ZTO Express (Cayman) (NYSE:ZTO) Sees Strong Trading Volume – What’s Next?

ZTO Express (Cayman) Inc. (NYSE:ZTO) shares saw unusually-strong trading volume on Wednesday . Approximately 3,965,206 shares were traded during mid-day trading, an increase of 78% from the previous session’s volume of 2,223,199 shares.The stock last traded at $18.73 and had previously closed at $19.22.

Wall Street Analyst Weigh In

ZTO has been the subject of several recent research reports. HSBC downgraded ZTO Express (Cayman) from a “buy” rating to a “hold” rating and reduced their price target for the company from $28.00 to $20.00 in a research note on Tuesday. Hsbc Global Res cut ZTO Express (Cayman) from a “strong-buy” rating to a “hold” rating in a research note on Tuesday. JPMorgan Chase & Co. started coverage on shares of ZTO Express (Cayman) in a research note on Wednesday, October 30th. They issued an “overweight” rating and a $30.00 price target on the stock. Finally, StockNews.com upgraded ZTO Express (Cayman) from a “hold” rating to a “buy” rating in a research report on Tuesday, January 14th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $24.53.

ZTO Express (Cayman) Price Performance

The company has a fifty day moving average of $19.25 and a 200 day moving average of $21.03. The firm has a market capitalization of $11.28 billion, a P/E ratio of 12.87, a PEG ratio of 0.94 and a beta of -0.15.

Hedge Funds Weigh In On ZTO Express (Cayman)

Several hedge funds and other institutional investors have recently bought and sold shares of ZTO. Point72 DIFC Ltd acquired a new stake in shares of ZTO Express (Cayman) during the 3rd quarter worth approximately $26,000. Van ECK Associates Corp grew its holdings in ZTO Express (Cayman) by 60.8% in the third quarter. Van ECK Associates Corp now owns 1,825 shares of the transportation company’s stock worth $46,000 after purchasing an additional 690 shares during the period. Point72 Asia Singapore Pte. Ltd. bought a new stake in ZTO Express (Cayman) in the third quarter valued at $46,000. Blue Trust Inc. raised its holdings in shares of ZTO Express (Cayman) by 210.0% during the third quarter. Blue Trust Inc. now owns 2,303 shares of the transportation company’s stock valued at $57,000 after purchasing an additional 1,560 shares during the period. Finally, Confluence Investment Management LLC bought a new position in shares of ZTO Express (Cayman) during the 3rd quarter worth about $222,000. 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.