BEST Inc (NYSE:BSTI) – Investment analysts at Oppenheimer issued their Q3 2018 earnings per share (EPS) estimates for BEST in a note issued to investors on Wednesday. Oppenheimer analyst S. Schneeberger expects that the company will post earnings of $0.02 per share for the quarter. Oppenheimer has a “Outperform” rating and a $13.00 price objective on the stock. Oppenheimer also issued estimates for BEST’s Q4 2018 earnings at $0.05 EPS.
Other equities analysts have also issued research reports about the company. Goldman Sachs Group initiated coverage on BEST in a report on Sunday, October 15th. They issued a “buy” rating and a $16.60 target price on the stock. Deutsche Bank initiated coverage on BEST in a report on Monday, October 16th. They issued a “buy” rating on the stock. Stifel Nicolaus initiated coverage on BEST in a report on Monday, October 16th. They issued a “buy” rating and a $16.00 target price on the stock. Citigroup initiated coverage on BEST in a report on Tuesday, December 5th. They issued an “outperform” rating and a $13.00 target price on the stock. Finally, Credit Suisse Group initiated coverage on BEST in a report on Monday, October 16th. They issued an “outperform” rating on the stock. One analyst has rated the stock with a sell rating and eight have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $14.92.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Janney Montgomery Scott LLC acquired a new position in BEST in the third quarter valued at $127,000. Nwam LLC acquired a new position in BEST in the fourth quarter valued at $226,000. Finally, Huntington National Bank acquired a new position in BEST in the fourth quarter valued at $135,000. Institutional investors own 13.32% of the company’s stock.
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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.
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