In a report released yesterday, Thomas Chong from Jefferies maintained a Buy rating on ZTO Express (ZTO – Research Report), with a price target of $33.00. The company’s shares closed yesterday at $24.49.
Chong covers the Technology sector, focusing on stocks such as Alibaba, JD, and Baozun. According to TipRanks, Chong has an average return of -0.5% and a 37.96% success rate on recommended stocks.
ZTO Express has an analyst consensus of Strong Buy, with a price target consensus of $32.00, which is a 30.67% upside from current levels. In a report released today, Bernstein also maintained a Buy rating on the stock with a $31.00 price target.
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ZTO market cap is currently $19.51B and has a P/E ratio of 17.47.
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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.
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