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

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

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

ZTO Express (Cayman) Stock Performance

ZTO stock traded up $0.42 on Wednesday, reaching $19.21. The company’s stock had a trading volume of 5,987,693 shares, compared to its average volume of 3,479,722. The business has a fifty day simple moving average of $23.28 and a two-hundred day simple moving average of $22.02. ZTO Express has a 12-month low of $15.90 and a 12-month high of $27.50. 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.

Institutional Investors Weigh In On ZTO Express (Cayman)

Large investors have recently bought and sold shares of the business. Point72 DIFC Ltd bought a new stake in shares of ZTO Express (Cayman) during the 3rd quarter valued at about $26,000. First Horizon Advisors Inc. bought a new stake in shares of ZTO Express (Cayman) during the 2nd quarter valued at about $45,000. Van ECK Associates Corp grew its stake 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 purchasing an additional 690 shares during the period. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of ZTO Express (Cayman) during the 3rd quarter valued at about $46,000. Finally, Blue Trust Inc. grew its stake in shares of ZTO Express (Cayman) by 210.0% during the 3rd quarter. Blue Trust Inc. now owns 2,303 shares of the transportation company’s stock valued at $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.