ZTO Express (Cayman) (NYSE:ZTO) Stock Price Down 3% – Here’s Why

Shares of ZTO Express (Cayman) Inc. (NYSE:ZTO) traded down 3% during mid-day trading on Thursday . The company traded as low as $18.89 and last traded at $18.96. 387,613 shares changed hands during trading, a decline of 89% from the average session volume of 3,418,960 shares. The stock had previously closed at $19.55.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on ZTO. JPMorgan Chase & Co. assumed coverage on ZTO Express (Cayman) in a research report on Wednesday, October 30th. They issued an “overweight” rating and a $30.00 price target on the stock. StockNews.com raised ZTO Express (Cayman) from a “hold” rating to a “buy” rating in a report on Wednesday, December 25th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $27.03.

ZTO Express (Cayman) Stock Performance

The firm’s 50-day simple moving average is $20.30 and its 200-day simple moving average is $21.26. The company has a market capitalization of $11.65 billion, a price-to-earnings ratio of 13.30, a price-to-earnings-growth ratio of 0.98 and a beta of -0.13.

Institutional Trading of ZTO Express (Cayman)

A number of hedge funds have recently modified their holdings of ZTO. Pzena Investment Management LLC lifted its holdings in shares of ZTO Express (Cayman) by 18.1% during the 3rd quarter. Pzena Investment Management LLC now owns 7,039,599 shares of the transportation company’s stock worth $174,371,000 after acquiring an additional 1,079,327 shares during the period. Fisher Asset Management LLC lifted its stake in ZTO Express (Cayman) by 10.0% during the third quarter. Fisher Asset Management LLC now owns 3,484,318 shares of the transportation company’s stock worth $86,307,000 after purchasing an additional 317,450 shares during the period. Hhlr Advisors LTD. boosted its holdings in ZTO Express (Cayman) by 8,172.7% during the third quarter. Hhlr Advisors LTD. now owns 3,003,008 shares of the transportation company’s stock valued at $74,385,000 after purchasing an additional 2,966,708 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of ZTO Express (Cayman) by 2.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,714,763 shares of the transportation company’s stock valued at $35,594,000 after purchasing an additional 40,449 shares during the period. Finally, Hsbc Holdings PLC grew its stake in shares of ZTO Express (Cayman) by 8.3% in the 2nd quarter. Hsbc Holdings PLC now owns 1,379,748 shares of the transportation company’s stock valued at $28,624,000 after purchasing an additional 105,280 shares during the period. 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.