ZTO Express (Cayman) Inc (ZTO) Coverage Initiated at Goldman Sachs Group Inc.
Investment analysts at Goldman Sachs Group Inc. began coverage on shares of ZTO Express (Cayman) Inc (NYSE:ZTO) in a research note issued to investors on Monday. The firm set a “buy” rating and a $19.00 price target on the stock. Goldman Sachs Group Inc.’s target price would suggest a potential upside of 26.08% from the stock’s previous close.
Separately, Citigroup Inc. assumed coverage on shares of ZTO Express (Cayman) in a research note on Monday. They set a “buy” rating and a $20.00 price objective on the stock.
ZTO Express (NYSE:ZTO) opened at 15.07 on Monday. The company’s 50 day moving average price is $15.47 and its 200 day moving average price is $15.47. The firm has a market capitalization of $9.32 billion and a P/E ratio of 40.73. ZTO Express has a 12 month low of $14.15 and a 12 month high of $18.45.
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