ZTO Express (Cayman) (NYSE:ZTO) Downgraded to “Hold” Rating by Zacks Research

ZTO Express (Cayman) (NYSE:ZTO) was downgraded by equities researchers at Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday,Zacks.com reports.

Several other equities analysts have also recently issued reports on ZTO. JPMorgan Chase & Co. upped their price target on shares of ZTO Express (Cayman) from $25.00 to $29.00 and gave the company an “overweight” rating in a research report on Monday, April 13th. Wall Street Zen raised shares of ZTO Express (Cayman) from a “hold” rating to a “buy” rating in a research note on Saturday, April 11th. Weiss Ratings lowered shares of ZTO Express (Cayman) from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, May 20th. Finally, Morgan Stanley reissued an “overweight” rating and issued a $30.10 price objective on shares of ZTO Express (Cayman) in a research note on Wednesday, May 20th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, ZTO Express (Cayman) has an average rating of “Moderate Buy” and a consensus price target of $27.03.

ZTO Express (Cayman) Stock Up 1.5%

Shares of NYSE ZTO opened at $24.04 on Wednesday. The company has a 50 day simple moving average of $23.11 and a 200 day simple moving average of $23.77. The firm has a market cap of $13.56 billion, a PE ratio of 14.75, a price-to-earnings-growth ratio of 0.90 and a beta of -0.22. ZTO Express has a 1 year low of $17.74 and a 1 year high of $26.20. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.64 and a quick ratio of 1.64.

Institutional Investors Weigh In On ZTO Express (Cayman)

Institutional investors have recently modified their holdings of the company. Signaturefd LLC boosted its stake in ZTO Express (Cayman) by 22.5% during the fourth quarter. Signaturefd LLC now owns 2,693 shares of the transportation company’s stock worth $56,000 after buying an additional 494 shares during the period. Ethic Inc. raised its stake in shares of ZTO Express (Cayman) by 3.7% in the 4th quarter. Ethic Inc. now owns 15,943 shares of the transportation company’s stock valued at $333,000 after acquiring an additional 569 shares during the period. Smartleaf Asset Management LLC lifted its holdings in shares of ZTO Express (Cayman) by 61.4% in the 2nd 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. Orion Porfolio Solutions LLC lifted its holdings in shares of ZTO Express (Cayman) by 7.8% in the 3rd quarter. Orion Porfolio Solutions LLC now owns 14,617 shares of the transportation company’s stock worth $281,000 after acquiring an additional 1,053 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd acquired a new position in shares of ZTO Express (Cayman) in the 4th quarter worth approximately $25,000. 41.65% of the stock is owned by institutional investors.

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.