BEST Inc (NYSE:BSTI) – Stock analysts at Oppenheimer issued their Q1 2018 earnings per share estimates for shares of BEST in a research note issued to investors on Wednesday. Oppenheimer analyst S. Schneeberger expects that the company will post earnings per share of ($0.14) for the quarter. Oppenheimer currently has a “Outperform” rating and a $13.00 target price on the stock. Oppenheimer also issued estimates for BEST’s Q2 2018 earnings at ($0.04) EPS.
Other equities analysts have also issued research reports about the stock. Citigroup assumed coverage on shares of BEST in a research report on Tuesday, December 5th. They set an “outperform” rating and a $13.00 target price for the company. Credit Suisse Group assumed coverage on shares of BEST in a research report on Monday, October 16th. They set an “outperform” rating for the company. Stifel Nicolaus assumed coverage on shares of BEST in a research report on Monday, October 16th. They set a “buy” rating and a $16.00 target price for the company. Zacks Investment Research lowered shares of BEST from a “hold” rating to a “sell” rating in a research report on Tuesday, January 16th. Finally, KeyCorp assumed coverage on shares of BEST in a research report on Monday, October 16th. They set an “overweight” rating and a $16.00 target price for the company. One investment analyst has rated the stock with a sell rating and eight have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $14.92.
A number of institutional investors have recently added to or reduced their stakes in BSTI. Janney Montgomery Scott LLC purchased a new stake in BEST during the third quarter valued at $127,000. Huntington National Bank purchased a new stake in BEST during the fourth quarter valued at $135,000. Nwam LLC purchased a new stake in BEST during the fourth quarter valued at $226,000. Finally, Wells Fargo & Company MN raised its stake in BEST by 25.5% during the fourth quarter. Wells Fargo & Company MN now owns 6,929,506 shares of the company’s stock valued at $62,227,000 after purchasing an additional 1,409,506 shares in the last quarter. 13.32% of the stock is currently owned by institutional investors.
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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.
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