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.
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.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for BEST Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BEST and related companies with MarketBeat.com's FREE daily email newsletter.