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 issued on Tuesday,Briefing.com Automated Import reports. They currently have a $20.00 target price on the transportation company’s stock, down from their previous target price of $28.00. HSBC’s price target indicates a potential upside of 5.07% from the stock’s current price.

Other equities analysts have also recently issued research reports about the stock. JPMorgan Chase & Co. started coverage on shares of ZTO Express (Cayman) in a research note on Wednesday, October 30th. They issued an “overweight” rating and a $30.00 price target on the stock. StockNews.com upgraded shares of ZTO Express (Cayman) from a “hold” rating to a “buy” rating in a research note on Tuesday, January 14th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, ZTO Express (Cayman) has a consensus rating of “Moderate Buy” and a consensus target price of $24.53.

ZTO Express (Cayman) Trading Up 1.2 %

ZTO Express (Cayman) stock opened at $19.04 on Tuesday. The firm has a 50-day moving average of $19.42 and a 200-day moving average of $21.08. ZTO Express has a 1-year low of $15.90 and a 1-year high of $27.50. The firm has a market cap of $11.50 billion, a P/E ratio of 13.13, a P/E/G ratio of 0.96 and a beta of -0.15.

Hedge Funds Weigh In On ZTO Express (Cayman)

Hedge funds have recently bought and sold shares of the business. Point72 DIFC Ltd purchased a new position in shares of ZTO Express (Cayman) in the 3rd quarter worth $26,000. Van ECK Associates Corp lifted its position 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 acquiring an additional 690 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of ZTO Express (Cayman) in the third quarter worth about $46,000. Blue Trust Inc. raised its stake in ZTO Express (Cayman) by 210.0% during the 3rd quarter. Blue Trust Inc. now owns 2,303 shares of the transportation company’s stock valued at $57,000 after purchasing an additional 1,560 shares during the period. Finally, Confluence Investment Management LLC boosted its stake in ZTO Express (Cayman) by 14.8% in the 4th quarter. Confluence Investment Management LLC now owns 10,282 shares of the transportation company’s stock worth $201,000 after purchasing an additional 1,326 shares during the period. 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.