JPMorgan Chase & Co. initiated coverage on shares of ZTO Express (Cayman) Inc (NYSE:ZTO) in a report issued on Wednesday morning. The brokerage issued an overweight rating and a $19.00 target price on the stock.

Several other research firms have also recently issued reports on ZTO. Morgan Stanley initiated coverage on shares of ZTO Express (Cayman) in a report on Monday, November 21st. They set an overweight rating and a $20.00 price target for the company. Goldman Sachs Group Inc. initiated coverage on shares of ZTO Express (Cayman) in a report on Monday, November 21st. They set a buy rating and a $19.00 price target for the company. Finally, Citigroup Inc. initiated coverage on shares of ZTO Express (Cayman) in a report on Monday, November 21st. They set a buy rating and a $20.00 price target for the company.

Shares of ZTO Express (NYSE:ZTO) opened at 15.81 on Wednesday. The stock has a market cap of $9.78 billion and a price-to-earnings ratio of 43.43. ZTO Express has a 52-week low of $14.15 and a 52-week high of $18.45. The stock’s 50 day moving average is $15.49 and its 200 day moving average is $15.49.

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5 Day Chart for NYSE:ZTO

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