ZTO Express (Cayman) (NYSE:ZTO) Upgraded by StockNews.com to Buy Rating

StockNews.com upgraded shares of ZTO Express (Cayman) (NYSE:ZTO) from a hold rating to a buy rating in a report issued on Wednesday morning.

Separately, JPMorgan Chase & Co. initiated coverage on shares of ZTO Express (Cayman) in a research report on Wednesday, October 30th. They set an “overweight” rating and a $30.00 target price on the stock. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $27.03.

ZTO Express (Cayman) Trading Up 2.2 %

Shares of NYSE ZTO opened at $19.21 on Wednesday. The firm’s 50-day moving average price is $23.28 and its 200-day moving average price is $22.02. The stock has a market capitalization of $11.61 billion, a price-to-earnings ratio of 13.25, a P/E/G ratio of 0.97 and a beta of -0.09. ZTO Express has a 12-month low of $15.90 and a 12-month high of $27.50.

Hedge Funds Weigh In On ZTO Express (Cayman)

Hedge funds have recently added to or reduced their stakes in the company. Teachers Retirement System of The State of Kentucky grew its holdings in ZTO Express (Cayman) by 20.9% during the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 564,570 shares of the transportation company’s stock valued at $11,822,000 after purchasing an additional 97,600 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new position in ZTO Express (Cayman) during the 3rd quarter valued at about $8,723,000. Renaissance Technologies LLC grew its holdings in ZTO Express (Cayman) by 60.9% during the 2nd quarter. Renaissance Technologies LLC now owns 167,300 shares of the transportation company’s stock valued at $3,471,000 after purchasing an additional 63,300 shares during the last quarter. Public Sector Pension Investment Board grew its holdings in ZTO Express (Cayman) by 17.7% during the 2nd quarter. Public Sector Pension Investment Board now owns 144,347 shares of the transportation company’s stock valued at $2,995,000 after purchasing an additional 21,750 shares during the last quarter. Finally, Scientech Research LLC bought a new position in ZTO Express (Cayman) during the 2nd quarter valued at about $927,000. 41.65% of the stock is currently owned by institutional investors.

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.