ZTO Express (Cayman) (NYSE:ZTO) Cut to “Hold” at Hsbc Global Res

ZTO Express (Cayman) (NYSE:ZTO) was downgraded by Hsbc Global Res from a “strong-buy” rating to a “hold” rating in a research note issued on Tuesday,Zacks.com reports.

A number of other equities research analysts have also recently commented on ZTO. StockNews.com raised shares of 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 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, HSBC downgraded shares of ZTO Express (Cayman) from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $28.00 to $20.00 in a research report on Tuesday. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $24.53.

ZTO Express (Cayman) Price Performance

NYSE ZTO opened at $18.77 on Tuesday. The company has a market capitalization of $11.34 billion, a PE ratio of 12.94, a P/E/G ratio of 0.97 and a beta of -0.15. The company has a fifty day moving average of $19.34 and a 200 day moving average of $21.06. ZTO Express has a 1 year low of $15.90 and a 1 year high of $27.50.

Institutional Trading of ZTO Express (Cayman)

Institutional investors and hedge funds have recently modified their holdings of the stock. Pzena Investment Management LLC lifted its holdings 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 valued at $174,371,000 after purchasing an additional 1,079,327 shares in the last quarter. Fisher Asset Management LLC boosted its holdings in shares of ZTO Express (Cayman) by 10.0% during the 3rd quarter. Fisher Asset Management LLC now owns 3,484,318 shares of the transportation company’s stock worth $86,307,000 after purchasing an additional 317,450 shares during the last quarter. Hhlr Advisors LTD. grew its position in shares of ZTO Express (Cayman) by 8,172.7% in the third quarter. Hhlr Advisors LTD. now owns 3,003,008 shares of the transportation company’s stock valued at $74,385,000 after purchasing an additional 2,966,708 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of ZTO Express (Cayman) by 2.4% in the second quarter. Dimensional Fund Advisors LP now owns 1,714,763 shares of the transportation company’s stock valued at $35,594,000 after purchasing an additional 40,449 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new position in ZTO Express (Cayman) during the third quarter worth approximately $29,350,000. Hedge funds and other institutional investors 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.