BEST Inc (NYSE:BSTI) – Equities researchers at Oppenheimer lowered their Q1 2018 EPS estimates for BEST in a report issued on Monday, Zacks Investment Research reports. Oppenheimer analyst S. Schneeberger now forecasts that the company will earn ($0.16) per share for the quarter, down from their prior estimate of ($0.14). Oppenheimer has a “Outperform” rating and a $13.00 price objective on the stock. Oppenheimer also issued estimates for BEST’s Q2 2018 earnings at ($0.03) EPS and FY2018 earnings at ($0.09) EPS.
Several other equities analysts have also weighed in on BSTI. Citigroup initiated coverage on shares of BEST in a research report on Tuesday, December 5th. They set an “outperform” rating and a $13.00 price objective on the stock. Zacks Investment Research lowered shares of BEST from a “hold” rating to a “sell” rating in a research report on Friday, December 15th. Finally, KeyCorp set a $14.00 price objective on shares of BEST and gave the company a “buy” rating in a research report on Wednesday, February 21st. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. BEST presently has a consensus rating of “Buy” and a consensus target price of $14.52.
Shares of BEST (BSTI) traded down $0.29 on Wednesday, reaching $10.13. 951,920 shares of the company traded hands, compared to its average volume of 827,062. The company has a market capitalization of $3,810.00 and a price-to-earnings ratio of -19.55. BEST has a 52-week low of $8.08 and a 52-week high of $13.25.
Several large investors have recently added to or reduced their stakes in the company. Wells Fargo & Company MN raised its position in shares of BEST by 25.5% in 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 during the period. NWI Management LP raised its position in shares of BEST by 13.7% in the fourth quarter. NWI Management LP now owns 1,136,602 shares of the company’s stock valued at $10,207,000 after purchasing an additional 136,602 shares during the period. Goldman Sachs Group Inc. bought a new position in shares of BEST in the fourth quarter valued at approximately $2,047,000. Stansberry Asset Management LLC bought a new position in shares of BEST in the fourth quarter valued at approximately $1,940,000. Finally, Tiger Pacific Capital LP bought a new position in shares of BEST in the fourth quarter valued at approximately $1,315,000. 10.98% of the stock is currently owned by institutional investors.
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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