ZTO Express (Cayman) (NYSE:ZTO) Stock Rating Upgraded by Zacks Research

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

ZTO has been the subject of a number of other research reports. Wall Street Zen upgraded ZTO Express (Cayman) from a “hold” rating to a “buy” rating in a research report on Saturday, April 11th. Weiss Ratings cut ZTO Express (Cayman) from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, May 20th. JPMorgan Chase & Co. boosted their price objective on ZTO Express (Cayman) from $25.00 to $29.00 and gave the stock an “overweight” rating in a report on Monday, April 13th. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $30.10 price objective on shares of ZTO Express (Cayman) in a research note on Wednesday, May 20th. Two research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $27.03.

ZTO Express (Cayman) Stock Performance

Shares of NYSE ZTO opened at $23.22 on Tuesday. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $13.09 billion, a price-to-earnings ratio of 14.24, a PEG ratio of 0.88 and a beta of -0.22. The stock’s fifty day simple moving average is $23.16 and its 200 day simple moving average is $23.40. ZTO Express has a 52-week low of $17.56 and a 52-week high of $26.20.

Institutional Trading of ZTO Express (Cayman)

Several institutional investors have recently made changes to their positions in ZTO. Morgan Stanley grew its position in ZTO Express (Cayman) by 1.3% during the fourth quarter. Morgan Stanley now owns 5,459,308 shares of the transportation company’s stock valued at $114,045,000 after purchasing an additional 69,529 shares in the last quarter. Todd Asset Management LLC lifted its position in ZTO Express (Cayman) by 17.8% in the 4th quarter. Todd Asset Management LLC now owns 1,697,019 shares of the transportation company’s stock worth $35,451,000 after buying an additional 257,021 shares in the last quarter. Capitolis Liquid Global Markets LLC acquired a new stake in shares of ZTO Express (Cayman) during the 3rd quarter valued at $25,672,000. Teachers Retirement System of The State of Kentucky boosted its stake in shares of 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 valued at $22,504,000 after buying an additional 181,600 shares during the period. Finally, State Street Corp grew its holdings in shares of ZTO Express (Cayman) by 2.8% during the 4th quarter. State Street Corp now owns 981,894 shares of the transportation company’s stock valued at $20,512,000 after acquiring an additional 26,776 shares in the last quarter. 41.65% of the stock is currently owned by institutional investors and hedge funds.

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.