ZTO Express (Cayman) (NYSE:ZTO) Cut to “Hold” at StockNews.com

StockNews.com lowered shares of ZTO Express (Cayman) (NYSE:ZTO) from a buy rating to a hold rating in a research note issued to investors on Monday.

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

ZTO Express (Cayman) Stock Down 0.7 %

Shares of ZTO Express (Cayman) stock opened at $18.95 on Monday. The company’s fifty day simple moving average is $20.01 and its two-hundred day simple moving average is $21.20. ZTO Express has a 12-month low of $15.90 and a 12-month high of $27.50. The firm has a market cap of $11.45 billion, a PE ratio of 13.07, a price-to-earnings-growth ratio of 0.98 and a beta of -0.15.

Hedge Funds Weigh In On ZTO Express (Cayman)

Several hedge funds and other institutional investors have recently modified their holdings of ZTO. Hhlr Advisors LTD. grew its position in shares of ZTO Express (Cayman) by 8,172.7% in the 3rd quarter. Hhlr Advisors LTD. now owns 3,003,008 shares of the transportation company’s stock worth $74,385,000 after buying an additional 2,966,708 shares during the period. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in ZTO Express (Cayman) during the third quarter worth about $29,350,000. Pzena Investment Management LLC grew its holdings in ZTO Express (Cayman) by 18.1% in the third quarter. Pzena Investment Management LLC now owns 7,039,599 shares of the transportation company’s stock worth $174,371,000 after purchasing an additional 1,079,327 shares during the period. Point72 Asset Management L.P. bought a new position in shares of ZTO Express (Cayman) during the third quarter valued at approximately $12,407,000. Finally, Envestnet Asset Management Inc. lifted its holdings in shares of ZTO Express (Cayman) by 1,731.7% during the second quarter. Envestnet Asset Management Inc. now owns 490,261 shares of the transportation company’s stock valued at $10,173,000 after purchasing an additional 463,496 shares during the last quarter. Hedge funds and other 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.