ZTO Express (Cayman) (NYSE:ZTO) Trading Down 3% – What’s Next?

ZTO Express (Cayman) Inc. (NYSE:ZTO)’s share price fell 3% during trading on Thursday . The company traded as low as $18.89 and last traded at $18.96. 387,613 shares changed hands during trading, a decline of 89% from the average session volume of 3,418,960 shares. The stock had previously closed at $19.55.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. JPMorgan Chase & Co. started coverage on shares of ZTO Express (Cayman) in a report on Wednesday, October 30th. They issued an “overweight” rating and a $30.00 target price on the stock. StockNews.com upgraded ZTO Express (Cayman) from a “hold” rating to a “buy” rating in a research report on Wednesday, December 25th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $27.03.

ZTO Express (Cayman) Price Performance

The stock has a market cap of $11.44 billion, a price-to-earnings ratio of 13.06, a PEG ratio of 0.98 and a beta of -0.13. The company’s 50 day moving average is $20.51 and its 200 day moving average is $21.30.

Hedge Funds Weigh In On ZTO Express (Cayman)

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Confluence Investment Management LLC lifted its holdings in shares of 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 purchasing an additional 1,326 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new position in shares of ZTO Express (Cayman) during the 3rd quarter worth approximately $4,721,000. Stifel Financial Corp lifted its stake in ZTO Express (Cayman) by 8.5% in the 3rd quarter. Stifel Financial Corp now owns 36,952 shares of the transportation company’s stock valued at $915,000 after buying an additional 2,888 shares in the last quarter. Pinpoint Asset Management Ltd grew its holdings in ZTO Express (Cayman) by 16.7% during the 3rd quarter. Pinpoint Asset Management Ltd now owns 105,162 shares of the transportation company’s stock valued at $2,605,000 after buying an additional 15,071 shares during the last quarter. Finally, Point72 DIFC Ltd acquired a new stake in ZTO Express (Cayman) during the 3rd quarter valued at $26,000. 41.65% of the stock is owned by institutional investors and hedge funds.

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.