ZTO Express (Cayman) Inc. (NYSE:ZTO - Get Free Report) gapped down prior to trading on Tuesday . The stock had previously closed at $19.66, but opened at $18.95. ZTO Express (Cayman) shares last traded at $18.93, with a volume of 268,393 shares.
Analyst Ratings Changes
Several equities research analysts have recently weighed in on the company. HSBC downgraded ZTO Express (Cayman) from a "buy" rating to a "hold" rating and reduced their price target for the stock from $28.00 to $20.00 in a report on Tuesday, January 21st. JPMorgan Chase & Co. began coverage on ZTO Express (Cayman) in a report on Wednesday, October 30th. They set an "overweight" rating and a $30.00 price objective on the stock. Hsbc Global Res downgraded ZTO Express (Cayman) from a "strong-buy" rating to a "hold" rating in a report on Tuesday, January 21st. Finally, StockNews.com upgraded ZTO Express (Cayman) from a "hold" rating to a "buy" rating in a report on Tuesday, January 14th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, ZTO Express (Cayman) has a consensus rating of "Moderate Buy" and an average price target of $24.53.
Get Our Latest Report on ZTO
ZTO Express (Cayman) Stock Performance
The stock has a fifty day moving average price of $19.12 and a 200-day moving average price of $20.94. The firm has a market capitalization of $12.14 billion, a PE ratio of 13.86, a P/E/G ratio of 0.96 and a beta of -0.16.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently made changes to their positions in ZTO. Point72 DIFC Ltd purchased a new position in shares of ZTO Express (Cayman) in the 3rd quarter valued at $26,000. 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 valued at $46,000 after buying an additional 690 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of ZTO Express (Cayman) during the 3rd quarter valued at about $46,000. Blue Trust Inc. raised its stake 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 raised its stake in shares of ZTO Express (Cayman) by 14.8% during the 4th quarter. Confluence Investment Management LLC now owns 10,282 shares of the transportation company's stock valued at $201,000 after buying an additional 1,326 shares during the last quarter. 41.65% of the stock is currently owned by hedge funds and other institutional investors.
About ZTO Express (Cayman)
(
Get Free Report)
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.
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