ZTO Express (Cayman) (NYSE:ZTO) Downgraded to “Hold” Rating by HSBC

HSBC cut shares of ZTO Express (Cayman) (NYSE:ZTO) from a buy rating to a hold rating in a research note published on Tuesday, Marketbeat Ratings reports. They currently have $20.00 price objective on the transportation company’s stock, down from their prior price objective of $28.00.

A number of other brokerages have also weighed in on ZTO. JPMorgan Chase & Co. initiated coverage on ZTO Express (Cayman) in a research note on Wednesday, October 30th. They issued an “overweight” rating and a $30.00 target price for the company. StockNews.com upgraded ZTO Express (Cayman) from a “hold” rating to a “buy” rating in a report on Tuesday, January 14th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, ZTO Express (Cayman) presently has a consensus rating of “Moderate Buy” and an average price target of $24.53.

ZTO Express (Cayman) Price Performance

Shares of NYSE:ZTO opened at $18.46 on Tuesday. The business’s fifty day moving average price is $19.30 and its two-hundred 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 stock has a market capitalization 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 Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Point72 DIFC Ltd acquired a new position in shares of ZTO Express (Cayman) during the 3rd quarter worth approximately $26,000. Van ECK Associates Corp boosted its stake in shares of ZTO Express (Cayman) by 60.8% during the 3rd quarter. Van ECK Associates Corp now owns 1,825 shares of the transportation company’s stock worth $46,000 after acquiring an additional 690 shares during the period. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of ZTO Express (Cayman) during the 3rd quarter worth approximately $46,000. Blue Trust Inc. boosted its stake in shares of ZTO Express (Cayman) by 210.0% during the 3rd quarter. Blue Trust Inc. now owns 2,303 shares of the transportation company’s stock worth $57,000 after acquiring an additional 1,560 shares during the period. Finally, Confluence Investment Management LLC bought a new position in shares of ZTO Express (Cayman) during the 3rd quarter worth approximately $222,000. 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.