ZTO Express (Cayman) (NYSE:ZTO) Shares Gap Up – Here’s Why

ZTO Express (Cayman) Inc. (NYSE:ZTO)’s stock price gapped up before the market opened on Tuesday . The stock had previously closed at $19.83, but opened at $20.34. ZTO Express (Cayman) shares last traded at $20.36, with a volume of 362,606 shares traded.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. StockNews.com upgraded ZTO Express (Cayman) from a “hold” rating to a “buy” rating in a research report on Tuesday, January 14th. Hsbc Global Res cut ZTO Express (Cayman) from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 21st. Finally, HSBC lowered shares of ZTO Express (Cayman) from a “buy” rating to a “hold” rating and lowered their price target for the stock from $28.00 to $20.00 in a report on Tuesday, January 21st. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $24.53.

ZTO Express (Cayman) Price Performance

The firm has a market capitalization of $12.44 billion, a P/E ratio of 14.20, a P/E/G ratio of 1.03 and a beta of -0.16. The stock has a fifty day simple moving average of $19.26 and a two-hundred day simple moving average of $21.02.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of ZTO. US Bancorp DE boosted its position in shares of ZTO Express (Cayman) by 6.1% during the 3rd quarter. US Bancorp DE now owns 87,870 shares of the transportation company’s stock worth $2,177,000 after purchasing an additional 5,074 shares in the last quarter. Van ECK Associates Corp grew its stake in 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 acquiring an additional 690 shares during the period. QRG Capital Management Inc. bought a new stake in shares of ZTO Express (Cayman) during the third quarter valued at approximately $393,000. Confluence Investment Management LLC acquired a new position in shares of ZTO Express (Cayman) during the third quarter worth approximately $222,000. Finally, XY Capital Ltd bought a new position in shares of ZTO Express (Cayman) in the 3rd quarter worth $3,183,000. 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.