Analysts Set Expectations for BEST Inc’s Q3 2018 Earnings (BSTI)
BEST Inc (NYSE:BSTI) – Investment analysts at Oppenheimer issued their Q3 2018 EPS estimates for BEST in a research note issued to investors on Wednesday. Oppenheimer analyst S. Schneeberger forecasts that the company will earn $0.02 per share for the quarter. Oppenheimer has a “Outperform” rating and a $13.00 price target on the stock. Oppenheimer also issued estimates for BEST’s Q4 2018 earnings at $0.05 EPS.
A number of other equities research analysts have also recently issued reports on the stock. Goldman Sachs Group initiated coverage on shares of BEST in a report on Sunday, October 15th. They issued a “buy” rating and a $16.60 price objective for the company. Citigroup initiated coverage on shares of BEST in a report on Tuesday, December 5th. They issued an “outperform” rating and a $13.00 price objective for the company. Zacks Investment Research cut shares of BEST from a “hold” rating to a “sell” rating in a report on Friday, December 15th. Credit Suisse Group initiated coverage on shares of BEST in a report on Monday, October 16th. They issued an “outperform” rating for the company. Finally, Deutsche Bank initiated coverage on shares of BEST in a report on Monday, October 16th. They issued a “buy” rating for the company. One investment analyst has rated the stock with a sell rating and eight have issued a buy rating to the company’s stock. BEST has an average rating of “Buy” and an average target price of $14.92.
A number of large investors have recently modified their holdings of the stock. Janney Montgomery Scott LLC bought a new stake in BEST during the third quarter valued at about $127,000. Huntington National Bank bought a new stake in BEST during the fourth quarter valued at about $135,000. Nwam LLC bought a new stake in BEST during the fourth quarter valued at about $226,000. Finally, Wells Fargo & Company MN boosted its holdings in BEST by 25.5% during the fourth quarter. Wells Fargo & Company MN now owns 6,929,506 shares of the company’s stock valued at $62,227,000 after acquiring an additional 1,409,506 shares during the period. Hedge funds and other institutional investors own 13.32% of the company’s stock.
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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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