ZTO Express (Cayman) (NYSE:ZTO) Shares Up 3.3% – Should You Buy?

Shares of ZTO Express (Cayman) Inc. (NYSE:ZTO) were up 3.3% during trading on Tuesday . The stock traded as high as $20.03 and last traded at $20.00. Approximately 1,067,866 shares changed hands during trading, a decline of 69% from the average daily volume of 3,456,593 shares. The stock had previously closed at $19.37.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. JPMorgan Chase & Co. started coverage on ZTO Express (Cayman) in a research note on Wednesday, October 30th. They issued an “overweight” rating and a $30.00 price objective for the company. StockNews.com lowered ZTO Express (Cayman) from a “buy” rating to a “hold” rating in a report on Thursday, December 5th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, ZTO Express (Cayman) currently has an average rating of “Moderate Buy” and an average target price of $27.03.

ZTO Express (Cayman) Price Performance

The firm has a market capitalization of $12.08 billion, a P/E ratio of 13.36, a PEG ratio of 0.98 and a beta of -0.13. The firm’s fifty day moving average price is $21.87 and its 200-day moving average price is $21.58.

Institutional Investors Weigh In On ZTO Express (Cayman)

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Pzena Investment Management LLC boosted its stake in shares of ZTO Express (Cayman) by 18.1% during the 3rd quarter. Pzena Investment Management LLC now owns 7,039,599 shares of the transportation company’s stock worth $174,371,000 after acquiring an additional 1,079,327 shares in the last quarter. Fisher Asset Management LLC raised its stake in shares of ZTO Express (Cayman) by 10.0% during the 3rd quarter. Fisher Asset Management LLC now owns 3,484,318 shares of the transportation company’s stock worth $86,307,000 after purchasing an additional 317,450 shares in the last quarter. Hhlr Advisors LTD. raised its position in ZTO Express (Cayman) by 8,172.7% during the third quarter. Hhlr Advisors LTD. now owns 3,003,008 shares of the transportation company’s stock valued at $74,385,000 after acquiring an additional 2,966,708 shares in the last quarter. Dimensional Fund Advisors LP grew its position in ZTO Express (Cayman) by 2.4% in the second quarter. Dimensional Fund Advisors LP now owns 1,714,763 shares of the transportation company’s stock worth $35,594,000 after acquiring an additional 40,449 shares in the last quarter. Finally, Hsbc Holdings PLC increased its stake in shares of ZTO Express (Cayman) by 8.3% during the 2nd quarter. Hsbc Holdings PLC now owns 1,379,748 shares of the transportation company’s stock worth $28,624,000 after purchasing an additional 105,280 shares during the last quarter. 41.65% of the stock is owned by institutional investors and hedge funds.

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.