ZTO Express (Cayman) (NYSE:ZTO) Shares Gap Down – Should You Sell?

ZTO Express (Cayman) Inc. (NYSE:ZTO)’s share price gapped down prior to trading on Monday . The stock had previously closed at $20.78, but opened at $19.96. ZTO Express (Cayman) shares last traded at $19.79, with a volume of 706,908 shares traded.

Analyst Ratings Changes

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

ZTO Express (Cayman) Price Performance

The firm has a market capitalization of $11.98 billion, a PE ratio of 13.69, a P/E/G ratio of 1.03 and a beta of -0.16. The company’s fifty day simple moving average is $19.27 and its 200-day simple moving average is $21.02.

Institutional Investors Weigh In On ZTO Express (Cayman)

Several large investors have recently bought and sold shares of the company. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of ZTO Express (Cayman) in the third quarter worth approximately $8,723,000. Fisher Asset Management LLC lifted its holdings in 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 valued at $86,307,000 after purchasing an additional 317,450 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in ZTO Express (Cayman) by 112.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 187,114 shares of the transportation company’s stock worth $4,635,000 after purchasing an additional 98,877 shares during the last quarter. Point72 Asset Management L.P. purchased a new stake in shares of ZTO Express (Cayman) during the third quarter worth $12,407,000. Finally, Confluence Investment Management LLC grew its holdings in shares of ZTO Express (Cayman) by 14.8% during the fourth quarter. Confluence Investment Management LLC now owns 10,282 shares of the transportation company’s stock worth $201,000 after buying an additional 1,326 shares in the last quarter. 41.65% of the stock is currently owned by hedge funds and other institutional investors.

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.