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

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

Several other equities analysts have also recently weighed in on ZTO. HSBC cut ZTO Express (Cayman) from a “buy” rating to a “hold” rating and reduced their price target for the company from $28.00 to $20.00 in a research report on Tuesday. StockNews.com upgraded shares of ZTO Express (Cayman) from a “hold” rating to a “buy” rating in a research report on Tuesday, January 14th. Finally, JPMorgan Chase & Co. initiated coverage on shares of 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. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, ZTO Express (Cayman) presently has an average rating of “Moderate Buy” and a consensus target price of $24.53.

ZTO Express (Cayman) Stock Performance

Shares of ZTO opened at $18.77 on Tuesday. ZTO Express has a fifty-two week low of $15.90 and a fifty-two week high of $27.50. The business has a 50-day moving average of $19.34 and a 200 day moving average of $21.06. The firm has a market cap of $11.34 billion, a P/E ratio of 12.94, a price-to-earnings-growth ratio of 0.97 and a beta of -0.15.

Institutional Investors Weigh In On ZTO Express (Cayman)

Several hedge funds have recently added to or reduced their stakes in ZTO. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of ZTO Express (Cayman) in the 3rd quarter worth approximately $8,723,000. Fisher Asset Management LLC grew its holdings in ZTO Express (Cayman) by 10.0% during the 3rd quarter. Fisher Asset Management LLC now owns 3,484,318 shares of the transportation company’s stock valued at $86,307,000 after buying an additional 317,450 shares in the last quarter. Renaissance Technologies LLC raised its stake in ZTO Express (Cayman) by 60.9% during the second quarter. Renaissance Technologies LLC now owns 167,300 shares of the transportation company’s stock valued at $3,471,000 after purchasing an additional 63,300 shares in the last quarter. Public Sector Pension Investment Board raised its position in shares of ZTO Express (Cayman) by 17.7% during the 2nd quarter. Public Sector Pension Investment Board now owns 144,347 shares of the transportation company’s stock valued at $2,995,000 after buying an additional 21,750 shares in the last quarter. Finally, Scientech Research LLC bought a new stake in shares of ZTO Express (Cayman) in the 2nd quarter valued at approximately $927,000. 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.