ZTO Express (Cayman) Inc. (NYSE:ZTO) Given Average Rating of "Hold" by Analysts

ZTO Express (Cayman) Inc. (NYSE:ZTO - Get Free Report) has been given an average recommendation of "Hold" by the five analysts that are currently covering the company, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $24.53.

A number of research analysts have recently issued reports on ZTO shares. StockNews.com upgraded shares of ZTO Express (Cayman) from a "hold" rating to a "buy" rating in a report on Tuesday, January 14th. JPMorgan Chase & Co. started coverage on ZTO Express (Cayman) in a report on Wednesday, October 30th. They set an "overweight" rating and a $30.00 price objective for the company. HSBC cut ZTO Express (Cayman) from a "buy" rating to a "hold" rating and cut their target price for the company from $28.00 to $20.00 in a research report on Tuesday, January 21st. Finally, Hsbc Global Res lowered ZTO Express (Cayman) from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, January 21st.

Institutional Investors Weigh In On ZTO Express (Cayman)

Large investors have recently made changes to their positions in the business. Hhlr Advisors LTD. lifted its position in shares of ZTO Express (Cayman) by 8,172.7% during the 3rd quarter. Hhlr Advisors LTD. now owns 3,003,008 shares of the transportation company's stock valued at $74,385,000 after buying an additional 2,966,708 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in ZTO Express (Cayman) during the 3rd quarter worth about $29,350,000. Pzena Investment Management LLC boosted its stake in ZTO Express (Cayman) by 18.1% in the 3rd quarter. Pzena Investment Management LLC now owns 7,039,599 shares of the transportation company's stock worth $174,371,000 after purchasing an additional 1,079,327 shares during the period. Marshall Wace LLP grew its holdings in ZTO Express (Cayman) by 831.6% during the 4th quarter. Marshall Wace LLP now owns 1,168,821 shares of the transportation company's stock valued at $22,850,000 after buying an additional 1,043,359 shares in the last quarter. Finally, Greenwoods Asset Management Hong Kong Ltd. increased its position in shares of ZTO Express (Cayman) by 10.6% during the fourth quarter. Greenwoods Asset Management Hong Kong Ltd. now owns 6,617,077 shares of the transportation company's stock valued at $129,364,000 after buying an additional 633,604 shares during the period. 41.65% of the stock is owned by hedge funds and other institutional investors.

ZTO Express (Cayman) Price Performance

Shares of ZTO stock traded up $0.58 on Monday, reaching $20.58. 2,125,512 shares of the company were exchanged, compared to its average volume of 2,430,951. The company has a 50-day moving average of $19.21 and a 200-day moving average of $20.99. The company has a market cap of $12.43 billion, a price-to-earnings ratio of 14.19, a PEG ratio of 0.99 and a beta of -0.16. ZTO Express has a one year low of $17.89 and a one year high of $27.50.

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.