ZTO Express (Cayman) (NYSE:ZTO) Trading Down 3% – Time to Sell?

ZTO Express (Cayman) Inc. (NYSE:ZTO) shares dropped 3% during trading on Thursday . The stock traded as low as $18.89 and last traded at $18.96. Approximately 387,613 shares were traded during mid-day trading, a decline of 89% from the average daily volume of 3,418,960 shares. The stock had previously closed at $19.55.

Analysts Set New Price Targets

ZTO has been the topic of a number of recent analyst reports. StockNews.com upgraded shares of ZTO Express (Cayman) from a “hold” rating to a “buy” rating in a report on Wednesday, December 25th. JPMorgan Chase & Co. began coverage on 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. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, ZTO Express (Cayman) has a consensus rating of “Moderate Buy” and an average price target of $27.03.

ZTO Express (Cayman) Trading Up 1.3 %

The business’s 50-day simple moving average is $20.30 and its 200-day simple moving average is $21.26. The company has a market cap of $11.65 billion, a PE ratio of 13.30, a P/E/G ratio of 0.98 and a beta of -0.13.

Hedge Funds Weigh In On ZTO Express (Cayman)

Hedge funds have recently added to or reduced their stakes in the company. Point72 DIFC Ltd bought a new stake in shares of ZTO Express (Cayman) during the 3rd quarter worth about $26,000. Van ECK Associates Corp boosted its position in ZTO Express (Cayman) by 60.8% during 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. acquired a new position in ZTO Express (Cayman) during the third quarter valued at approximately $46,000. Blue Trust Inc. grew its holdings in 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 last quarter. Finally, Confluence Investment Management LLC raised its position in shares of ZTO Express (Cayman) by 14.8% in 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 period. 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.