5 Cheap Transportation Stocks To Buy

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1. ZTO Express (Cayman) Inc. (NYSE:ZTO)

Number of Hedge Fund Holders: 23

Trailing P/E Ratio: 21.19

ZTO Express (Cayman) Inc. (NYSE:ZTO) specializes in providing express delivery and value-added logistics services. The company’s services include freight forwarding and delivery solutions for both e-commerce and traditional merchants. On April 25, Goldman Sachs upgraded ZTO Express (Cayman) Inc. (NYSE:ZTO) from Neutral to Buy. Analyst Ronald Keung anticipates significant potential for the transport logistics stock, with more than a 50% upside, as competition in the industry eases. He predicts that the top two express players, including ZTO Express (Cayman) Inc. (NYSE:ZTO), will continue to gain market share due to their strong positioning in a competitive environment where service quality and growth are now the primary focus. It is one of the best cheap transportation stocks to watch. 

According to Insider Monkey’s first quarter database, ZTO Express (Cayman) Inc. (NYSE:ZTO) was part of 23 hedge fund portfolios, compared to 21 in the prior quarter. Kerr Neilson’s Platinum Asset Management is the largest stakeholder of the company, with a position worth $461 million.

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