ZTO Express (Cayman) (NYSE:ZTO) Upgraded at StockNews.com

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

Separately, JPMorgan Chase & Co. began coverage on shares of ZTO Express (Cayman) in a research note on Wednesday, October 30th. They issued an “overweight” rating and a $30.00 price target on the stock. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $27.03.

ZTO Express (Cayman) Price Performance

ZTO traded down $0.04 during trading on Wednesday, hitting $19.76. The stock had a trading volume of 1,258,733 shares, compared to its average volume of 3,450,038. The firm has a market cap of $11.94 billion, a price-to-earnings ratio of 13.63, a P/E/G ratio of 0.98 and a beta of -0.13. The company has a 50 day moving average price of $21.17 and a 200-day moving average price of $21.42. ZTO Express has a one year low of $15.90 and a one year high of $27.50.

Institutional Trading of ZTO Express (Cayman)

Large investors have recently modified their holdings of the stock. Point72 DIFC Ltd acquired a new position in ZTO Express (Cayman) in the third quarter valued at about $26,000. Van ECK Associates Corp raised its position in shares of 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 valued at $46,000 after buying an additional 690 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of ZTO Express (Cayman) in the 3rd quarter valued at approximately $46,000. Blue Trust Inc. boosted its position 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 worth $57,000 after acquiring an additional 1,560 shares in the last quarter. Finally, Confluence Investment Management LLC acquired a new stake in shares of ZTO Express (Cayman) during the 3rd quarter worth approximately $222,000. 41.65% of the stock is owned by institutional investors and hedge funds.

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.