ZTO Express (Cayman) (NYSE:ZTO) Downgraded by StockNews.com to Hold

ZTO Express (Cayman) (NYSE:ZTO) was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating in a report issued on Monday.

Separately, JPMorgan Chase & Co. initiated coverage on ZTO Express (Cayman) in a research note on Wednesday, October 30th. They issued an “overweight” rating and a $30.00 price objective on the stock. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $27.03.

ZTO Express (Cayman) Price Performance

Shares of NYSE:ZTO traded down $0.36 during midday trading on Monday, hitting $18.92. The company had a trading volume of 2,496,350 shares, compared to its average volume of 2,368,017. The company has a market cap of $11.43 billion, a price-to-earnings ratio of 13.05, a PEG ratio of 0.98 and a beta of -0.15. The company has a fifty day moving average of $20.30 and a two-hundred day moving average of $21.25. ZTO Express has a 12-month low of $15.90 and a 12-month high of $27.50.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Point72 DIFC Ltd bought a new position in ZTO Express (Cayman) during the third quarter valued at approximately $26,000. Van ECK Associates Corp grew its holdings in shares of ZTO Express (Cayman) by 60.8% in the third quarter. Van ECK Associates Corp now owns 1,825 shares of the transportation company’s stock valued at $46,000 after purchasing an additional 690 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in ZTO Express (Cayman) in the third quarter worth $46,000. Blue Trust Inc. raised its stake in ZTO Express (Cayman) by 210.0% during the third quarter. Blue Trust Inc. now owns 2,303 shares of the transportation company’s stock valued at $57,000 after purchasing an additional 1,560 shares in the last quarter. Finally, Confluence Investment Management LLC purchased a new stake in ZTO Express (Cayman) during the third quarter valued at $222,000. Institutional investors own 41.65% of the company’s stock.

About ZTO Express (Cayman)

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.