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ZTO Express Inc. (ZTO) provides express delivery and other value-added logistics services in China.
It offers delivery services for e-commerce merchants, traditional merchants, and other express service users, as well as through business partners.
As of December 31, 2016, the company operated a fleet of approximately 2,900 self-owned trucks. ZTO provides express delivery service as well as other value-added logistics services through its extensive and reliable nationwide network in China covering over 96% of China’s cities and counties.
The Company leverages its network partners to provide pickup and last-mile delivery services, while controlling the mission-critical line-haul transportation and sorting network within the express delivery service value chain. The network partner model is developed to reach and serve the Chinese e-commerce industry’s fragmented and geographically dispersed merchant and consumer base and seasonal demand.
Shares have formed a bullish "flag" and higher share prices are expected for this stock. The bullish pattern was formed following company's solid earnings report.
52-Weeks Trading Range: $12.84 - $21.70
Entry Point: $21.75
Stop Loss: $20.50
Target Price: $23.92
ZTO closed at $16.50
