BEST Inc Expected to Earn Q1 2018 Earnings of ($0.14) Per Share (NYSE:BSTI)

BEST Inc (NYSE:BSTI) – Equities research analysts at Oppenheimer issued their Q1 2018 earnings per share (EPS) estimates for shares of BEST in a note issued to investors on Wednesday, according to Zacks Investment Research. Oppenheimer analyst S. Schneeberger expects that the company will earn ($0.14) per share for the quarter. Oppenheimer has a “Outperform” rating and a $13.00 price objective on the stock. Oppenheimer also issued estimates for BEST’s Q2 2018 earnings at ($0.04) EPS.

Several other equities research analysts also recently weighed in on the company. Citigroup started coverage on BEST in a report on Tuesday, December 5th. They set an “outperform” rating and a $13.00 price target for the company. Zacks Investment Research downgraded BEST from a “hold” rating to a “sell” rating in a report on Tuesday, January 16th. One investment analyst has rated the stock with a sell rating and eight have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $14.92.

Shares of BEST (BSTI) opened at $9.65 on Friday. BEST has a fifty-two week low of $8.08 and a fifty-two week high of $13.25.

A number of large investors have recently added to or reduced their stakes in the business. Janney Montgomery Scott LLC purchased a new position in BEST in the third quarter worth $127,000. Huntington National Bank purchased a new position in BEST in the fourth quarter worth $135,000. Two Sigma Investments LP purchased a new position in BEST in the fourth quarter worth $166,000. Nwam LLC purchased a new position in BEST in the fourth quarter worth $226,000. Finally, Ellington Management Group LLC purchased a new position in BEST in the fourth quarter worth $280,000. Hedge funds and other institutional investors own 13.33% 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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