Jefferies analyst Thomas Chong maintained a Buy rating on ZTO Express (ZTO – Research Report) yesterday. The company’s shares closed yesterday at $29.04.
According to TipRanks, Chong is a 3-star analyst with an average return of 4.1% and a 39.31% success rate. Chong covers the Technology sector, focusing on stocks such as Baidu, AutoHome, and Weibo.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for ZTO Express with a $36.32 average price target, which is a 25.07% upside from current levels. In a report released yesterday, Bank of America Securities also reiterated a Buy rating on the stock with a $39.00 price target.
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ZTO market cap is currently $23.3B and has a P/E ratio of 23.40.
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ZTO Express (Cayman) Inc. is a China-based express delivery services company. The firm provides domestic and international express delivery as well as other value-added logistics services.
Read More on ZTO:
- ZTO Earnings this Week: How Will it Perform?
- Goldman Sachs Sees at Least 50% Gains in These 3 Chinese Stocks — Here’s Why They Could Soar
- ZTO Express upgraded to Buy at Goldman on resumption of market share gains
- ZTO Express upgraded to Buy from Neutral at Goldman Sachs
- ZTO Express reports independent investigation conclusion on short seller report
