ZTO Express (Cayman) (NYSE:ZTO) Lowered to Hold Rating by Hsbc Global Res

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

Other research analysts have also issued reports about the company. JPMorgan Chase & Co. initiated coverage on ZTO Express (Cayman) in a research report on Wednesday, October 30th. They issued an “overweight” rating and a $30.00 price objective for the company. StockNews.com upgraded ZTO Express (Cayman) from a “hold” rating to a “buy” rating in a report on Tuesday, January 14th. Finally, HSBC downgraded ZTO Express (Cayman) from a “buy” rating to a “hold” rating and cut their price objective for the stock from $28.00 to $20.00 in a research report on Tuesday. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, ZTO Express (Cayman) currently has an average rating of “Moderate Buy” and an average price target of $24.53.

ZTO Express (Cayman) Price Performance

NYSE:ZTO opened at $18.77 on Tuesday. The company’s 50-day moving average is $19.34 and its two-hundred day moving average is $21.06. The firm has a market capitalization of $11.34 billion, a price-to-earnings ratio of 12.94, a PEG ratio of 0.97 and a beta of -0.15. ZTO Express has a 1-year low of $15.90 and a 1-year high of $27.50.

Institutional Investors Weigh In On ZTO Express (Cayman)

A number of institutional investors have recently modified their holdings of ZTO. Blue Trust Inc. lifted its stake in ZTO Express (Cayman) by 119.8% during the 4th quarter. Blue Trust Inc. now owns 5,061 shares of the transportation company’s stock worth $99,000 after acquiring an additional 2,758 shares in the last quarter. SG Americas Securities LLC lifted its position in shares of ZTO Express (Cayman) by 2,787.7% during the fourth quarter. SG Americas Securities LLC now owns 295,725 shares of the transportation company’s stock worth $5,781,000 after purchasing an additional 285,484 shares in the last quarter. Confluence Investment Management LLC boosted its stake in shares of ZTO Express (Cayman) by 14.8% in 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 during the period. Public Employees Retirement System of Ohio acquired a new position in shares of ZTO Express (Cayman) in the third quarter valued at approximately $4,721,000. Finally, Stifel Financial Corp increased its stake in ZTO Express (Cayman) by 8.5% during the 3rd quarter. Stifel Financial Corp now owns 36,952 shares of the transportation company’s stock worth $915,000 after buying an additional 2,888 shares during the period. 41.65% of the stock is owned by institutional investors and hedge funds.

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.