Zacks: Wuhan General Group (China) (NASDAQ:BEST) Given $7.61 Average Price Target by Analysts

Wuhan General Group (China) (NASDAQ:BEST) has been assigned an average broker rating score of 1.29 (Strong Buy) from the seven analysts that cover the company, Zacks Investment Research reports. One investment analyst has rated the stock with a hold rating and six have issued a strong buy rating on the company. Wuhan General Group’s rating score has declined by 29% in the last three months as a result of a number of analysts’ ratings changes.

Brokers have set a 1 year consensus target price of $7.61 for the company and are anticipating that the company will post $0.02 EPS for the current quarter, according to Zacks. Zacks has also assigned Wuhan General Group an industry rank of 155 out of 256 based on the ratings given to its competitors.

Several brokerages recently commented on BEST. KeyCorp upped their price target on shares of Steris from $135.00 to $138.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 15th. Zacks Investment Research raised shares of Investors Real Estate Trust Reit from a “sell” rating to a “hold” rating in a research report on Thursday, May 23rd. Finally, Sanford C. Bernstein lowered shares of Wuhan General Group from an “outperform” rating to a “market perform” rating and dropped their price target for the stock from $11.00 to $6.00 in a research report on Tuesday, April 23rd.

BEST stock traded down $0.08 on Friday, hitting $5.21. 727,922 shares of the company were exchanged, compared to its average volume of 1,005,817. Wuhan General Group has a twelve month low of $3.77 and a twelve month high of $11.02. The company has a fifty day simple moving average of $4.91.

Wuhan General Group (NASDAQ:BEST) last issued its quarterly earnings results on Tuesday, May 14th. The company reported ($0.53) EPS for the quarter, missing the consensus estimate of ($0.10) by ($0.43). The company had revenue of $6.87 billion for the quarter, compared to analysts’ expectations of $6.49 billion. During the same period last year, the business earned ($0.84) earnings per share. The business’s revenue was up 37.4% compared to the same quarter last year.

Wuhan General Group Company Profile

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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