ZTO Express (Cayman) (NYSE:ZTO) Cut to Hold at Hsbc Global Res

Hsbc Global Res cut shares of ZTO Express (Cayman) (NYSE:ZTO) from a strong-buy rating to a hold rating in a report published on Tuesday morning,Zacks.com reports.

A number of other equities analysts have also commented on the stock. JPMorgan Chase & Co. began coverage on shares of 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. HSBC lowered shares of ZTO Express (Cayman) from a “buy” rating to a “hold” rating and decreased their target price for the company from $28.00 to $20.00 in a research note on Tuesday. Finally, StockNews.com raised shares of ZTO Express (Cayman) from a “hold” rating to a “buy” rating in a research note on Tuesday, January 14th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $24.53.

ZTO Express (Cayman) Stock Down 1.6 %

ZTO opened at $18.46 on Tuesday. The company’s 50-day moving average price is $19.30 and its 200 day moving average price is $21.05. ZTO Express has a fifty-two week low of $15.90 and a fifty-two week high of $27.50. The firm has a market cap of $11.16 billion, a price-to-earnings ratio of 12.73, a price-to-earnings-growth ratio of 0.97 and a beta of -0.15.

Institutional Trading of ZTO Express (Cayman)

Large investors have recently added to or reduced their stakes in the company. Hhlr Advisors LTD. lifted its holdings in ZTO Express (Cayman) by 8,172.7% in the third quarter. Hhlr Advisors LTD. now owns 3,003,008 shares of the transportation company’s stock valued at $74,385,000 after buying an additional 2,966,708 shares during the period. Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of ZTO Express (Cayman) in the 3rd quarter valued at about $29,350,000. Pzena Investment Management LLC lifted 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 buying an additional 1,079,327 shares during the last quarter. Point72 Asset Management L.P. acquired a new stake in ZTO Express (Cayman) in the 3rd quarter worth about $12,407,000. Finally, Envestnet Asset Management Inc. raised its position in shares of ZTO Express (Cayman) by 1,731.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 490,261 shares of the transportation company’s stock valued at $10,173,000 after buying an additional 463,496 shares in the last quarter. 41.65% of the stock is owned by institutional investors.

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.