ZTO Express (Cayman) (NYSE:ZTO) Sees Strong Trading Volume – Here’s Why

ZTO Express (Cayman) Inc. (NYSE:ZTO) saw unusually-strong trading volume on Wednesday . Approximately 3,965,206 shares changed hands during 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.

Analyst Upgrades and Downgrades

ZTO has been the subject of a number of research analyst reports. JPMorgan Chase & Co. assumed coverage on shares of ZTO Express (Cayman) in a research report on Wednesday, October 30th. They issued an “overweight” rating and a $30.00 target price for the company. StockNews.com upgraded ZTO Express (Cayman) from a “hold” rating to a “buy” rating in a report on Tuesday, January 14th. Hsbc Global Res downgraded ZTO Express (Cayman) from a “strong-buy” rating to a “hold” rating in a research note on Tuesday. Finally, HSBC lowered ZTO Express (Cayman) from a “buy” rating to a “hold” rating and dropped their target price for the stock from $28.00 to $20.00 in a research report on Tuesday. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $24.53.

ZTO Express (Cayman) Trading Up 1.1 %

The firm’s 50 day moving average price is $19.25 and its 200-day moving average price is $21.03. The company has a market cap of $11.28 billion, a P/E ratio of 12.87, a price-to-earnings-growth ratio of 0.94 and a beta of -0.15.

Institutional Trading of ZTO Express (Cayman)

Several hedge funds and other institutional investors have recently modified their holdings of ZTO. Blue Trust Inc. increased its stake in ZTO Express (Cayman) by 119.8% in the 4th quarter. Blue Trust Inc. now owns 5,061 shares of the transportation company’s stock valued at $99,000 after buying an additional 2,758 shares during the last quarter. SG Americas Securities LLC raised its holdings in ZTO Express (Cayman) by 2,787.7% during the fourth quarter. SG Americas Securities LLC now owns 295,725 shares of the transportation company’s stock worth $5,781,000 after acquiring an additional 285,484 shares in the last quarter. Confluence Investment Management LLC boosted its position in 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 valued at $201,000 after purchasing an additional 1,326 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new position in shares of ZTO Express (Cayman) during the 3rd quarter worth approximately $4,721,000. Finally, Stifel Financial Corp raised its stake in shares of ZTO Express (Cayman) by 8.5% during the 3rd quarter. Stifel Financial Corp now owns 36,952 shares of the transportation company’s stock worth $915,000 after purchasing an additional 2,888 shares in the last quarter. Institutional investors and hedge funds 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.