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

ZTO Express (Cayman) (NYSE:ZTO) was downgraded by equities research analysts at Hsbc Global Res from a “strong-buy” rating to a “hold” rating in a report released on Tuesday,Zacks.com reports.

Several other brokerages have also recently issued reports on ZTO. StockNews.com upgraded ZTO Express (Cayman) from a “hold” rating to a “buy” rating in a research note on Tuesday, January 14th. JPMorgan Chase & Co. started coverage on ZTO Express (Cayman) in a research report on Wednesday, October 30th. They set an “overweight” rating and a $30.00 target price for the company. Finally, HSBC lowered ZTO Express (Cayman) from a “buy” rating to a “hold” rating and reduced their target price for the stock from $28.00 to $20.00 in a report on Tuesday. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, ZTO Express (Cayman) has an average rating of “Moderate Buy” and a consensus price target of $24.53.

ZTO Express (Cayman) Trading Down 2.4 %

NYSE:ZTO opened at $18.77 on Tuesday. The stock has a 50 day simple moving average of $19.30 and a 200 day simple moving average of $21.05. ZTO Express has a 1-year low of $15.90 and a 1-year high of $27.50. The stock has a market cap of $11.34 billion, a P/E ratio of 12.94, a PEG ratio of 0.97 and a beta of -0.15.

Institutional Investors Weigh In On ZTO Express (Cayman)

A number of large investors have recently modified their holdings of the business. Cerity Partners LLC increased its holdings in shares of ZTO Express (Cayman) by 3.7% during the third quarter. Cerity Partners LLC now owns 18,913 shares of the transportation company’s stock worth $468,000 after buying an additional 674 shares in the last quarter. Van ECK Associates Corp increased its stake in shares of ZTO Express (Cayman) by 60.8% in the third quarter. Van ECK Associates Corp now owns 1,825 shares of the transportation company’s stock valued at $46,000 after buying an additional 690 shares during the period. Point72 DIFC Ltd acquired a new stake in ZTO Express (Cayman) during the 3rd quarter worth approximately $26,000. Financial Counselors Inc. grew its holdings in ZTO Express (Cayman) by 11.1% during the 3rd quarter. Financial Counselors Inc. now owns 10,726 shares of the transportation company’s stock worth $266,000 after acquiring an additional 1,069 shares during the last quarter. Finally, Pitcairn Co. increased its position in ZTO Express (Cayman) by 4.8% in the 3rd quarter. Pitcairn Co. now owns 26,520 shares of the transportation company’s stock valued at $657,000 after acquiring an additional 1,211 shares during the period. Institutional investors and hedge funds own 41.65% of the company’s stock.

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.