ZTO Express (Cayman) (NYSE:ZTO) Downgraded by StockNews.com to Hold

ZTO Express (Cayman) (NYSE:ZTO) was downgraded by stock analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued on Tuesday.

ZTO has been the topic of several other reports. HSBC cut ZTO Express (Cayman) from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $28.00 to $20.00 in a research note on Tuesday, January 21st. Hsbc Global Res lowered ZTO Express (Cayman) from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 21st. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $24.53.

ZTO Express (Cayman) Trading Up 2.4 %

ZTO Express (Cayman) stock opened at $21.81 on Tuesday. The stock has a market cap of $13.18 billion, a P/E ratio of 15.04, a price-to-earnings-growth ratio of 1.03 and a beta of -0.13. The stock has a 50 day moving average of $19.48 and a 200-day moving average of $20.99. ZTO Express has a 52 week low of $17.89 and a 52 week high of $27.50.

ZTO Express (Cayman) (NYSE:ZTO) last announced its quarterly earnings data on Tuesday, March 18th. The transportation company reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.47 by ($0.03). ZTO Express (Cayman) had a return on equity of 15.44% and a net margin of 20.56%. The firm had revenue of $1.77 billion for the quarter, compared to the consensus estimate of $11.73 billion. As a group, equities analysts predict that ZTO Express will post 1.57 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

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