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

StockNews.com cut shares of ZTO Express (Cayman) (NYSE:ZTO) from a buy rating to a hold rating in a report issued on Monday.

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

ZTO Express (Cayman) Stock Performance

NYSE:ZTO opened at $18.95 on Monday. The firm has a market cap of $11.45 billion, a P/E ratio of 13.07, a P/E/G 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. The firm has a 50-day simple moving average of $20.01 and a two-hundred day simple moving average of $21.20.

Institutional Trading of ZTO Express (Cayman)

Large investors have recently made changes to their positions in the stock. Point72 DIFC Ltd purchased a new stake in ZTO Express (Cayman) in the third quarter worth approximately $26,000. Van ECK Associates Corp lifted its holdings in shares of 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 buying an additional 690 shares during the period. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of ZTO Express (Cayman) during the 3rd quarter valued at $46,000. Blue Trust Inc. boosted its stake in shares of 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 buying an additional 1,560 shares during the last quarter. Finally, Confluence Investment Management LLC bought a new stake in shares of ZTO Express (Cayman) in the third quarter worth $222,000. 41.65% of the stock is currently owned by institutional investors.

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.