ZTO Express (Cayman) (NYSE:ZTO) Shares Gap Down – What’s Next?

ZTO Express (Cayman) Inc. (NYSE:ZTO)’s stock price gapped down before the market opened on Tuesday . The stock had previously closed at $19.66, but opened at $18.95. ZTO Express (Cayman) shares last traded at $18.93, with a volume of 268,393 shares trading hands.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Hsbc Global Res downgraded shares of ZTO Express (Cayman) from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 21st. StockNews.com raised ZTO Express (Cayman) from a “hold” rating to a “buy” rating in a research note on Tuesday, January 14th. JPMorgan Chase & Co. initiated coverage on ZTO Express (Cayman) in a research report on Wednesday, October 30th. They issued an “overweight” rating and a $30.00 price objective on the stock. Finally, HSBC cut ZTO Express (Cayman) from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $28.00 to $20.00 in a research report on Tuesday, January 21st. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, ZTO Express (Cayman) presently has a consensus rating of “Moderate Buy” and an average price target of $24.53.

ZTO Express (Cayman) Price Performance

The firm has a market cap of $11.47 billion, a PE ratio of 13.09, a P/E/G ratio of 0.96 and a beta of -0.16. The stock has a 50-day moving average price of $19.07 and a 200 day moving average price of $20.96.

Hedge Funds Weigh In On ZTO Express (Cayman)

A number of hedge funds have recently made changes to their positions in the stock. Pzena Investment Management LLC raised its stake in shares of ZTO Express (Cayman) by 11.7% in the 4th quarter. Pzena Investment Management LLC now owns 7,860,285 shares of the transportation company’s stock valued at $153,669,000 after acquiring an additional 820,686 shares during the period. Greenwoods Asset Management Hong Kong Ltd. raised its position in ZTO Express (Cayman) by 10.6% in the fourth quarter. Greenwoods Asset Management Hong Kong Ltd. now owns 6,617,077 shares of the transportation company’s stock valued at $129,364,000 after purchasing an additional 633,604 shares during the period. Fisher Asset Management LLC grew its stake in shares of ZTO Express (Cayman) by 10.0% in the third quarter. Fisher Asset Management LLC now owns 3,484,318 shares of the transportation company’s stock valued at $86,307,000 after buying an additional 317,450 shares in the last quarter. Hhlr Advisors LTD. raised its holdings in shares of ZTO Express (Cayman) by 8,172.7% during the 3rd quarter. Hhlr Advisors LTD. now owns 3,003,008 shares of the transportation company’s stock valued at $74,385,000 after buying an additional 2,966,708 shares during the period. Finally, Brandes Investment Partners LP lifted its position in ZTO Express (Cayman) by 1.1% during the 4th quarter. Brandes Investment Partners LP now owns 2,395,333 shares of the transportation company’s stock worth $46,829,000 after acquiring an additional 24,903 shares in the last quarter. Institutional investors and hedge funds own 41.65% of the company’s stock.

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.