ZTO Express (Cayman) (NYSE:ZTO) Receives "Hold (C)" Rating from Weiss Ratings

Key Points

• Weiss Ratings has reiterated a **"Hold (C)"** rating for ZTO Express (Cayman), indicating a cautious outlook on the stock.
• Several analysts have set varied price targets for ZTO Express, with Morgan Stanley targeting **$24.20** and Bank of America increasing its target from **$19.00 to $22.00**.
• ZTO Express's stock price showed slight movement, trading up **0.2%** to **$19.00** with a **52-week range** between **$16.34 and $26.42**.

ZTO Express (Cayman) (NYSE:ZTO - Get Free Report)'s stock had its "hold (c)" rating reiterated by investment analysts at Weiss Ratings in a research note issued on Wednesday,Weiss Ratings reports.

Other equities analysts also recently issued reports about the stock. Morgan Stanley set a $24.20 price target on shares of ZTO Express (Cayman) in a research note on Wednesday, July 2nd. Bank of America upped their price target on shares of ZTO Express (Cayman) from $19.00 to $22.00 and gave the company a "neutral" rating in a report on Wednesday, August 20th. Finally, Zacks Research upgraded shares of ZTO Express (Cayman) from a "strong sell" rating to a "hold" rating in a report on Thursday, September 25th. One equities 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's stock. According to MarketBeat, ZTO Express (Cayman) currently has a consensus rating of "Moderate Buy" and a consensus price target of $22.36.

ZTO Express (Cayman) Trading Up 0.2%

NYSE:ZTO traded up $0.04 during trading hours on Wednesday, hitting $19.00. 972,228 shares of the stock traded hands, compared to its average volume of 2,400,608. ZTO Express has a fifty-two week low of $16.34 and a fifty-two week high of $26.42. The firm has a market cap of $11.37 billion, a price-to-earnings ratio of 12.84, a PEG ratio of 7.59 and a beta of -0.18. The firm has a 50 day moving average price of $19.26 and a 200 day moving average price of $18.66.

Institutional Investors Weigh In On ZTO Express (Cayman)

Several hedge funds have recently made changes to their positions in the stock. Captrust Financial Advisors lifted its stake in shares of ZTO Express (Cayman) by 3.8% in the second quarter. Captrust Financial Advisors now owns 32,424 shares of the transportation company's stock valued at $576,000 after buying an additional 1,177 shares during the period. Smartleaf Asset Management LLC raised its position in ZTO Express (Cayman) by 61.4% in the second quarter. Smartleaf Asset Management LLC now owns 2,021 shares of the transportation company's stock worth $36,000 after purchasing an additional 769 shares in the last quarter. Sei Investments Co. raised its position in ZTO Express (Cayman) by 76.4% in the second quarter. Sei Investments Co. now owns 27,983 shares of the transportation company's stock worth $497,000 after purchasing an additional 12,120 shares in the last quarter. Marshall Wace LLP raised its position in ZTO Express (Cayman) by 29.3% in the second quarter. Marshall Wace LLP now owns 468,489 shares of the transportation company's stock worth $8,316,000 after purchasing an additional 106,180 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its position in ZTO Express (Cayman) by 156.2% in the second quarter. EverSource Wealth Advisors LLC now owns 3,489 shares of the transportation company's stock worth $62,000 after purchasing an additional 2,127 shares in the last quarter. Institutional investors 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.

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