ZTO Express (Cayman) (NYSE:ZTO) Shares Gap Down – Time to Sell?

ZTO Express (Cayman) Inc. (NYSE:ZTO) shares gapped down prior to trading on Monday . The stock had previously closed at $20.78, but opened at $19.96. ZTO Express (Cayman) shares last traded at $19.79, with a volume of 706,908 shares changing hands.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on ZTO. StockNews.com upgraded shares of ZTO Express (Cayman) from a “hold” rating to a “buy” rating in a research note on Tuesday, January 14th. Hsbc Global Res downgraded ZTO Express (Cayman) from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 21st. JPMorgan Chase & Co. initiated coverage on shares of ZTO Express (Cayman) in a report on Wednesday, October 30th. They set an “overweight” rating and a $30.00 price objective on the stock. Finally, HSBC downgraded shares of ZTO Express (Cayman) from a “buy” rating to a “hold” rating and reduced their price target for the company from $28.00 to $20.00 in a research report on Tuesday, January 21st. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $24.53.

ZTO Express (Cayman) Price Performance

The company has a market capitalization of $11.77 billion, a PE ratio of 13.44, a P/E/G ratio of 1.03 and a beta of -0.16. The stock has a 50-day simple moving average of $19.27 and a 200 day simple moving average of $21.02.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Point72 DIFC Ltd acquired a new stake in shares of ZTO Express (Cayman) during the third quarter valued at $26,000. Van ECK Associates Corp grew its holdings in ZTO Express (Cayman) by 60.8% in the third quarter. Van ECK Associates Corp now owns 1,825 shares of the transportation company’s stock valued at $46,000 after purchasing an additional 690 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of ZTO Express (Cayman) in the 3rd quarter valued at $46,000. Blue Trust Inc. increased its holdings 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 worth $57,000 after buying an additional 1,560 shares during the last quarter. Finally, Confluence Investment Management LLC boosted its holdings 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 acquiring an additional 1,326 shares during the last quarter. 41.65% of the stock is owned by hedge funds and other institutional investors.

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.