ZTO Express (Cayman) (NYSE:ZTO) was downgraded by equities research analysts at UBS from a “buy” rating to a “neutral” rating in a research note issued on Friday, November 24th, The Fly reports.
A number of other research firms have also issued reports on ZTO. Zacks Investment Research upgraded ZTO Express (Cayman) from a “sell” rating to a “hold” rating in a research report on Tuesday, September 5th. started coverage on ZTO Express (Cayman) in a report on Tuesday, August 8th. They issued a “reduce” rating and a $12.50 price objective on the stock. Macquarie assumed coverage on ZTO Express (Cayman) in a report on Tuesday, September 19th. They issued an “outperform” rating and a $17.30 price objective on the stock. Finally, Daiwa Capital Markets started coverage on ZTO Express (Cayman) in a research note on Thursday, November 2nd. They set a “buy” rating and a $18.50 price target on the stock. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $16.08.
Shares of ZTO Express (NYSE ZTO) opened at $15.61 on Friday. ZTO Express has a 52 week low of $11.14 and a 52 week high of $18.08. The company has a market capitalization of $11,290.00 and a P/E ratio of 29.09.
About ZTO Express (Cayman)
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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