Zacks Investment Research downgraded shares of ZTO EXPRESS INC (NYSE:ZTO) from a hold rating to a sell rating in a research report sent to investors 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. “

Separately, Vetr cut shares of ZTO EXPRESS INC from a strong-buy rating to a buy rating and set a $16.00 price target for the company. in a research note on Monday, February 27th. One research analyst has rated the stock with a sell rating and five have given a buy rating to the company’s stock. ZTO EXPRESS INC presently has a consensus rating of Buy and an average price target of $18.17.

ZTO EXPRESS INC (NYSE:ZTO) opened at 14.32 on Wednesday. The company’s 50 day moving average is $14.28 and its 200 day moving average is $13.32. The stock has a market cap of $10.32 billion and a PE ratio of 31.61. ZTO EXPRESS INC has a one year low of $11.14 and a one year high of $18.45.

ZTO EXPRESS INC (NYSE:ZTO) last issued its quarterly earnings results on Wednesday, May 17th. The transportation company reported $0.10 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.09 by $0.01. The business had revenue of $2.61 billion for the quarter, compared to analyst estimates of $2.58 billion. The company’s quarterly revenue was up 33.5% on a year-over-year basis. On average, equities research analysts expect that ZTO EXPRESS INC will post $0.61 EPS for the current year.

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Hedge funds have recently modified their holdings of the company. Wells Fargo & Company MN boosted its stake in shares of ZTO EXPRESS INC by 68.1% in the first quarter. Wells Fargo & Company MN now owns 12,292 shares of the transportation company’s stock worth $160,000 after buying an additional 4,979 shares in the last quarter. Quantitative Systematic Strategies LLC boosted its stake in shares of ZTO EXPRESS INC by 29.2% in the first quarter. Quantitative Systematic Strategies LLC now owns 22,240 shares of the transportation company’s stock worth $291,000 after buying an additional 5,021 shares in the last quarter. Seven Eight Capital LP acquired a new stake in shares of ZTO EXPRESS INC during the fourth quarter worth $121,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of ZTO EXPRESS INC during the first quarter worth $137,000. Finally, Oppenheimer Asset Management Inc. acquired a new stake in shares of ZTO EXPRESS INC during the first quarter worth $212,000. Hedge funds and other institutional investors own 19.09% of the company’s stock.

ZTO EXPRESS INC Company Profile

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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