ZTO Express (Cayman) (NYSE:ZTO – Get Free Report) was downgraded by HSBC from a “buy” rating to a “hold” rating in a research note issued to investors on Tuesday,Briefing.com Automated Import reports. They presently have a $20.00 price target on the transportation company’s stock, down from their previous price target of $28.00. HSBC’s target price suggests a potential upside of 5.07% from the stock’s current price.
A number of other equities analysts have also recently issued reports on ZTO. StockNews.com upgraded ZTO Express (Cayman) from a “hold” rating to a “buy” rating in a report on Tuesday, January 14th. JPMorgan Chase & Co. initiated coverage on shares of ZTO Express (Cayman) in a report on Wednesday, October 30th. They set an “overweight” rating and a $30.00 price objective for the company. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, ZTO Express (Cayman) has a consensus rating of “Moderate Buy” and a consensus price target of $24.53.
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ZTO Express (Cayman) Stock Performance
Institutional Investors Weigh In On ZTO Express (Cayman)
Several large investors have recently modified their holdings of ZTO. Pzena Investment Management LLC grew 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 valued at $174,371,000 after purchasing an additional 1,079,327 shares during the period. Fisher Asset Management LLC increased its holdings in shares of ZTO Express (Cayman) by 10.0% in the 3rd quarter. Fisher Asset Management LLC now owns 3,484,318 shares of the transportation company’s stock worth $86,307,000 after buying an additional 317,450 shares during the last quarter. Hhlr Advisors LTD. raised its position 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 in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of 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 worth $35,594,000 after acquiring an additional 40,449 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new position in ZTO Express (Cayman) in the third quarter worth $29,350,000. Hedge funds and other institutional investors own 41.65% of the company’s stock.
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.
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