ZTO Express (Cayman) (NYSE:ZTO) Stock Rating Lowered by Wall Street Zen

ZTO Express (Cayman) (NYSE:ZTO) was downgraded by analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued on Saturday.

Other equities analysts have also recently issued reports about the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of ZTO Express (Cayman) in a research note on Monday, December 29th. Macquarie Infrastructure raised shares of ZTO Express (Cayman) from a “hold” rating to a “strong-buy” rating in a research note on Sunday, February 8th. Finally, Zacks Research cut ZTO Express (Cayman) from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 7th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $22.36.

ZTO Express (Cayman) Stock Down 0.7%

Shares of ZTO opened at $25.26 on Friday. The business has a fifty day moving average of $22.44 and a 200 day moving average of $20.45. The company has a market cap of $14.89 billion, a PE ratio of 16.73, a P/E/G ratio of 4.77 and a beta of -0.18. ZTO Express has a 52-week low of $16.34 and a 52-week high of $25.52.

Hedge Funds Weigh In On ZTO Express (Cayman)

Institutional investors have recently modified their holdings of the stock. Caitong International Asset Management Co. Ltd purchased a new stake in ZTO Express (Cayman) during the fourth quarter worth $25,000. Leonteq Securities AG bought a new position in shares of ZTO Express (Cayman) in the 4th quarter worth $30,000. Atlas Capital Advisors Inc. purchased a new stake in shares of ZTO Express (Cayman) during the 4th quarter worth $35,000. Smartleaf Asset Management LLC lifted its stake in shares of ZTO Express (Cayman) by 61.4% during the 2nd quarter. Smartleaf Asset Management LLC now owns 2,021 shares of the transportation company’s stock worth $36,000 after purchasing an additional 769 shares during the last quarter. Finally, First Horizon Corp bought a new stake in ZTO Express (Cayman) during the third quarter valued at about $40,000. 41.65% of the stock is owned by hedge funds and other institutional investors.

About ZTO Express (Cayman)

ZTO Express (Cayman) Inc is one of China’s leading express delivery companies, specializing in both domestic and cross-border parcel logistics. The company operates a technology-enabled network that connects shippers, independent pickup and delivery stations, regional sorting hubs and end customers. ZTO’s service portfolio includes standard express, heavy-weight parcel delivery, time-definite shipments and e-commerce logistics solutions tailored for online retailers and marketplaces.

Founded in 2002 and headquartered in Shanghai, ZTO has grown rapidly by leveraging a franchise-style operating model that engages a broad network of independent contractors.