ZTO Express (Cayman) (NYSE:ZTO) Downgraded by Zacks Research to Hold

Zacks Research downgraded shares of ZTO Express (Cayman) (NYSE:ZTO) from a strong-buy rating to a hold rating in a report published on Wednesday,Zacks.com reports.

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

ZTO Express (Cayman) Trading Up 1.5%

Shares of NYSE:ZTO opened at $24.04 on Wednesday. ZTO Express has a 52 week low of $17.74 and a 52 week high of $26.20. The company’s 50 day moving average is $23.11 and its two-hundred day moving average is $23.77. The company has a market cap of $13.56 billion, a PE ratio of 14.75, a P/E/G ratio of 0.90 and a beta of -0.22. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 0.16.

Institutional Trading of ZTO Express (Cayman)

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Global Retirement Partners LLC purchased a new stake in shares of ZTO Express (Cayman) during the 2nd quarter worth approximately $1,254,000. GSA Capital Partners LLP grew its position in shares of ZTO Express (Cayman) by 1.3% in the 2nd quarter. GSA Capital Partners LLP now owns 113,112 shares of the transportation company’s stock valued at $2,531,000 after buying an additional 1,422 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp grew its position in shares of ZTO Express (Cayman) by 150.6% in the 2nd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 205,776 shares of the transportation company’s stock valued at $4,605,000 after buying an additional 123,675 shares during the last quarter. HighTower Advisors LLC acquired a new stake in ZTO Express (Cayman) during the 2nd quarter worth $234,000. Finally, KBC Group NV raised its stake in ZTO Express (Cayman) by 3.1% during the 2nd quarter. KBC Group NV now owns 181,823 shares of the transportation company’s stock worth $4,069,000 after acquiring an additional 5,546 shares in the last quarter. Institutional investors and hedge funds own 41.65% of the company’s stock.

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.