ZTO Express (Cayman) (NYSE:ZTO) Stock Rating Lowered by Zacks Research

ZTO Express (Cayman) (NYSE:ZTOGet Free Report) was downgraded by analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a note issued to investors on Wednesday,Zacks.com reports.

A number of other brokerages have also recently issued reports on ZTO. Weiss Ratings cut ZTO Express (Cayman) from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, May 20th. Wall Street Zen upgraded ZTO Express (Cayman) from a “hold” rating to a “buy” rating in a research note on Saturday, April 11th. Morgan Stanley reissued an “overweight” rating and set a $30.10 price target on shares of ZTO Express (Cayman) in a report on Wednesday, May 20th. Finally, JPMorgan Chase & Co. boosted their price target on ZTO Express (Cayman) from $25.00 to $29.00 and gave the company an “overweight” rating in a research note on Monday, April 13th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $27.03.

Read Our Latest Report on ZTO

ZTO Express (Cayman) Trading Up 1.5%

Shares of ZTO Express (Cayman) stock opened at $24.04 on Wednesday. The business has a fifty day simple moving average of $23.11 and a two-hundred day simple moving average of $23.77. ZTO Express has a 1 year low of $17.74 and a 1 year high of $26.20. The company has a market capitalization of $13.56 billion, a price-to-earnings ratio of 14.75, a P/E/G ratio of 0.90 and a beta of -0.22. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.64 and a quick ratio of 1.64.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Morgan Stanley increased its position in ZTO Express (Cayman) by 1.3% during the 4th quarter. Morgan Stanley now owns 5,459,308 shares of the transportation company’s stock worth $114,045,000 after purchasing an additional 69,529 shares in the last quarter. Todd Asset Management LLC lifted its stake in shares of ZTO Express (Cayman) by 10.4% in the 2nd quarter. Todd Asset Management LLC now owns 1,891,052 shares of the transportation company’s stock valued at $42,322,000 after acquiring an additional 178,235 shares during the last quarter. Teachers Retirement System of The State of Kentucky lifted its stake in shares of ZTO Express (Cayman) by 20.3% in the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 1,077,250 shares of the transportation company’s stock valued at $22,504,000 after acquiring an additional 181,600 shares during the last quarter. State Street Corp boosted its holdings in shares of ZTO Express (Cayman) by 2.8% during the 4th quarter. State Street Corp now owns 981,894 shares of the transportation company’s stock valued at $20,512,000 after acquiring an additional 26,776 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in shares of ZTO Express (Cayman) by 1,506.9% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 920,352 shares of the transportation company’s stock valued at $23,165,000 after acquiring an additional 863,078 shares in the last quarter. Institutional investors and hedge funds own 41.65% of the company’s stock.

About ZTO Express (Cayman)

(Get Free Report)

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.

Further Reading

Analyst Recommendations for ZTO Express (Cayman) (NYSE:ZTO)

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