Jefferies analyst Thomas Chong maintained a Buy rating on ZTO Express (ZTO – Research Report) on June 2 and set a price target of $35.00. The company’s shares closed last Friday at $26.35.
Chong covers the Technology sector, focusing on stocks such as Baidu, JD, and Alibaba. According to TipRanks, Chong has an average return of -0.9% and a 31.68% success rate on recommended stocks.
Currently, the analyst consensus on ZTO Express is a Strong Buy with an average price target of $38.70, representing a 46.87% upside. In a report released on May 19, HSBC also maintained a Buy rating on the stock with a $36.00 price target.
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ZTO market cap is currently HK$166B and has a P/E ratio of 19.33.
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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:
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- 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
