Shares of BEST Inc (NYSE:BSTI) have been given an average rating of “Buy” by the nine research firms that are covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation and eight have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $14.92.
A number of analysts have recently issued reports on the stock. Zacks Investment Research cut shares of BEST from a “hold” rating to a “sell” rating in a research note on Tuesday, January 16th. Oppenheimer assumed coverage on shares of BEST in a research note on Tuesday, December 5th. They set an “outperform” rating and a $13.00 target price for the company. Citigroup began coverage on shares of BEST in a research note on Tuesday, December 5th. They set an “outperform” rating and a $13.00 target price for the company. JPMorgan Chase & Co. began coverage on shares of BEST in a research note on Tuesday, October 17th. They issued an “overweight” rating for the company. Finally, Deutsche Bank began coverage on shares of BEST in a research note on Monday, October 16th. They issued a “buy” rating for the company.
An institutional investor recently bought a new position in BEST stock. Janney Montgomery Scott LLC acquired a new position in BEST Inc (NYSE:BSTI) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 10,600 shares of the company’s stock, valued at approximately $127,000. 13.32% of the stock is currently owned by institutional investors and hedge funds.
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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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