ZTO Express (Cayman) (NYSE:ZTO) Sees Large Volume Increase – What’s Next?

Shares of ZTO Express (Cayman) Inc. (NYSE:ZTO) saw strong trading volume on Wednesday . 3,965,206 shares changed hands during trading, an increase of 78% from the previous session’s volume of 2,223,199 shares.The stock last traded at $18.73 and had previously closed at $19.22.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. JPMorgan Chase & Co. assumed 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. StockNews.com upgraded ZTO Express (Cayman) from a “hold” rating to a “buy” rating in a research report on Tuesday, January 14th. Finally, HSBC downgraded ZTO Express (Cayman) from a “buy” rating to a “hold” rating and lowered their target price for the company from $28.00 to $20.00 in a research report on Tuesday. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, ZTO Express (Cayman) has a consensus rating of “Moderate Buy” and a consensus price target of $24.53.

ZTO Express (Cayman) Price Performance

The firm has a market capitalization of $11.34 billion, a P/E ratio of 12.94, a P/E/G ratio of 0.96 and a beta of -0.15. The firm has a 50-day moving average price of $19.34 and a two-hundred day moving average price of $21.06.

Hedge Funds Weigh In On ZTO Express (Cayman)

Several institutional investors have recently made changes to their positions in ZTO. Point72 DIFC Ltd purchased a new position in ZTO Express (Cayman) in the third quarter valued at about $26,000. Van ECK Associates Corp boosted its holdings 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 worth $46,000 after acquiring an additional 690 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in ZTO Express (Cayman) in the third quarter worth about $46,000. Blue Trust Inc. boosted its holdings in ZTO Express (Cayman) by 210.0% in the third quarter. Blue Trust Inc. now owns 2,303 shares of the transportation company’s stock worth $57,000 after acquiring an additional 1,560 shares in the last quarter. Finally, Confluence Investment Management LLC boosted its holdings in ZTO Express (Cayman) by 14.8% in the fourth quarter. Confluence Investment Management LLC now owns 10,282 shares of the transportation company’s stock worth $201,000 after acquiring an additional 1,326 shares in the last quarter. Hedge funds and other institutional investors own 41.65% of the company’s stock.

About ZTO Express (Cayman)

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.