Zacks Investment Research Upgrades BEST (NYSE:BEST) to “Hold”

Zacks Investment Research upgraded shares of BEST (NYSE:BEST) from a sell rating to a hold rating in a report published on Thursday, Zacks.com reports.

According to Zacks, “BEST Inc. offers logistics and supply chain management solutions. The Company’s service offerings include BEST supply chain management, BEST express, BEST freight, BEST store , BEST global, BEST cargo and BEST Ucargo serves which provide express and freight delivery, inventory management, warehousing, financing, cross-border supply chain, merchandise sourcing, and value-added services. It operates primarily in United States, Germany, Australia, Japan and Canada. BEST Inc. is based in Hangzhou, China. “

A number of other equities research analysts also recently issued reports on BEST. Sanford C. Bernstein downgraded shares of BEST from a market perform rating to an underperform rating in a research note on Tuesday, August 20th. ValuEngine upgraded shares of BEST from a hold rating to a buy rating in a research note on Friday, November 1st.

Shares of BEST stock traded up $0.21 on Thursday, hitting $5.84. The company’s stock had a trading volume of 1,546,500 shares, compared to its average volume of 1,661,312. The company has a current ratio of 0.95, a quick ratio of 0.83 and a debt-to-equity ratio of 0.36. The stock’s 50 day moving average is $5.32 and its 200-day moving average is $5.07. BEST has a fifty-two week low of $3.77 and a fifty-two week high of $6.86.

BEST (NYSE:BEST) last announced its quarterly earnings data on Wednesday, November 13th. The company reported $0.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.02. The firm had revenue of $8.75 billion for the quarter, compared to the consensus estimate of $9.14 billion. BEST had a negative net margin of 0.86% and a negative return on equity of 4.83%. The firm’s revenue was up 21.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that BEST will post -0.06 earnings per share for the current year.

Institutional investors have recently made changes to their positions in the business. Comerica Bank acquired a new stake in BEST during the third quarter worth about $65,000. Commonwealth Equity Services LLC acquired a new stake in shares of BEST in the 3rd quarter valued at approximately $104,000. TradeLink Capital LLC acquired a new stake in shares of BEST in the 3rd quarter valued at approximately $121,000. Nwam LLC acquired a new stake in shares of BEST in the 3rd quarter valued at approximately $211,000. Finally, Segantii Capital Management Ltd acquired a new stake in shares of BEST in the 3rd quarter valued at approximately $316,000. Hedge funds and other institutional investors own 19.73% of the company’s stock.

BEST 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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