Zacks Research upgraded shares of ZTO Express (Cayman) (NYSE:ZTO – Free Report) from a hold rating to a strong-buy rating in a research report released on Tuesday morning,Zacks.com reports.
Other equities research analysts have also recently issued reports about the company. Weiss Ratings cut ZTO Express (Cayman) from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, May 20th. JPMorgan Chase & Co. increased their target price on ZTO Express (Cayman) from $25.00 to $29.00 and gave the stock an “overweight” rating in a report on Monday, April 13th. Wall Street Zen upgraded ZTO Express (Cayman) from a “hold” rating to a “buy” rating in a research note on Saturday, April 11th. Finally, Morgan Stanley reaffirmed an “overweight” rating and issued a $30.10 price target on shares of ZTO Express (Cayman) in a report on Wednesday, May 20th. Two research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $27.03.
Read Our Latest Analysis on ZTO
ZTO Express (Cayman) Trading Up 0.2%
Institutional Trading of ZTO Express (Cayman)
Hedge funds and other institutional investors have recently modified their holdings of the company. Confluence Investment Management LLC lifted its position in shares of ZTO Express (Cayman) by 11.4% in the second quarter. Confluence Investment Management LLC now owns 13,966 shares of the transportation company’s stock worth $313,000 after purchasing an additional 1,426 shares in the last quarter. Systematic Alpha Investments LLC bought a new position in ZTO Express (Cayman) in the first quarter valued at $269,000. EverSource Wealth Advisors LLC increased its stake in ZTO Express (Cayman) by 53.6% in the 1st quarter. EverSource Wealth Advisors LLC now owns 8,729 shares of the transportation company’s stock valued at $220,000 after buying an additional 3,045 shares during the last quarter. Quantinno Capital Management LP increased its stake in ZTO Express (Cayman) by 31.0% in the 1st quarter. Quantinno Capital Management LP now owns 184,217 shares of the transportation company’s stock valued at $4,637,000 after buying an additional 43,585 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its position in ZTO Express (Cayman) by 400.2% during the 1st quarter. Renaissance Technologies LLC now owns 618,800 shares of the transportation company’s stock worth $15,575,000 after buying an additional 495,100 shares in the last quarter. Institutional investors and hedge funds own 41.65% of the company’s stock.
ZTO Express (Cayman) Company Profile
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.
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