Brokerages Set BEST Inc (BSTI) Target Price at $9.33

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.



BEST (NYSE:BSTI) last posted its quarterly earnings data on Friday, November 9th. The company reported ($0.05) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.02) by ($0.03). The firm had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.05 billion. As a group, research analysts forecast that BEST will post -0.17 earnings per share for the current fiscal year.

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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