ZTO Express (Cayman) Inc. (NYSE:ZTO) Given Consensus Recommendation of “Hold” by Brokerages

Shares of ZTO Express (Cayman) Inc. (NYSE:ZTO) have been assigned an average recommendation of “Hold” from the five research firms that are covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $24.53.

A number of equities analysts have issued reports on ZTO shares. StockNews.com raised shares of ZTO Express (Cayman) from a “hold” rating to a “buy” rating in a research note on Tuesday, January 14th. HSBC lowered ZTO Express (Cayman) from a “buy” rating to a “hold” rating and reduced their price target for the stock from $28.00 to $20.00 in a research report on Tuesday, January 21st. Hsbc Global Res downgraded ZTO Express (Cayman) from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 21st. Finally, JPMorgan Chase & Co. began coverage on ZTO Express (Cayman) in a research note on Wednesday, October 30th. They issued an “overweight” rating and a $30.00 target price on the stock.

ZTO Express (Cayman) Price Performance

Shares of NYSE:ZTO opened at $20.78 on Monday. The stock has a market cap of $12.55 billion, a price-to-earnings ratio of 14.33, a P/E/G ratio of 1.03 and a beta of -0.16. The company has a 50 day moving average of $19.27 and a 200-day moving average of $21.02. ZTO Express has a one year low of $17.89 and a one year high of $27.50.

Hedge Funds Weigh In On ZTO Express (Cayman)

Hedge funds have recently made changes to their positions in the business. Hhlr Advisors LTD. grew its holdings in shares of ZTO Express (Cayman) by 8,172.7% in the 3rd quarter. Hhlr Advisors LTD. now owns 3,003,008 shares of the transportation company’s stock valued at $74,385,000 after acquiring an additional 2,966,708 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new position in ZTO Express (Cayman) in the third quarter valued at approximately $29,350,000. Pzena Investment Management LLC increased its position 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 purchasing an additional 1,079,327 shares during the last quarter. Marshall Wace LLP increased its position in shares of ZTO Express (Cayman) by 831.6% during the 4th quarter. Marshall Wace LLP now owns 1,168,821 shares of the transportation company’s stock worth $22,850,000 after purchasing an additional 1,043,359 shares during the last quarter. Finally, Greenwoods Asset Management Hong Kong Ltd. raised its stake in shares of ZTO Express (Cayman) by 10.6% during the 4th quarter. Greenwoods Asset Management Hong Kong Ltd. now owns 6,617,077 shares of the transportation company’s stock worth $129,364,000 after purchasing an additional 633,604 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.