BEST Inc (NYSE:BSTI) – Investment analysts at Oppenheimer issued their FY2020 earnings per share (EPS) estimates for BEST in a research note issued on Monday, August 13th. Oppenheimer analyst S. Schneeberger expects that the company will post earnings of $0.74 per share for the year.
A number of other analysts also recently issued reports on the company. JPMorgan Chase & Co. cut their price objective on BEST from $14.80 to $12.00 and set an “overweight” rating for the company in a research report on Friday, August 10th. KeyCorp dropped their target price on BEST from $13.00 to $11.00 and set a “buy” rating for the company in a research report on Thursday, August 9th. Zacks Investment Research downgraded BEST from a “hold” rating to a “sell” rating in a research report on Friday, July 20th. Macquarie downgraded BEST from an “outperform” rating to a “neutral” rating in a research report on Wednesday, June 13th. Finally, Citigroup raised BEST from a “neutral” rating to a “buy” rating in a research report on Saturday, June 2nd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $13.60.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Profund Advisors LLC acquired a new position in BEST in the 1st quarter valued at about $103,000. Cubist Systematic Strategies LLC acquired a new position in BEST in the 1st quarter valued at about $110,000. Dynamic Technology Lab Private Ltd acquired a new position in BEST in the 1st quarter valued at about $115,000. NumerixS Investment Technologies Inc acquired a new position in BEST in the 2nd quarter valued at about $159,000. Finally, Two Sigma Investments LP acquired a new position in BEST in the 4th quarter valued at about $166,000. 13.93% of the stock is owned by institutional investors.
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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