ZTO Express (Cayman) (NYSE:ZTO) Rating Increased to Strong-Buy at Zacks Research

ZTO Express (Cayman) (NYSE:ZTO) was upgraded by investment analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued on Tuesday,Zacks.com reports.

A number of other equities research analysts have also issued reports on ZTO. JPMorgan Chase & Co. increased their price target on ZTO Express (Cayman) from $25.00 to $29.00 and gave the company an “overweight” rating in a research report on Monday, April 13th. Morgan Stanley reaffirmed an “overweight” rating and issued a $30.10 target price on shares of ZTO Express (Cayman) in a report on Wednesday, May 20th. Wall Street Zen upgraded shares of ZTO Express (Cayman) from a “hold” rating to a “buy” rating in a report on Saturday, April 11th. Finally, Weiss Ratings downgraded shares of ZTO Express (Cayman) from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, May 20th. Two research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $27.03.

ZTO Express (Cayman) Stock Up 0.2%

Shares of NYSE ZTO opened at $23.22 on Tuesday. The stock has a market cap of $13.09 billion, a P/E ratio of 14.24, a PEG ratio of 0.88 and a beta of -0.22. The business’s fifty day simple moving average is $23.16 and its 200-day simple moving average is $23.40. ZTO Express has a 12-month low of $17.56 and a 12-month high of $26.20. 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 made changes to their positions in the company. Teachers Retirement System of The State of Kentucky grew its stake in ZTO Express (Cayman) by 20.3% during the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 1,077,250 shares of the transportation company’s stock worth $22,504,000 after buying an additional 181,600 shares during the last quarter. Quadrant Capital Group LLC lifted its stake in ZTO Express (Cayman) by 245.4% in the third quarter. Quadrant Capital Group LLC now owns 109,272 shares of the transportation company’s stock valued at $2,098,000 after buying an additional 77,640 shares during the last quarter. Capitolis Liquid Global Markets LLC purchased a new stake in ZTO Express (Cayman) in the third quarter valued at approximately $25,672,000. KBC Group NV boosted its holdings in shares of ZTO Express (Cayman) by 13.6% in the fourth quarter. KBC Group NV now owns 170,061 shares of the transportation company’s stock valued at $3,553,000 after acquiring an additional 20,306 shares during the period. Finally, Dumac Inc. acquired a new stake in shares of ZTO Express (Cayman) in the fourth quarter valued at approximately $2,022,000. 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.