Zacks Investment Research lowered shares of ZTO Express (Cayman) Inc (NYSE:ZTO) from a hold rating to a sell rating in a research report released on Wednesday.

According to Zacks, “ZTO Express Inc. is an express delivery company. It provides express delivery service through its nationwide network as well as other value-added logistics services. The Company offers route planning and optimization, waybill tracking system and transportation management system. ZTO Express Inc. is based in Shanghai, China. “

Other equities research analysts also recently issued research reports about the stock. Vetr downgraded shares of ZTO Express (Cayman) from a strong-buy rating to a buy rating and set a $16.00 price target on the stock. in a research note on Monday, February 27th. JPMorgan Chase & Co. initiated coverage on shares of ZTO Express (Cayman) in a research note on Wednesday, November 23rd. They set an overweight rating and a $19.00 price target on the stock. Morgan Stanley initiated coverage on shares of ZTO Express (Cayman) in a research note on Monday, November 21st. They set an overweight rating and a $20.00 price target on the stock. Goldman Sachs Group Inc initiated coverage on shares of ZTO Express (Cayman) in a research note on Monday, November 21st. They set a buy rating and a $19.00 price target on the stock. Finally, Citigroup Inc initiated coverage on shares of ZTO Express (Cayman) in a research note on Monday, November 21st. They set a buy rating and a $20.00 price target on the stock. One analyst has rated the stock with a sell rating and five have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and an average target price of $18.17.

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ZTO Express (NYSE:ZTO) opened at 12.79 on Wednesday. The company has a market cap of $9.22 billion and a price-to-earnings ratio of 30.38. The company’s 50-day moving average price is $12.92 and its 200-day moving average price is $13.63. ZTO Express has a 52-week low of $11.14 and a 52-week high of $18.45.

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A number of large investors have recently bought and sold shares of the company. Cutter & CO Brokerage Inc. acquired a new stake in ZTO Express (Cayman) during the fourth quarter worth $121,000. Seven Eight Capital LP acquired a new stake in ZTO Express (Cayman) during the fourth quarter worth $121,000. Tudor Investment Corp Et Al acquired a new stake in ZTO Express (Cayman) during the fourth quarter worth $414,000. Harvest Fund Management Co. Ltd acquired a new stake in ZTO Express (Cayman) during the fourth quarter worth $604,000. Finally, Pacad Investment Ltd. acquired a new stake in ZTO Express (Cayman) during the fourth quarter worth $657,000.

About ZTO Express (Cayman)

ZTO Express (Cayman) Inc is an express delivery company in China. The Company provides express delivery service through its nationwide network, as well as other value-added logistics services. The Company provides its services for a range of online merchants and consumers transacting on the Chinese e-commerce platforms, such as Alibaba and JD.com.

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