Shares of BEST Inc. (NYSE:BEST) have received an average broker rating score of 1.33 (Strong Buy) from the six brokers that provide coverage for the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold recommendation and five have given a strong buy recommendation to the company. BEST’s rating score has declined by 6.4% from 90 days ago as a result of various analysts’ ratings changes.
Brokers have set a 1 year consensus price target of $7.33 for the company and are expecting that the company will post $0.02 earnings per share for the current quarter, according to Zacks. Zacks has also given BEST an industry rank of 199 out of 256 based on the ratings given to related companies.
A number of analysts have recently weighed in on the company. Zacks Investment Research cut BEST from a “buy” rating to a “hold” rating in a research report on Thursday, May 23rd. Sanford C. Bernstein lowered BEST from an “outperform” rating to a “market perform” rating and decreased their price objective for the stock from $11.00 to $6.00 in a report on Tuesday, April 23rd. Finally, KeyCorp decreased their price objective on BEST from $8.00 to $7.00 and set an “overweight” rating for the company in a report on Wednesday, May 15th.
Shares of BEST stock traded down $0.03 on Friday, reaching $4.88. 900 shares of the company were exchanged, compared to its average volume of 564,278. The stock has a 50-day moving average price of $5.13. The stock has a market capitalization of $1.81 billion, a price-to-earnings ratio of -23.38, a price-to-earnings-growth ratio of 3.85 and a beta of 1.20. BEST has a 1-year low of $3.77 and a 1-year high of $9.02.
BEST (NYSE:BEST) last announced its quarterly earnings results on Tuesday, May 14th. The company reported ($0.53) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.43). The company had revenue of $6.87 billion for the quarter, compared to analyst estimates of $6.49 billion. BEST had a negative return on equity of 10.65% and a negative net margin of 1.35%. The firm’s revenue for the quarter was up 37.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.84) earnings per share. Equities analysts forecast that BEST will post 0.03 earnings per share for the current year.
BEST Inc operates as a smart supply chain service provider in the People's Republic of China. Its proprietary technology platform enables its ecosystem participants to operate their businesses through various SaaS-based applications. The company applies its technologies to a range of applications, such as network and route optimization, swap bodies, sorting line automation, smart warehouses, and store management.
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