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

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

A number of other brokerages have also commented on ZTO. JPMorgan Chase & Co. started coverage on shares of ZTO Express (Cayman) in a research note on Wednesday, October 30th. They set an “overweight” rating and a $30.00 price target for the company. StockNews.com raised shares of ZTO Express (Cayman) from a “hold” rating to a “buy” rating in a research report on Tuesday, January 14th. Finally, HSBC lowered ZTO Express (Cayman) from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $28.00 to $20.00 in a report on Tuesday. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, ZTO Express (Cayman) has a consensus rating of “Moderate Buy” and a consensus target price of $24.53.

ZTO Express (Cayman) Trading Down 2.4 %

ZTO 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 0.97 and a beta of -0.15. The stock has a 50-day moving average price of $19.30 and a 200-day moving average price of $21.05. ZTO Express has a 1-year low of $15.90 and a 1-year high of $27.50.

Institutional Trading of ZTO Express (Cayman)

A number of institutional investors and hedge funds have recently modified their holdings of the business. Cerity Partners LLC boosted its position in ZTO Express (Cayman) by 3.7% in the third quarter. Cerity Partners LLC now owns 18,913 shares of the transportation company’s stock worth $468,000 after purchasing an additional 674 shares during the last quarter. Van ECK Associates Corp raised its stake in shares of ZTO Express (Cayman) by 60.8% during the 3rd quarter. Van ECK Associates Corp now owns 1,825 shares of the transportation company’s stock worth $46,000 after purchasing an additional 690 shares during the period. Point72 DIFC Ltd purchased a new position in shares of ZTO Express (Cayman) in the 3rd quarter worth about $26,000. Financial Counselors Inc. grew its position in ZTO Express (Cayman) by 11.1% during the third quarter. Financial Counselors Inc. now owns 10,726 shares of the transportation company’s stock valued at $266,000 after buying an additional 1,069 shares during the period. Finally, Pitcairn Co. grew its position in ZTO Express (Cayman) by 4.8% during the third quarter. Pitcairn Co. now owns 26,520 shares of the transportation company’s stock valued at $657,000 after buying an additional 1,211 shares during the period. 41.65% of the stock is owned by hedge funds and other 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.