Zto Express Inc (ZTO) Research Coverage Started at Daiwa Capital Markets

Daiwa Capital Markets started coverage on shares of Zto Express Inc (NYSE:ZTO) in a research note published on Thursday, November 2nd. The firm issued a buy rating and a $18.50 target price on the transportation company’s stock.

Several other analysts also recently commented on the stock. UBS AG initiated coverage on shares of Zto Express in a report on Tuesday, July 11th. They issued a buy rating on the stock. Zacks Investment Research raised shares of Zto Express from a sell rating to a hold rating in a report on Tuesday, September 5th. Macquarie assumed coverage on shares of Zto Express in a report on Tuesday, September 19th. They set an outperform rating and a $17.30 price target on the stock. Finally, assumed coverage on shares of Zto Express in a report on Tuesday, August 8th. They set a reduce rating and a $12.50 price objective on the stock. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and eight have assigned a buy rating to the company’s stock. Zto Express presently has a consensus rating of Buy and an average price target of $17.79.

Zto Express (NYSE ZTO) traded up $0.04 during midday trading on Thursday, hitting $17.04. 3,663,844 shares of the company traded hands, compared to its average volume of 2,459,790. 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 $12,170.00 and a price-to-earnings ratio of 32.37.

Zto Express (NYSE:ZTO) last issued its quarterly earnings results on Tuesday, August 22nd. The transportation company reported $0.15 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.14 by $0.01. The business had revenue of $2.97 billion for the quarter, compared to analyst estimates of $3.02 billion. Zto Express had a net margin of 22.54% and a return on equity of 14.83%. The company’s revenue was up 29.9% compared to the same quarter last year. analysts expect that Zto Express will post 0.62 EPS for the current fiscal year.

ILLEGAL ACTIVITY WARNING: “Zto Express Inc (ZTO) Research Coverage Started at Daiwa Capital Markets” was posted by BBNS and is the sole property of of BBNS. If you are viewing this news story on another domain, it was copied illegally and reposted in violation of US and international copyright legislation. The original version of this news story can be viewed at https://baseballnewssource.com/markets/zto-express-inc-zto-coverage-initiated-at-daiwa-capital-markets/1750776.html.

Several institutional investors have recently made changes to their positions in ZTO. Wells Fargo & Company MN boosted its position in shares of Zto Express by 68.1% during the 1st quarter. Wells Fargo & Company MN now owns 12,292 shares of the transportation company’s stock worth $160,000 after purchasing an additional 4,979 shares in the last quarter. Parametric Portfolio Associates LLC purchased a new stake in shares of Zto Express in the 1st quarter worth about $366,000. Teachers Advisors LLC purchased a new stake in shares of Zto Express in the 1st quarter worth about $10,870,000. UBS Group AG boosted its position in shares of Zto Express by 4,065.1% in the 1st quarter. UBS Group AG now owns 136,365 shares of the transportation company’s stock worth $1,785,000 after buying an additional 133,091 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. purchased a new position in Zto Express in the 1st quarter valued at about $212,000. 25.21% of the stock is currently owned by institutional investors and hedge funds.

About Zto Express

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.

Analyst Recommendations for Zto Express (NYSE:ZTO)

Receive News & Ratings for Zto Express Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Zto Express Inc and related companies with our FREE daily email newsletter.

 


Latest News

Jack Morris, Alan Trammel Voted by Modern Era Committee into Hall of Fame
Jack Morris, Alan Trammel Voted by Modern Era Committee into Hall of Fame
Yankees and Marlins Continue Stanton Trade Talks
Yankees and Marlins Continue Stanton Trade Talks
Marlins Making Moves, Trade Dee Gordon to Seattle
Marlins Making Moves, Trade Dee Gordon to Seattle
Report: Astros Dallas Keuchel Pitched With Injured Foot
Report: Astros Dallas Keuchel Pitched With Injured Foot
Angels Sign Former Prospect with Braves Kevin Maitan
Angels Sign Former Prospect with Braves Kevin Maitan
Shohei Ohtani Has Turned Down Red Sox and Yankees
Shohei Ohtani Has Turned Down Red Sox and Yankees


Leave a Reply

 
© 2006-2017 BBNS.