HSBC Lowers ZTO Express (Cayman) (NYSE:ZTO) Price Target to $33.00

ZTO Express (Cayman) (NYSE:ZTOGet Rating) had its target price reduced by HSBC from $36.00 to $33.00 in a research note issued to investors on Wednesday, The Fly reports. HSBC’s price target points to a potential upside of 44.10% from the stock’s current price.

Several other analysts have also recently weighed in on ZTO. JPMorgan Chase & Co. raised ZTO Express (Cayman) from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $27.00 to $35.00 in a report on Friday, August 19th. TheStreet downgraded ZTO Express (Cayman) from a “b-” rating to a “c+” rating in a report on Tuesday, October 25th. Citigroup reduced their price target on shares of ZTO Express (Cayman) from $40.30 to $32.80 and set a “buy” rating for the company in a research report on Wednesday. Finally, StockNews.com assumed coverage on shares of ZTO Express (Cayman) in a research report on Wednesday, October 12th. They set a “hold” rating on the stock.

ZTO Express (Cayman) Stock Up 2.7 %

ZTO stock opened at $22.90 on Wednesday. The firm has a market cap of $13.82 billion, a PE ratio of 19.41, a PEG ratio of 1.08 and a beta of -0.14. ZTO Express has a 1 year low of $16.27 and a 1 year high of $32.67. The company has a fifty day simple moving average of $21.99 and a 200 day simple moving average of $24.57. The company has a current ratio of 1.59, a quick ratio of 1.25 and a debt-to-equity ratio of 0.13.

Institutional Investors Weigh In On ZTO Express (Cayman)

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Harbor Investment Advisory LLC acquired a new stake in ZTO Express (Cayman) during the 3rd quarter worth approximately $30,000. Wipfli Financial Advisors LLC acquired a new position in shares of ZTO Express (Cayman) during the 3rd quarter worth approximately $34,000. Pinebridge Investments L.P. increased its position in ZTO Express (Cayman) by 325.0% during the 2nd quarter. Pinebridge Investments L.P. now owns 1,275 shares of the transportation company’s stock worth $35,000 after purchasing an additional 975 shares in the last quarter. Captrust Financial Advisors acquired a new position in ZTO Express (Cayman) in the 2nd quarter valued at $36,000. Finally, Janiczek Wealth Management LLC increased its stake in ZTO Express (Cayman) by 77.9% in the second quarter. Janiczek Wealth Management LLC now owns 2,807 shares of the transportation company’s stock valued at $72,000 after purchasing an additional 1,229 shares during the last quarter. 39.22% of the stock is currently owned by institutional investors and hedge funds.

ZTO Express (Cayman) Company Profile

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ZTO Express (Cayman) Inc provides express delivery and other value-added logistics services in the People's Republic of China. The company offers delivery services for e-commerce and traditional merchants, and other express service users. As of December 31, 2021, it operated a fleet of approximately 10,900 trucks.

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