ZTO Express (Cayman) (NYSE:ZTO) Cut to “Hold” at HSBC

HSBC lowered shares of ZTO Express (Cayman) (NYSE:ZTO) from a buy rating to a hold rating in a research note issued to investors on Tuesday, MarketBeat Ratings reports. HSBC currently has $20.00 target price on the transportation company’s stock, down from their previous target price of $28.00.

ZTO has been the topic of a number of other research reports. StockNews.com upgraded ZTO Express (Cayman) from a “hold” rating to a “buy” rating in a research note on Tuesday, January 14th. JPMorgan Chase & Co. began coverage on ZTO Express (Cayman) in a research note on Wednesday, October 30th. They set an “overweight” rating and a $30.00 price objective on the stock. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $24.53.

ZTO Express (Cayman) Trading Down 1.6 %

Shares of ZTO Express (Cayman) stock opened at $18.46 on Tuesday. ZTO Express has a twelve month low of $15.90 and a twelve month high of $27.50. The stock has a market capitalization of $11.16 billion, a P/E ratio of 12.73, a PEG ratio of 0.97 and a beta of -0.15. The business’s fifty day moving average price is $19.30 and its 200 day moving average price is $21.05.

Institutional Investors Weigh In On ZTO Express (Cayman)

Hedge funds and other institutional investors have recently modified their holdings of the stock. Point72 DIFC Ltd purchased a new position in ZTO Express (Cayman) in the 3rd quarter worth about $26,000. Van ECK Associates Corp lifted its holdings 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 valued at $46,000 after buying an additional 690 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of ZTO Express (Cayman) during the 3rd quarter valued at about $46,000. Blue Trust Inc. lifted its holdings in shares of 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 buying an additional 1,560 shares during the last quarter. Finally, Confluence Investment Management LLC acquired a new stake in ZTO Express (Cayman) in the 3rd quarter worth approximately $222,000. 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.