Zacks Research Downgrades ZTO Express (Cayman) (NYSE:ZTO) to Hold

ZTO Express (Cayman) (NYSE:ZTO) was downgraded by stock analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a note issued to investors on Wednesday,Zacks.com reports.

A number of other brokerages have also recently issued reports on ZTO. JPMorgan Chase & Co. upped their price objective on shares of ZTO Express (Cayman) from $25.00 to $29.00 and gave the company an “overweight” rating in a research note on Monday, April 13th. Weiss Ratings cut shares of ZTO Express (Cayman) from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, May 20th. Morgan Stanley restated an “overweight” rating and set a $30.10 price target on shares of ZTO Express (Cayman) in a research report on Wednesday, May 20th. Finally, Wall Street Zen upgraded ZTO Express (Cayman) from a “hold” rating to a “buy” rating in a report on Saturday, April 11th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $27.03.

ZTO Express (Cayman) Stock Up 1.5%

Shares of NYSE:ZTO opened at $24.04 on Wednesday. The firm has a fifty day moving average price of $23.11 and a two-hundred day moving average price of $23.77. The company has a market cap of $13.56 billion, a price-to-earnings ratio of 14.75, a PEG ratio of 0.90 and a beta of -0.22. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.64 and a quick ratio of 1.64. ZTO Express has a one year low of $17.74 and a one year high of $26.20.

Institutional Investors Weigh In On ZTO Express (Cayman)

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ZTO. Global Retirement Partners LLC bought a new stake in ZTO Express (Cayman) during the second quarter valued at about $1,254,000. GSA Capital Partners LLP lifted its position in shares of ZTO Express (Cayman) by 1.3% in the second quarter. GSA Capital Partners LLP now owns 113,112 shares of the transportation company’s stock valued at $2,531,000 after acquiring an additional 1,422 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp boosted its stake in shares of ZTO Express (Cayman) by 150.6% in the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 205,776 shares of the transportation company’s stock worth $4,605,000 after acquiring an additional 123,675 shares during the period. HighTower Advisors LLC bought a new position in shares of ZTO Express (Cayman) in the second quarter worth about $234,000. Finally, KBC Group NV grew its position in shares of ZTO Express (Cayman) by 3.1% during the second quarter. KBC Group NV now owns 181,823 shares of the transportation company’s stock worth $4,069,000 after purchasing an additional 5,546 shares in the last quarter. 41.65% of the stock is owned by hedge funds and other institutional investors.

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.