ZTO Express (Cayman) (NYSE:ZTO) Downgraded by StockNews.com to “Hold”

ZTO Express (Cayman) (NYSE:ZTO) was downgraded by equities research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.

Other research analysts also recently issued research reports about the stock. Hsbc Global Res downgraded shares of ZTO Express (Cayman) from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 21st. HSBC downgraded shares of ZTO Express (Cayman) from a “buy” rating to a “hold” rating and cut their price target for the company from $28.00 to $20.00 in a report on Tuesday, January 21st. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $24.53.

ZTO Express (Cayman) Trading Up 2.9 %

NYSE ZTO traded up $0.60 during trading on Tuesday, reaching $21.33. The company’s stock had a trading volume of 4,508,379 shares, compared to its average volume of 3,073,230. The stock has a market capitalization of $12.89 billion, a PE ratio of 14.71, a PEG ratio of 1.03 and a beta of -0.13. ZTO Express has a 1-year low of $17.89 and a 1-year high of $27.50. The business has a 50-day moving average price of $19.43 and a 200-day moving average price of $20.98.

ZTO Express (Cayman) (NYSE:ZTO) last released its quarterly earnings results on Tuesday, March 18th. The transportation company reported $0.44 earnings per share for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.03). ZTO Express (Cayman) had a net margin of 20.56% and a return on equity of 15.44%. As a group, analysts expect that ZTO Express will post 1.57 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Caprock Group LLC acquired a new stake in ZTO Express (Cayman) in the 3rd quarter worth $230,000. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in ZTO Express (Cayman) in the 3rd quarter worth $505,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in ZTO Express (Cayman) in the 3rd quarter worth $8,723,000. Advisors Asset Management Inc. grew its position in ZTO Express (Cayman) by 12.0% in the 3rd quarter. Advisors Asset Management Inc. now owns 12,057 shares of the transportation company’s stock worth $299,000 after purchasing an additional 1,293 shares during the last quarter. Finally, Pzena Investment Management LLC grew its position 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 last quarter. 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.