Trade Report: Today, ZTO Express (Cayman) Inc (ZTO) Now Covered by JPMorgan Chase & Co.

Today, ZTO Express (Cayman) Inc (ZTO) Now Covered by JPMorgan Chase & Co.

Investment analysts at JPMorgan Chase & Co. initiated coverage on shares of ZTO Express (Cayman) Inc (NYSE:ZTO) in a research report issued on Wednesday. The firm set an “overweight” rating and a $19.00 price target on the stock. JPMorgan Chase & Co.’s price objective suggests a potential upside of 24.02% from the stock’s current price.

Several other equities analysts have also weighed in on ZTO. Citigroup Inc. started coverage on shares of ZTO Express (Cayman) in a report on Monday. They issued a “buy” rating and a $20.00 price objective on the stock. Goldman Sachs Group Inc. initiated coverage on shares of ZTO Express (Cayman) in a report on Monday. They issued a “buy” rating and a $19.00 target price on the stock. Finally, Morgan Stanley initiated coverage on shares of ZTO Express (Cayman) in a report on Monday. They issued an “overweight” rating and a $20.00 target price on the stock.

Shares of ZTO Express (NYSE:ZTO) opened at 15.32 on Wednesday. The firm has a market cap of $9.47 billion and a price-to-earnings ratio of 41.41. ZTO Express has a 1-year low of $14.15 and a 1-year high of $18.45. The company has a 50 day moving average of $15.46 and a 200 day moving average of $15.46.

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