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

ZTO Express (Cayman) (NYSE:ZTO - Get Free Report) was upgraded by investment analysts at JPMorgan Chase & Co. from a "neutral" rating to an "overweight" rating in a report issued on Thursday, Marketbeat Ratings reports. The firm presently has a $21.00 target price on the transportation company's stock, down from their prior target price of $23.00. JPMorgan Chase & Co.'s price target would indicate a potential upside of 22.26% from the company's current price.

A number of other research firms also recently weighed in on ZTO. Citigroup decreased their price target on shares of ZTO Express (Cayman) from $26.40 to $22.60 and set a "buy" rating for the company in a research report on Thursday, May 22nd. Hsbc Global Res raised shares of ZTO Express (Cayman) from a "hold" rating to a "strong-buy" rating in a research report on Monday, April 14th. Bank of America downgraded shares of ZTO Express (Cayman) from a "buy" rating to a "neutral" rating and decreased their price target for the stock from $24.00 to $19.00 in a research report on Thursday, May 22nd. Wall Street Zen downgraded shares of ZTO Express (Cayman) from a "buy" rating to a "hold" rating in a research report on Saturday, May 24th. Finally, HSBC raised shares of ZTO Express (Cayman) from a "hold" rating to a "buy" rating and set a $22.00 price target for the company in a research report on Monday, April 14th. Three investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $21.16.

ZTO Express (Cayman) Trading Down 2.4%

NYSE:ZTO traded down $0.42 during trading hours on Thursday, hitting $17.18. The stock had a trading volume of 876,287 shares, compared to its average volume of 2,786,562. ZTO Express has a 1-year low of $16.34 and a 1-year high of $27.50. The business has a 50 day simple moving average of $18.48 and a two-hundred day simple moving average of $19.13. The company has a market cap of $10.28 billion, a PE ratio of 11.86, a price-to-earnings-growth ratio of 1.03 and a beta of -0.14.

ZTO Express (Cayman) (NYSE:ZTO - Get Free Report) last issued its quarterly earnings data 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). ZTO Express (Cayman) had a net margin of 20.56% and a return on equity of 15.44%. The firm had revenue of $1.77 billion during the quarter, compared to analyst estimates of $11.73 billion. Research analysts expect that ZTO Express will post 1.57 EPS for the current fiscal year.

Hedge Funds Weigh In On ZTO Express (Cayman)

Hedge funds have recently added to or reduced their stakes in the business. ABC Arbitrage SA acquired a new position in ZTO Express (Cayman) in the fourth quarter worth $316,000. XY Capital Ltd boosted its position in ZTO Express (Cayman) by 208.9% during the 4th quarter. XY Capital Ltd now owns 396,873 shares of the transportation company's stock valued at $7,759,000 after purchasing an additional 268,387 shares during the period. Blue Trust Inc. boosted its position in ZTO Express (Cayman) by 119.8% during the 4th quarter. Blue Trust Inc. now owns 5,061 shares of the transportation company's stock valued at $99,000 after purchasing an additional 2,758 shares during the period. LPL Financial LLC acquired a new position in ZTO Express (Cayman) during the 4th quarter valued at approximately $232,000. Finally, Brandes Investment Partners LP lifted its stake in ZTO Express (Cayman) by 1.1% in the fourth quarter. Brandes Investment Partners LP now owns 2,395,333 shares of the transportation company's stock valued at $46,829,000 after buying an additional 24,903 shares during the last quarter. Institutional investors and hedge funds own 41.65% of the company's stock.

ZTO Express (Cayman) Company Profile

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.