ZTO Express (Cayman) (NYSE:ZTO) Given New $30.00 Price Target at JPMorgan Chase & Co.

ZTO Express (Cayman) (NYSE:ZTOFree Report) had its price target lowered by JPMorgan Chase & Co. from $37.00 to $30.00 in a research note published on Thursday, Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the transportation company’s stock.

Several other equities analysts have also recently commented on the company. Bank of America upgraded ZTO Express (Cayman) from a neutral rating to a buy rating and increased their target price for the company from $22.00 to $29.00 in a research note on Thursday. StockNews.com cut ZTO Express (Cayman) from a buy rating to a hold rating in a research note on Tuesday, February 6th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of Moderate Buy and a consensus price target of $32.00.

Check Out Our Latest Analysis on ZTO Express (Cayman)

ZTO Express (Cayman) Stock Performance

ZTO Express (Cayman) stock opened at $21.65 on Thursday. The stock has a market cap of $13.14 billion, a P/E ratio of 14.63, a price-to-earnings-growth ratio of 0.80 and a beta of -0.05. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.12. The stock has a 50 day moving average of $18.74 and a 200-day moving average of $21.41. ZTO Express has a 52 week low of $15.90 and a 52 week high of $30.05.

Hedge Funds Weigh In On ZTO Express (Cayman)

Large investors have recently added to or reduced their stakes in the company. Captrust Financial Advisors bought a new position in ZTO Express (Cayman) during the second quarter worth $36,000. Huntington National Bank lifted its stake in ZTO Express (Cayman) by 22.4% during the second quarter. Huntington National Bank now owns 2,134 shares of the transportation company’s stock worth $54,000 after purchasing an additional 391 shares during the last quarter. Advisor Group Holdings Inc. lifted its stake in ZTO Express (Cayman) by 26.2% during the fourth quarter. Advisor Group Holdings Inc. now owns 2,248 shares of the transportation company’s stock worth $61,000 after purchasing an additional 466 shares during the last quarter. Tower Research Capital LLC TRC lifted its stake in ZTO Express (Cayman) by 31.8% during the fourth quarter. Tower Research Capital LLC TRC now owns 3,278 shares of the transportation company’s stock worth $70,000 after purchasing an additional 791 shares during the last quarter. Finally, Janiczek Wealth Management LLC lifted its stake in ZTO Express (Cayman) by 34.3% during the third quarter. Janiczek Wealth Management LLC now owns 3,562 shares of the transportation company’s stock worth $86,000 after purchasing an additional 909 shares during the last quarter. 41.68% of the stock is currently owned by institutional investors.

About ZTO Express (Cayman)

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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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