ZTO Express (Cayman) Inc. (NYSE:ZTO) Receives Consensus Rating of “Hold” from Brokerages

ZTO Express (Cayman) Inc. (NYSE:ZTO) has been assigned an average rating of “Hold” from the five analysts that are presently covering the company, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $24.53.

Several equities analysts have recently commented on ZTO shares. HSBC lowered 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 research note on Tuesday. Hsbc Global Res downgraded ZTO Express (Cayman) from a “strong-buy” rating to a “hold” rating in a research note on Tuesday. JPMorgan Chase & Co. assumed coverage on shares of ZTO Express (Cayman) in a research note on Wednesday, October 30th. They set an “overweight” rating and a $30.00 target price on the stock. Finally, StockNews.com raised ZTO Express (Cayman) from a “hold” rating to a “buy” rating in a research report on Tuesday, January 14th.

ZTO Express (Cayman) Trading Down 2.4 %

Shares of NYSE ZTO opened at $18.77 on Thursday. ZTO Express has a 12-month low of $15.90 and a 12-month high of $27.50. The firm has a market capitalization of $11.34 billion, a price-to-earnings ratio of 12.94, a price-to-earnings-growth ratio of 0.97 and a beta of -0.15. The firm has a 50 day moving average of $19.30 and a 200 day moving average of $21.05.

Institutional Trading of ZTO Express (Cayman)

A number of hedge funds and other institutional investors have recently made changes to their positions in ZTO. Pzena Investment Management LLC raised its holdings in ZTO Express (Cayman) by 18.1% during 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 in the last quarter. Fisher Asset Management LLC raised its stake in ZTO Express (Cayman) by 10.0% during the third quarter. Fisher Asset Management LLC now owns 3,484,318 shares of the transportation company’s stock worth $86,307,000 after acquiring an additional 317,450 shares in the last quarter. Hhlr Advisors LTD. grew its holdings in shares of ZTO Express (Cayman) by 8,172.7% during the third quarter. Hhlr Advisors LTD. now owns 3,003,008 shares of the transportation company’s stock worth $74,385,000 after purchasing an additional 2,966,708 shares during the last quarter. Dimensional Fund Advisors LP increased its position in ZTO Express (Cayman) by 2.4% during the 2nd 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 period. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new position in ZTO Express (Cayman) in the third quarter valued at approximately $29,350,000. 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.