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

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

Several equities analysts recently issued reports on ZTO shares. JPMorgan Chase & Co. began coverage on ZTO Express (Cayman) in a research note on Wednesday, October 30th. They set an “overweight” rating and a $30.00 price target on the stock. StockNews.com upgraded ZTO Express (Cayman) from a “hold” rating to a “buy” rating in a research report on Tuesday, January 14th. HSBC lowered ZTO Express (Cayman) from a “buy” rating to a “hold” rating and cut their target price for the company from $28.00 to $20.00 in a research note on Tuesday, January 21st. Finally, Hsbc Global Res downgraded shares of ZTO Express (Cayman) from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 21st.

ZTO Express (Cayman) Stock Performance

NYSE:ZTO opened at $20.78 on Monday. The firm’s 50-day moving average is $19.27 and its 200-day moving average is $21.02. The company has a market cap of $12.55 billion, a price-to-earnings ratio of 14.33, a PEG ratio of 1.03 and a beta of -0.16. ZTO Express has a 52-week low of $17.89 and a 52-week high of $27.50.

Hedge Funds Weigh In On ZTO Express (Cayman)

A number of hedge funds have recently modified their holdings of the stock. Public Employees Retirement System of Ohio boosted its stake in ZTO Express (Cayman) by 10.1% in the 4th quarter. Public Employees Retirement System of Ohio now owns 209,907 shares of the transportation company’s stock valued at $4,104,000 after buying an additional 19,329 shares in the last quarter. Arrowpoint Investment Partners Singapore Pte. Ltd. bought a new position in shares of ZTO Express (Cayman) during the fourth quarter valued at $246,000. Voloridge Investment Management LLC acquired a new stake in shares of ZTO Express (Cayman) in the 4th quarter valued at $10,802,000. Quantinno Capital Management LP grew its holdings in shares of ZTO Express (Cayman) by 20.5% in the 4th quarter. Quantinno Capital Management LP now owns 18,444 shares of the transportation company’s stock worth $361,000 after purchasing an additional 3,133 shares during the last quarter. Finally, OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in shares of ZTO Express (Cayman) during the 4th quarter worth about $231,000. 41.65% of the stock is 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.