Shares of BEST Inc (NYSE:BSTI) have received an average recommendation of “Buy” from the six ratings firms that are presently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is $9.33.
BSTI has been the subject of several research reports. Zacks Investment Research downgraded shares of BEST from a “hold” rating to a “sell” rating in a research note on Tuesday, November 13th. KeyCorp decreased their target price on shares of BEST from $11.00 to $8.00 and set a “buy” rating for the company in a research report on Monday, November 12th.
Shares of NYSE:BSTI traded up $0.34 on Monday, hitting $5.08. 1,169,500 shares of the company were exchanged, compared to its average volume of 680,889. BEST has a 1-year low of $3.77 and a 1-year high of $13.54. The company has a market capitalization of $1.75 billion, a P/E ratio of -4.00, a PEG ratio of 0.86 and a beta of 0.05.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Bank of America Corp DE increased its position in BEST by 28.9% in the second quarter. Bank of America Corp DE now owns 803,036 shares of the company’s stock worth $9,813,000 after buying an additional 179,961 shares during the last quarter. California Public Employees Retirement System grew its position in shares of BEST by 243.5% in the second quarter. California Public Employees Retirement System now owns 217,235 shares of the company’s stock valued at $2,655,000 after purchasing an additional 153,991 shares in the last quarter. Northern Trust Corp grew its position in shares of BEST by 284.8% in the second quarter. Northern Trust Corp now owns 63,209 shares of the company’s stock valued at $773,000 after purchasing an additional 46,783 shares in the last quarter. WIM Asset Management HK Ltd grew its position in shares of BEST by 10.2% in the third quarter. WIM Asset Management HK Ltd now owns 2,092,285 shares of the company’s stock valued at $12,386,000 after purchasing an additional 194,314 shares in the last quarter. Finally, Cambiar Investors LLC grew its position in shares of BEST by 69.6% in the third quarter. Cambiar Investors LLC now owns 63,398 shares of the company’s stock valued at $375,000 after purchasing an additional 26,008 shares in the last quarter. Institutional investors own 16.57% of the company’s stock.
BEST Company Profile
BEST Inc operates as a smart supply chain service provider in the People's Republic of China. Its proprietary technology platform enables its ecosystem participants to operate their businesses through various SaaS-based applications. The company applies its technologies to a range of applications, such as network and route optimization, swap bodies, sorting line automation, smart warehouses, and store management.
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