ZTO Express (Cayman) (NYSE:ZTO) Shares Down 3% - Should You Sell?

ZTO Express (Cayman) Inc. (NYSE:ZTO - Get Free Report)'s share price dropped 3% on Thursday . The stock traded as low as $18.89 and last traded at $18.96. Approximately 387,613 shares traded hands during trading, a decline of 89% from the average daily volume of 3,418,960 shares. The stock had previously closed at $19.55.

Analyst Ratings Changes

ZTO has been the subject of a number of analyst reports. StockNews.com upgraded shares of ZTO Express (Cayman) from a "hold" rating to a "buy" rating in a research note on Wednesday, December 25th. JPMorgan Chase & Co. started coverage on ZTO Express (Cayman) in a report on Wednesday, October 30th. They issued an "overweight" rating and a $30.00 target price for the company. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $27.03.

ZTO Express (Cayman) Price Performance

The stock has a market capitalization of $11.50 billion, a P/E ratio of 13.12, a PEG ratio of 0.98 and a beta of -0.13. The company's 50 day simple moving average is $20.40 and its two-hundred day simple moving average is $21.29.

Hedge Funds Weigh In On ZTO Express (Cayman)

Several institutional investors have recently bought and sold shares of ZTO. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of ZTO Express (Cayman) in the third quarter worth about $8,723,000. Fisher Asset Management LLC boosted its position in ZTO Express (Cayman) by 10.0% in the 3rd quarter. Fisher Asset Management LLC now owns 3,484,318 shares of the transportation company's stock valued at $86,307,000 after buying an additional 317,450 shares during the last quarter. Renaissance Technologies LLC increased its position in ZTO Express (Cayman) by 60.9% in the second quarter. Renaissance Technologies LLC now owns 167,300 shares of the transportation company's stock worth $3,471,000 after purchasing an additional 63,300 shares during the period. Public Sector Pension Investment Board raised its stake in shares of ZTO Express (Cayman) by 17.7% during the second quarter. Public Sector Pension Investment Board now owns 144,347 shares of the transportation company's stock worth $2,995,000 after buying an additional 21,750 shares during the last quarter. Finally, Scientech Research LLC bought a new stake in shares of ZTO Express (Cayman) during the 2nd quarter valued at $927,000. 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.