ZTO Express (Cayman) (NYSE:ZTO) Trading 3.3% Higher – Should You Buy?

ZTO Express (Cayman) Inc. (NYSE:ZTO) shares were up 3.3% on Tuesday . The stock traded as high as $20.03 and last traded at $20.00. Approximately 1,067,866 shares were traded during trading, a decline of 69% from the average daily volume of 3,456,593 shares. The stock had previously closed at $19.37.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. JPMorgan Chase & Co. assumed coverage on ZTO Express (Cayman) in a report on Wednesday, October 30th. They set an “overweight” rating and a $30.00 target price for the company. StockNews.com downgraded ZTO Express (Cayman) from a “buy” rating to a “hold” rating in a report on Thursday, December 5th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, ZTO Express (Cayman) has a consensus rating of “Moderate Buy” and an average price target of $27.03.

ZTO Express (Cayman) Stock Up 1.3 %

The company has a market capitalization of $12.04 billion, a PE ratio of 13.74, a price-to-earnings-growth ratio of 0.98 and a beta of -0.13. The firm’s 50 day simple moving average is $21.63 and its 200 day simple moving average is $21.54.

Institutional Trading of ZTO Express (Cayman)

Several institutional investors and hedge funds have recently made changes to their positions in ZTO. Public Employees Retirement System of Ohio bought a new stake in ZTO Express (Cayman) during the 3rd quarter valued at $4,721,000. Stifel Financial Corp raised its stake in shares of ZTO Express (Cayman) by 8.5% during the 3rd quarter. Stifel Financial Corp now owns 36,952 shares of the transportation company’s stock worth $915,000 after acquiring an additional 2,888 shares in the last quarter. Pinpoint Asset Management Ltd grew its holdings in ZTO Express (Cayman) by 16.7% in the third quarter. Pinpoint Asset Management Ltd now owns 105,162 shares of the transportation company’s stock worth $2,605,000 after purchasing an additional 15,071 shares during the last quarter. Point72 DIFC Ltd purchased a new stake in ZTO Express (Cayman) in the third quarter valued at about $26,000. Finally, Point72 Asset Management L.P. acquired a new stake in ZTO Express (Cayman) in the third quarter worth about $12,407,000. 41.65% of the stock is currently owned by institutional investors.

ZTO Express (Cayman) Company Profile

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.