ZTO Express (Cayman) (NYSE:ZTO) Downgraded by Hsbc Global Res to "Hold"

ZTO Express (Cayman) (NYSE:ZTO - Get Free Report) was downgraded by investment analysts at Hsbc Global Res from a "strong-buy" rating to a "hold" rating in a research report issued on Tuesday,Zacks.com reports.

Other equities analysts also recently issued research reports about the company. HSBC downgraded ZTO Express (Cayman) from a "buy" rating to a "hold" rating and dropped their price objective for the stock from $28.00 to $20.00 in a report on Tuesday. JPMorgan Chase & Co. began coverage on shares of ZTO Express (Cayman) in a report on Wednesday, October 30th. They issued an "overweight" rating and a $30.00 price objective for the company. Finally, StockNews.com upgraded 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 assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $24.53.

ZTO Express (Cayman) Stock Performance

Shares of NYSE:ZTO traded down $0.27 during midday trading on Tuesday, hitting $18.50. 1,386,545 shares of the stock were exchanged, compared to its average volume of 2,259,335. The business's fifty day simple moving average is $19.30 and its two-hundred day simple moving average is $21.05. ZTO Express has a 52-week low of $15.90 and a 52-week high of $27.50. The company has a market capitalization of $11.18 billion, a PE ratio of 12.76, a P/E/G ratio of 0.97 and a beta of -0.15.

Institutional Investors Weigh In On ZTO Express (Cayman)

Several hedge funds and other institutional investors have recently modified their holdings of ZTO. Blue Trust Inc. increased its stake in ZTO Express (Cayman) by 119.8% during the fourth quarter. Blue Trust Inc. now owns 5,061 shares of the transportation company's stock valued at $99,000 after acquiring an additional 2,758 shares during the period. SG Americas Securities LLC lifted its holdings in ZTO Express (Cayman) by 2,787.7% during the 4th quarter. SG Americas Securities LLC now owns 295,725 shares of the transportation company's stock valued at $5,781,000 after purchasing an additional 285,484 shares during the last quarter. Confluence Investment Management LLC boosted its position in ZTO Express (Cayman) by 14.8% in the fourth 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 in the last quarter. Public Employees Retirement System of Ohio bought a new stake in ZTO Express (Cayman) during the third quarter worth about $4,721,000. Finally, Stifel Financial Corp increased its holdings in shares of ZTO Express (Cayman) by 8.5% during the third quarter. Stifel Financial Corp now owns 36,952 shares of the transportation company's stock worth $915,000 after buying an additional 2,888 shares in the last quarter. Institutional investors and hedge funds own 41.65% of the company's stock.

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.