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

ZTO Express (Cayman) (NYSE:ZTO) was downgraded by stock analysts at StockNews.com from a “buy” rating to a “hold” rating in a report released on Tuesday.

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

ZTO Express (Cayman) Trading Up 2.9 %

NYSE ZTO traded up $0.60 during trading hours 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 business has a 50-day simple moving average of $19.43 and a 200 day simple moving average of $20.98. ZTO Express has a 52 week low of $17.89 and a 52 week high of $27.50. The stock has a market cap of $12.89 billion, a PE ratio of 14.71, a PEG ratio of 1.03 and a beta of -0.13.

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

Institutional Investors Weigh In On ZTO Express (Cayman)

A number of institutional investors have recently bought and sold shares of ZTO. Caprock Group LLC purchased a new stake in shares of ZTO Express (Cayman) in the third quarter worth approximately $230,000. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of ZTO Express (Cayman) during the 3rd quarter valued at $505,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of ZTO Express (Cayman) during the 3rd quarter valued at $8,723,000. Advisors Asset Management Inc. grew its holdings in shares of ZTO Express (Cayman) by 12.0% during the 3rd quarter. Advisors Asset Management Inc. now owns 12,057 shares of the transportation company’s stock valued at $299,000 after acquiring an additional 1,293 shares in the last quarter. Finally, Pzena Investment Management LLC increased its stake in shares of ZTO Express (Cayman) by 18.1% in the third quarter. Pzena Investment Management LLC now owns 7,039,599 shares of the transportation company’s stock worth $174,371,000 after acquiring an additional 1,079,327 shares during the last quarter. 41.65% of the stock is currently owned by institutional investors and hedge funds.

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.