ZTO Express (Cayman) Inc (ZTO) Receives Consensus Rating of “Hold” from Brokerages
Shares of ZTO Express (Cayman) Inc (NYSE:ZTO) have been assigned an average rating of “Hold” from the seven brokerages that are presently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating on the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $16.08.
ZTO has been the topic of a number of recent analyst reports. Daiwa Capital Markets initiated coverage on ZTO Express (Cayman) in a research note on Thursday, November 2nd. They issued a “buy” rating and a $18.50 price objective on the stock. Zacks Investment Research raised ZTO Express (Cayman) from a “sell” rating to a “hold” rating in a research note on Tuesday, September 5th. UBS downgraded ZTO Express (Cayman) from a “buy” rating to a “neutral” rating in a research note on Friday, November 24th. Finally, Macquarie initiated coverage on ZTO Express (Cayman) in a research note on Tuesday, September 19th. They issued an “outperform” rating and a $17.30 price objective on the stock.
Shares of ZTO Express (NYSE ZTO) traded up $0.25 during mid-day trading on Thursday, hitting $16.02. The company had a trading volume of 6,594,716 shares, compared to its average volume of 2,483,172. ZTO Express has a 1-year low of $11.14 and a 1-year high of $18.08. The company has a market cap of $8,200.03, a P/E ratio of 28.38 and a beta of 0.10.
ZTO Express (Cayman) Company Profile
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.
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