ZTO Express (Cayman) (NYSE:ZTO) Cut to Hold at Wall Street Zen

Wall Street Zen cut shares of ZTO Express (Cayman) (NYSE:ZTO) from a buy rating to a hold rating in a research report sent to investors on Saturday morning.

Other analysts have also recently issued reports about the company. Macquarie Infrastructure raised ZTO Express (Cayman) from a “hold” rating to a “strong-buy” rating in a report on Sunday, February 8th. Weiss Ratings reissued a “hold (c)” rating on shares of ZTO Express (Cayman) in a report on Monday, December 29th. Finally, Zacks Research lowered shares of ZTO Express (Cayman) from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 7th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $22.36.

ZTO Express (Cayman) Stock Down 0.1%

NYSE ZTO opened at $25.26 on Friday. The stock has a market capitalization of $14.89 billion, a P/E ratio of 16.73, a P/E/G ratio of 4.77 and a beta of -0.18. ZTO Express has a 52-week low of $16.34 and a 52-week high of $25.52. The firm has a 50-day moving average price of $22.52 and a 200 day moving average price of $20.48.

Institutional Trading of ZTO Express (Cayman)

Large investors have recently made changes to their positions in the stock. Caitong International Asset Management Co. Ltd purchased a new position in ZTO Express (Cayman) in the 4th quarter valued at about $25,000. Leonteq Securities AG purchased a new position in shares of ZTO Express (Cayman) during the fourth quarter valued at approximately $30,000. Atlas Capital Advisors Inc. purchased a new position in shares of ZTO Express (Cayman) during the fourth quarter valued at approximately $35,000. Smartleaf Asset Management LLC boosted its position in ZTO Express (Cayman) by 61.4% during the second quarter. Smartleaf Asset Management LLC now owns 2,021 shares of the transportation company’s stock worth $36,000 after acquiring an additional 769 shares during the last quarter. Finally, First Horizon Corp purchased a new stake in ZTO Express (Cayman) in the 3rd quarter worth approximately $40,000. Institutional investors and hedge funds own 41.65% of the company’s stock.

ZTO Express (Cayman) Company Profile

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.