Shares of BEST Inc (NYSE:BSTI) have been given an average recommendation of “Buy” by the nine brokerages that are currently covering the firm, MarketBeat reports. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $14.52.
BSTI has been the subject of a number of research reports. Zacks Investment Research raised BEST from a “sell” rating to a “hold” rating in a research note on Tuesday, March 6th. Oppenheimer initiated coverage on BEST in a research note on Tuesday, December 5th. They set an “outperform” rating and a $13.00 price target for the company. Citigroup initiated coverage on BEST in a research note on Tuesday, December 5th. They set an “outperform” rating and a $13.00 price target for the company. Finally, KeyCorp set a $14.00 price target on BEST and gave the company a “buy” rating in a research note on Wednesday, February 21st.
Shares of BEST stock traded down $0.27 during mid-day trading on Friday, reaching $9.87. The company had a trading volume of 446,245 shares, compared to its average volume of 857,922. BEST has a 1-year low of $8.08 and a 1-year high of $13.25.
Several large investors have recently made changes to their positions in the company. Two Sigma Investments LP acquired a new stake in shares of BEST during the 4th quarter valued at $166,000. Ellington Management Group LLC purchased a new stake in shares of BEST in the fourth quarter valued at $280,000. Goldman Sachs Group Inc. purchased a new stake in shares of BEST in the fourth quarter valued at $2,047,000. Deutsche Bank AG purchased a new stake in shares of BEST in the fourth quarter valued at $651,000. Finally, NWI Management LP lifted its holdings 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 in the last quarter. Institutional investors own 10.98% 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.
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