ZTO Express (Cayman) (NYSE:ZTO) Upgraded at Zacks Research

Key Points

• ZTO Express (Cayman) was recently upgraded by Zacks Research from a "strong sell" to a "hold" rating, indicating a shift in analyst sentiment.
• Other analysts, including JPMorgan and Bank of America, have also adjusted their ratings and price targets for ZTO Express, with an average target price of $22.36.
• Institutional ownership in ZTO Express is significant, with 41.65% of the company's stock held by institutional investors and hedge funds, reflecting strong investor confidence.

ZTO Express (Cayman) (NYSE:ZTO - Get Free Report) was upgraded by analysts at Zacks Research from a "strong sell" rating to a "hold" rating in a research report issued to clients and investors on Thursday,Zacks.com reports.

Other research analysts also recently issued research reports about the company. JPMorgan Chase & Co. raised ZTO Express (Cayman) from a "neutral" rating to an "overweight" rating and dropped their price target for the company from $23.00 to $21.00 in a research note on Thursday, May 29th. Morgan Stanley set a $24.20 price target on ZTO Express (Cayman) in a research note on Wednesday, July 2nd. Finally, Bank of America boosted their price target on ZTO Express (Cayman) from $19.00 to $22.00 and gave the company a "neutral" rating in a research note on Wednesday, August 20th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $22.36.

ZTO Express (Cayman) Stock Up 0.4%

ZTO stock opened at $19.31 on Thursday. The company has a market cap of $11.55 billion, a PE ratio of 13.05, a price-to-earnings-growth ratio of 7.81 and a beta of -0.15. The business has a 50-day simple moving average of $19.34 and a 200 day simple moving average of $18.73. ZTO Express has a 52 week low of $16.34 and a 52 week high of $27.50.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Captrust Financial Advisors increased 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 boosted its holdings 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 valued at $36,000 after acquiring an additional 769 shares during the last quarter. Sei Investments Co. boosted its holdings 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 valued at $497,000 after acquiring an additional 12,120 shares during the last quarter. Marshall Wace LLP boosted its holdings 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 valued at $8,316,000 after acquiring an additional 106,180 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its holdings 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 valued at $62,000 after acquiring an additional 2,127 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.

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