ZTO Express (Cayman) (NYSE:ZTO) Shares Gap Down – Time to Sell?

ZTO Express (Cayman) Inc. (NYSE:ZTO) shares gapped down before the market opened on Thursday . The stock had previously closed at $21.76, but opened at $20.50. ZTO Express (Cayman) shares last traded at $20.27, with a volume of 618,139 shares changing hands.

Analyst Ratings Changes

ZTO has been the subject of several research reports. Hsbc Global Res lowered shares of ZTO Express (Cayman) from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 21st. HSBC cut ZTO Express (Cayman) from a “buy” rating to a “hold” rating and cut their target price for the stock from $28.00 to $20.00 in a research note on Tuesday, January 21st. StockNews.com lowered shares of ZTO Express (Cayman) from a “buy” rating to a “hold” rating in a report on Tuesday. Finally, JPMorgan Chase & Co. lowered shares of ZTO Express (Cayman) from an “overweight” rating to a “neutral” rating and lowered their price objective for the stock from $25.00 to $23.00 in a report on Thursday. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, ZTO Express (Cayman) has an average rating of “Hold” and a consensus price target of $22.78.

ZTO Express (Cayman) Stock Performance

The business’s 50-day moving average price is $19.48 and its 200-day moving average price is $20.99. The stock has a market cap of $12.11 billion, a P/E ratio of 13.82, a P/E/G ratio of 1.03 and a beta of -0.13.

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

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Point72 DIFC Ltd purchased a new position in shares of ZTO Express (Cayman) during the 3rd quarter valued at $26,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of ZTO Express (Cayman) during the 3rd quarter valued at $46,000. Blue Trust Inc. lifted its stake in shares of ZTO Express (Cayman) by 119.8% during 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 in the last quarter. Confluence Investment Management LLC lifted its stake in shares of ZTO Express (Cayman) by 14.8% during the 4th quarter. Confluence Investment Management LLC now owns 10,282 shares of the transportation company’s stock valued at $201,000 after buying an additional 1,326 shares in the last quarter. Finally, Schechter Investment Advisors LLC lifted its stake in shares of ZTO Express (Cayman) by 12.0% during the 4th quarter. Schechter Investment Advisors LLC now owns 11,255 shares of the transportation company’s stock valued at $220,000 after buying an additional 1,204 shares in the last quarter. Hedge funds and other institutional investors 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.