Equities research analysts at Oppenheimer began coverage on shares of BEST (NYSE:BSTI) in a report issued on Tuesday. The brokerage set an “outperform” rating and a $13.00 price target on the stock. Oppenheimer’s price target points to a potential upside of 38.00% from the company’s previous close.

BSTI has been the topic of several other reports. Citigroup started coverage on BEST in a research note on Tuesday. They set an “outperform” rating and a $13.00 price objective on the stock. Stifel Nicolaus started coverage on BEST in a report on Monday, October 16th. They set a “buy” rating and a $16.00 price target on the stock. J P Morgan Chase & Co initiated coverage on BEST in a report on Tuesday, October 17th. They set an “overweight” rating on the stock. KeyCorp initiated coverage on BEST in a report on Monday, October 16th. They set an “overweight” rating and a $16.00 target price on the stock. Finally, Deutsche Bank started coverage on BEST in a report on Monday, October 16th. They set a “buy” rating on the stock. Eight investment analysts have rated the stock with a buy rating, BEST currently has a consensus rating of “Buy” and an average price target of $14.92.

BEST (BSTI) traded down $0.23 during trading on Tuesday, hitting $9.42. The stock had a trading volume of 954,000 shares, compared to its average volume of 1,835,498. BEST has a 12 month low of $9.23 and a 12 month high of $13.25.

An institutional investor recently bought a new position in BEST stock. Janney Montgomery Scott LLC purchased a new stake in shares of BEST Inc (NYSE:BSTI) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 10,600 shares of the company’s stock, valued at approximately $127,000. Hedge funds and other institutional investors own 13.31% of the company’s stock.

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BEST Company Profile

BEST Inc is engaged in providing supply chain solutions. The Company offers a cloud based platform, BEST Cloud which is integration of online and offline retail to offer delivery. It provides technology-enabled solutions to its users. The Company’s service offerings include BEST supply chain management, BEST express, BEST freight, BEST store+, BEST global, BEST cargo and BEST Ucargo.

Analyst Recommendations for BEST (NYSE:BSTI)

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