Zto Express Inc (NYSE:ZTO) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued on Saturday.

According to Zacks, “ZTO Express Inc. is an express delivery company. It provides express delivery service through its nationwide network as well as other value-added logistics services. The Company offers route planning and optimization, waybill tracking system and transportation management system. ZTO Express Inc. is based in Shanghai, China. “

Several other equities research analysts have also weighed in on ZTO. CLSA started coverage on Zto Express in a research report on Monday, June 26th. They issued a “sell” rating on the stock. UBS AG started coverage on Zto Express in a research report on Tuesday, July 11th. They issued a “buy” rating on the stock. Finally, HSBC Holdings plc started coverage on Zto Express in a research report on Tuesday. They issued a “reduce” rating and a $12.50 target price on the stock. Three equities research analysts have rated the stock with a sell rating and six have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $17.36.

Zto Express (NYSE:ZTO) opened at 13.25 on Friday. Zto Express has a 52-week low of $11.14 and a 52-week high of $18.45. The company has a 50-day moving average of $14.73 and a 200-day moving average of $13.71. The stock has a market capitalization of $9.55 billion and a price-to-earnings ratio of 28.68.

Zto Express (NYSE:ZTO) last issued its earnings results on Wednesday, May 17th. The transportation company reported $0.10 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.09 by $0.01. The company had revenue of $2.61 billion during the quarter, compared to analyst estimates of $2.58 billion. The firm’s revenue was up 33.5% compared to the same quarter last year. Equities research analysts expect that Zto Express will post $0.62 EPS for the current year.

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Several hedge funds and other institutional investors have recently modified their holdings of ZTO. Great West Life Assurance Co. Can raised its position in shares of Zto Express by 1.2% in the second quarter. Great West Life Assurance Co. Can now owns 10,123 shares of the transportation company’s stock worth $141,000 after buying an additional 123 shares during the period. Wells Fargo & Company MN raised its position in shares of Zto Express by 7.4% in the second quarter. Wells Fargo & Company MN now owns 13,199 shares of the transportation company’s stock worth $184,000 after buying an additional 907 shares during the period. Northern Trust Corp raised its position in shares of Zto Express by 2.0% in the second quarter. Northern Trust Corp now owns 80,116 shares of the transportation company’s stock worth $1,117,000 after buying an additional 1,603 shares during the period. Quantitative Systematic Strategies LLC raised its position in shares of Zto Express by 29.2% in the first quarter. Quantitative Systematic Strategies LLC now owns 22,240 shares of the transportation company’s stock worth $291,000 after buying an additional 5,021 shares during the period. Finally, Dynamic Technology Lab Private Ltd acquired a new position in shares of Zto Express during the first quarter worth approximately $137,000. 20.32% of the stock is currently owned by institutional investors.

Zto Express Company Profile

ZTO Express (Cayman) Inc is an express delivery company in China. The Company provides express delivery service through its nationwide network, as well as other value-added logistics services. The Company provides its services for a range of online merchants and consumers transacting on the Chinese e-commerce platforms, such as Alibaba and JD.com.

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