HSBC Holdings plc started coverage on shares of Zto Express Inc (NYSE:ZTO) in a research report issued on Tuesday, The Fly reports. The brokerage set a “reduce” rating on the transportation company’s stock.

Several other equities analysts also recently issued reports on the stock. Zacks Investment Research upgraded shares of Zto Express from a “sell” rating to a “hold” rating in a research note on Tuesday, July 25th. UBS AG began coverage on shares of Zto Express in a research note on Tuesday, July 11th. They issued a “buy” rating for the company. Finally, CLSA began coverage on shares of Zto Express in a research note on Monday, June 26th. They issued a “sell” rating for the company. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $18.17.

Zto Express (ZTO) opened at 15.03 on Tuesday. The stock has a market cap of $10.83 billion and a price-to-earnings ratio of 32.75. The company has a 50-day moving average price of $14.73 and a 200-day moving average price of $13.66. Zto Express has a 52 week low of $11.14 and a 52 week high of $18.45.

Zto Express (NYSE:ZTO) last released its quarterly earnings data on Wednesday, May 17th. The transportation company reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.01. The company had revenue of $2.61 billion during the quarter, compared to analyst estimates of $2.58 billion. The business’s revenue was up 33.5% compared to the same quarter last year. Equities research analysts anticipate that Zto Express will post $0.62 EPS for the current year.

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Large investors have recently made changes to their positions in the stock. FMR LLC acquired a new stake in shares of Zto Express during the fourth quarter worth approximately $4,095,000. Guggenheim Capital LLC acquired a new stake in shares of Zto Express during the fourth quarter worth approximately $763,000. Macquarie Group Ltd. acquired a new stake in shares of Zto Express during the fourth quarter worth approximately $6,034,000. Quantitative Systematic Strategies LLC boosted its stake in shares of Zto Express by 29.2% in the first quarter. Quantitative Systematic Strategies LLC now owns 22,240 shares of the transportation company’s stock worth $291,000 after buying an additional 5,021 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D boosted its stake in shares of Zto Express by 309.8% in the first quarter. State of New Jersey Common Pension Fund D now owns 186,401 shares of the transportation company’s stock worth $2,440,000 after buying an additional 140,915 shares during the last quarter. 20.32% of the stock is owned by institutional investors and hedge funds.

About Zto Express

ZTO Express (Cayman) Inc is an express delivery company in China. The Company provides express delivery service through its nationwide network, as well as other value-added logistics services. The Company provides its services for a range of online merchants and consumers transacting on the Chinese e-commerce platforms, such as Alibaba and JD.com.

The Fly

Analyst Recommendations for Zto Express (NYSE:ZTO)

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