ZTO Express (Cayman) (NYSE:ZTO) Upgraded to "Overweight" at JPMorgan Chase & Co.

ZTO Express (Cayman) (NYSE:ZTO - Get Free Report) was upgraded by analysts at JPMorgan Chase & Co. from a "neutral" rating to an "overweight" rating in a research note issued to investors on Thursday, Marketbeat Ratings reports. The brokerage currently has a $21.00 price objective on the transportation company's stock, down from their prior price objective of $23.00. JPMorgan Chase & Co.'s price objective indicates a potential upside of 19.39% from the company's previous close.

Several other analysts have also recently weighed in on the company. Citigroup cut their price objective on ZTO Express (Cayman) from $26.40 to $22.60 and set a "buy" rating on the stock in a research report on Thursday, May 22nd. Hsbc Global Res raised ZTO Express (Cayman) from a "hold" rating to a "strong-buy" rating in a research report on Monday, April 14th. Bank of America cut ZTO Express (Cayman) from a "buy" rating to a "neutral" rating and cut their price objective for the company from $24.00 to $19.00 in a research report on Thursday, May 22nd. Wall Street Zen cut ZTO Express (Cayman) from a "buy" rating to a "hold" rating in a research report on Saturday, May 24th. Finally, HSBC raised ZTO Express (Cayman) from a "hold" rating to a "buy" rating and set a $22.00 price target on the stock in a research report on Monday, April 14th. Three investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, ZTO Express (Cayman) currently has an average rating of "Moderate Buy" and a consensus target price of $21.16.

ZTO Express (Cayman) Stock Performance

Shares of NYSE ZTO traded down $0.27 during trading hours on Thursday, hitting $17.59. The company's stock had a trading volume of 5,223,147 shares, compared to its average volume of 2,801,648. The stock has a market cap of $10.53 billion, a price-to-earnings ratio of 12.13, a P/E/G ratio of 1.03 and a beta of -0.14. ZTO Express has a 12 month low of $16.34 and a 12 month high of $27.50. The business has a 50-day simple moving average of $18.48 and a 200-day simple moving average of $19.15.

ZTO Express (Cayman) (NYSE:ZTO - Get Free Report) last posted its earnings results on Tuesday, March 18th. The transportation company reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by ($0.02). The business had revenue of $1.77 billion during the quarter, compared to the consensus estimate of $11.73 billion. ZTO Express (Cayman) had a return on equity of 15.44% and a net margin of 20.56%. On average, equities research analysts forecast that ZTO Express will post 1.57 EPS for the current year.

Institutional Trading of ZTO Express (Cayman)

Institutional investors and hedge funds have recently modified their holdings of the stock. UMB Bank n.a. raised its stake in ZTO Express (Cayman) by 106.4% in the first quarter. UMB Bank n.a. now owns 1,288 shares of the transportation company's stock worth $26,000 after buying an additional 664 shares in the last quarter. First Horizon Advisors Inc. increased its position in shares of ZTO Express (Cayman) by 70.8% in the 1st quarter. First Horizon Advisors Inc. now owns 2,132 shares of the transportation company's stock valued at $42,000 after acquiring an additional 884 shares during the period. Brooklyn Investment Group increased its position in shares of ZTO Express (Cayman) by 443,600.0% in the 1st quarter. Brooklyn Investment Group now owns 4,437 shares of the transportation company's stock valued at $88,000 after acquiring an additional 4,436 shares during the period. Blue Trust Inc. increased its position in shares of ZTO Express (Cayman) by 119.8% in the 4th quarter. Blue Trust Inc. now owns 5,061 shares of the transportation company's stock valued at $99,000 after acquiring an additional 2,758 shares during the period. Finally, U S Global Investors Inc. increased its position in shares of ZTO Express (Cayman) by 47.0% in the 1st quarter. U S Global Investors Inc. now owns 10,101 shares of the transportation company's stock valued at $200,000 after acquiring an additional 3,229 shares during the period. Institutional investors own 41.65% of the company's stock.

About ZTO Express (Cayman)

ZTO Express (Cayman) Inc provides express delivery and other value-added logistics services in the People's Republic of China. It offers freight forwarding services; and delivery services for e-commerce and traditional merchants, and other express service users. The company was founded in 2002 and is headquartered in Shanghai, the People's Republic of China.