ZTO Express (Cayman) (NYSE:ZTO) Rating Lowered to “Hold” at HSBC

ZTO Express (Cayman) (NYSE:ZTO) was downgraded by equities researchers at HSBC from a “buy” rating to a “hold” rating in a report released on Tuesday, MarketBeat reports. They presently have a $20.00 price target on the transportation company’s stock, down from their prior price target of $28.00. HSBC’s price objective points to a potential upside of 6.56% from the company’s previous close.

ZTO has been the subject of several other research reports. StockNews.com raised shares of ZTO Express (Cayman) from a “hold” rating to a “buy” rating in a research note on Tuesday, January 14th. JPMorgan Chase & Co. initiated coverage on shares of ZTO Express (Cayman) in a report on Wednesday, October 30th. They issued an “overweight” rating and a $30.00 target price for the company. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, ZTO Express (Cayman) has an average rating of “Moderate Buy” and a consensus price target of $24.53.

ZTO Express (Cayman) Stock Down 2.4 %

Shares of ZTO Express (Cayman) stock opened at $18.77 on Tuesday. The firm has a market cap of $11.34 billion, a PE ratio of 12.94, a price-to-earnings-growth ratio of 0.96 and a beta of -0.15. ZTO Express has a 52 week low of $15.90 and a 52 week high of $27.50. The business’s fifty day simple moving average is $19.34 and its 200-day simple moving average is $21.06.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Connor Clark & Lunn Investment Management Ltd. purchased a new position in ZTO Express (Cayman) in the 3rd quarter valued at approximately $8,723,000. Fisher Asset Management LLC raised its stake in shares of ZTO Express (Cayman) by 10.0% in the third quarter. Fisher Asset Management LLC now owns 3,484,318 shares of the transportation company’s stock valued at $86,307,000 after acquiring an additional 317,450 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in ZTO Express (Cayman) by 60.9% in 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 during the period. Public Sector Pension Investment Board grew its stake in 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 worth $2,995,000 after purchasing an additional 21,750 shares in the last quarter. Finally, Scientech Research LLC purchased a new stake in ZTO Express (Cayman) during the 2nd quarter worth about $927,000. Hedge funds and other institutional investors 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.