ZTO Express (Cayman) (NYSE:ZTO) Downgraded by StockNews.com to Hold

StockNews.com lowered shares of ZTO Express (Cayman) (NYSE:ZTO) from a buy rating to a hold rating in a report issued on Tuesday.

ZTO has been the topic of a number of other research reports. HSBC downgraded shares of ZTO Express (Cayman) from a “buy” rating to a “hold” rating and decreased their price target for the stock from $28.00 to $20.00 in a research report on Tuesday, January 21st. Hsbc Global Res downgraded shares of ZTO Express (Cayman) from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 21st. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $24.53.

ZTO Express (Cayman) Stock Performance

ZTO opened at $21.33 on Tuesday. The company’s 50 day simple moving average is $19.43 and its 200 day simple moving average is $20.98. ZTO Express has a 1 year low of $17.89 and a 1 year high of $27.50. The stock has a market capitalization of $12.89 billion, a PE ratio of 14.71, a P/E/G ratio of 1.03 and a beta of -0.13.

ZTO Express (Cayman) (NYSE:ZTO) last posted its quarterly earnings results on Tuesday, March 18th. The transportation company reported $0.44 EPS for the quarter, missing the consensus estimate of $0.47 by ($0.03). ZTO Express (Cayman) had a net margin of 20.56% and a return on equity of 15.44%. As a group, sell-side analysts expect that ZTO Express will post 1.57 earnings per share for the current fiscal year.

Hedge Funds Weigh In On ZTO Express (Cayman)

Hedge funds and other institutional investors have recently modified their holdings of the company. Point72 DIFC Ltd acquired a new position in shares of ZTO Express (Cayman) during the third quarter valued at $26,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of ZTO Express (Cayman) during the third quarter valued at $46,000. Blue Trust Inc. raised its stake in shares of ZTO Express (Cayman) by 119.8% during the fourth quarter. Blue Trust Inc. now owns 5,061 shares of the transportation company’s stock valued at $99,000 after purchasing an additional 2,758 shares in the last quarter. Confluence Investment Management LLC raised its stake in shares of ZTO Express (Cayman) by 14.8% during the fourth quarter. Confluence Investment Management LLC now owns 10,282 shares of the transportation company’s stock valued at $201,000 after purchasing an additional 1,326 shares in the last quarter. Finally, Schechter Investment Advisors LLC raised its stake in shares of ZTO Express (Cayman) by 12.0% during the fourth quarter. Schechter Investment Advisors LLC now owns 11,255 shares of the transportation company’s stock valued at $220,000 after purchasing an additional 1,204 shares in the last quarter. Institutional investors and hedge funds own 41.65% of the company’s stock.

About ZTO Express (Cayman)

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.