally, Scientech Research LLC purchased a new stake in ZTO Express (Cayman) in the second quarter valued at approximately $927,000. 41.65% of the stock is owned by institutional investors and hedge funds.

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.