Noteworthy Rating Filing: Is ZTO Express (C (ZTO) Worth Your Time? JP Morgan Thinks So

November 23, 2016 - By Peter Erickson

Noteworthy Rating Filing: Is ZTO Express (C (ZTO) Worth Your Time? JP Morgan Thinks So

Why JP Morgan Gives ZTO Express (C (ZTO) $19.00 Price Target

The broker JP Morgan has has started coverage on ZTO Express (C (ZTO)‘s stock, rating it a Overweight while setting the price target at $19.00.

ZTO Express (Cayman) Inc (ADR) (NYSE:ZTO) Ratings Coverage

Out of 2 analysts covering ZTO Express (ZTO), 2 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. ZTO Express has been the topic of 2 analyst reports since November 21, 2016 according to StockzIntelligence Inc. The rating was initiated by Morgan Stanley with “Overweight” on Monday, November 21. The firm has “Buy” rating given on Monday, November 21 by Goldman Sachs.

About 1.51 million shares traded hands. ZTO Express (Cayman) Inc (ADR) (ZTO) has risen 6.00% since October 24, 2016 and is uptrending. It has outperformed by 0.67% the S&P500.

ZTO Express Inc. is an express delivery firm in China. The company has a market cap of $10.56 billion. The Firm provides express delivery service through its nationwide network, as well as other value-added logistics services. It currently has negative earnings. The Firm provides its services for a range of online merchants and clients transacting on the Chinese e-commerce platforms, such as Alibaba and JD.com.

According to Zacks Investment Research, “ZTO Express Inc. is an express delivery company. It provides express delivery service through its nationwide network as well as other value-added logistics services. The Company offers route planning and optimization, waybill tracking system and transportation management system. ZTO Express Inc. is based in Shanghai, China.”

ZTO Company Profile

ZTO Express (Cayman) Inc. is an express delivery firm in China. The Firm provides express delivery service through its nationwide network, as well as other value-added logistics services. The Firm provides its services for a range of online merchants and clients transacting on the Chinese e-commerce platforms, such as Alibaba and JD.com.

More recent ZTO Express (Cayman) Inc (ADR) (NYSE:ZTO) news were published by: Marketwatch.com which released: “ZTO Express (Cayman) Inc. ADR” on October 06, 2016. Also Quotes.Wsj.com published the news titled: “DOW JONES, A NEWS CORP COMPANY” on October 25, 2016. Benzinga.com‘s news article titled: “Benzinga’s Top Initiations” with publication date: November 23, 2016 was also an interesting one.

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