ZTO Express (Cayman) (NYSE:ZTO) Shares Gap Up – Still a Buy?

ZTO Express (Cayman) Inc. (NYSE:ZTO)’s stock price gapped up before the market opened on Tuesday . The stock had previously closed at $19.83, but opened at $20.34. ZTO Express (Cayman) shares last traded at $20.36, with a volume of 362,606 shares traded.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. HSBC cut shares of ZTO Express (Cayman) from a “buy” rating to a “hold” rating and dropped their price target for the company from $28.00 to $20.00 in a research report on Tuesday, January 21st. Hsbc Global Res cut ZTO Express (Cayman) from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 21st. Finally, StockNews.com upgraded shares of ZTO Express (Cayman) from a “hold” rating to a “buy” rating in a research note on Tuesday, January 14th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $24.53.

ZTO Express (Cayman) Price Performance

The stock has a fifty day moving average of $19.26 and a 200 day moving average of $21.02. The firm has a market capitalization of $12.44 billion, a P/E ratio of 14.20, a price-to-earnings-growth ratio of 1.03 and a beta of -0.16.

Institutional Investors Weigh In On ZTO Express (Cayman)

A number of hedge funds have recently made changes to their positions in ZTO. Cerity Partners LLC increased its holdings in ZTO Express (Cayman) by 3.7% during the third quarter. Cerity Partners LLC now owns 18,913 shares of the transportation company’s stock worth $468,000 after buying an additional 674 shares during the last quarter. Van ECK Associates Corp increased 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 last quarter. Natixis Advisors LLC raised its holdings in shares of ZTO Express (Cayman) by 1.4% in the 4th quarter. Natixis Advisors LLC now owns 64,943 shares of the transportation company’s stock worth $1,270,000 after purchasing an additional 918 shares during the period. Fox Run Management L.L.C. lifted its stake in ZTO Express (Cayman) by 7.5% in the fourth quarter. Fox Run Management L.L.C. now owns 14,069 shares of the transportation company’s stock valued at $275,000 after purchasing an additional 980 shares during the last quarter. Finally, Point72 DIFC Ltd bought a new position in ZTO Express (Cayman) during the third quarter valued at $26,000. 41.65% of the stock is currently owned by institutional investors.

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.