ZTO Express (Cayman) (NYSE:ZTO) Downgraded by Wall Street Zen to "Hold"

ZTO Express (Cayman) (NYSE:ZTO - Get Free Report) was downgraded by stock analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a research note issued on Saturday.

ZTO has been the topic of a number of other research reports. HSBC upgraded shares of ZTO Express (Cayman) from a "hold" rating to a "buy" rating and set a $22.00 target price on the stock in a research note on Monday, April 14th. Hsbc Global Res upgraded ZTO Express (Cayman) from a "hold" rating to a "strong-buy" rating in a research note on Monday, April 14th. JPMorgan Chase & Co. cut shares of ZTO Express (Cayman) from an "overweight" rating to a "neutral" rating and lowered their target price for the company from $25.00 to $23.00 in a research note on Thursday, March 20th. Citigroup reduced their price objective on shares of ZTO Express (Cayman) from $26.40 to $22.60 and set a "buy" rating on the stock in a research note on Thursday, May 22nd. Finally, Bank of America lowered ZTO Express (Cayman) from a "buy" rating to a "neutral" rating and lowered their price target for the stock from $24.00 to $19.00 in a research report on Thursday, May 22nd. Four analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, ZTO Express (Cayman) presently has an average rating of "Moderate Buy" and a consensus target price of $21.56.

ZTO Express (Cayman) Stock Performance

Shares of ZTO stock traded up $0.73 on Friday, hitting $17.49. 2,849,945 shares of the stock traded hands, compared to its average volume of 2,790,589. The stock has a market capitalization of $10.46 billion, a PE ratio of 12.06, a PEG ratio of 1.03 and a beta of -0.14. The firm's 50-day moving average price is $18.61 and its two-hundred day moving average price is $19.21. ZTO Express has a twelve month low of $16.34 and a twelve month high of $27.50.

ZTO Express (Cayman) (NYSE:ZTO - Get Free Report) last issued its quarterly earnings results on Tuesday, March 18th. The transportation company reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by ($0.02). The company had revenue of $1.77 billion during the quarter, compared to analyst estimates of $11.73 billion. ZTO Express (Cayman) had a net margin of 20.56% and a return on equity of 15.44%. On average, equities research analysts anticipate that ZTO Express will post 1.57 EPS for the current fiscal year.

Hedge Funds Weigh In On ZTO Express (Cayman)

Several hedge funds have recently added to or reduced their stakes in the company. UMB Bank n.a. boosted its stake in ZTO Express (Cayman) by 106.4% in the 1st quarter. UMB Bank n.a. now owns 1,288 shares of the transportation company's stock worth $26,000 after purchasing an additional 664 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in ZTO Express (Cayman) by 6.4% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 12,212 shares of the transportation company's stock worth $242,000 after acquiring an additional 730 shares during the last quarter. First Horizon Advisors Inc. grew its holdings in shares of ZTO Express (Cayman) by 70.8% in the first quarter. First Horizon Advisors Inc. now owns 2,132 shares of the transportation company's stock valued at $42,000 after purchasing an additional 884 shares during the period. Natixis Advisors LLC lifted its stake in shares of ZTO Express (Cayman) by 1.4% in the 4th quarter. Natixis Advisors LLC now owns 64,943 shares of the transportation company's stock valued at $1,270,000 after purchasing an additional 918 shares during the last quarter. Finally, Fox Run Management L.L.C. lifted its stake in ZTO Express (Cayman) by 7.5% during the fourth quarter. Fox Run Management L.L.C. now owns 14,069 shares of the transportation company's stock worth $275,000 after purchasing an additional 980 shares in the last quarter. 41.65% of the stock is currently owned by 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.