BEST Inc (BSTI) Expected to Post Q1 2018 Earnings of ($0.14) Per Share
BEST Inc (NYSE:BSTI) – Research analysts at Oppenheimer issued their Q1 2018 EPS estimates for shares of BEST in a research note issued on Wednesday. Oppenheimer analyst S. Schneeberger anticipates that the company will post earnings per share of ($0.14) for the quarter. Oppenheimer currently has a “Outperform” rating and a $13.00 target price on the stock. Oppenheimer also issued estimates for BEST’s Q2 2018 earnings at ($0.04) EPS.
Several other research analysts also recently weighed in on the stock. Goldman Sachs Group initiated coverage on shares of BEST in a research report on Sunday, October 15th. They issued a “buy” rating and a $16.60 target price on the stock. Citigroup initiated coverage on shares of BEST in a research report on Tuesday, December 5th. They issued an “outperform” rating and a $13.00 target price on the stock. Zacks Investment Research downgraded shares of BEST from a “hold” rating to a “sell” rating in a research report on Friday, December 15th. Credit Suisse Group initiated coverage on shares of BEST in a research report on Monday, October 16th. They issued an “outperform” rating on the stock. Finally, Deutsche Bank initiated coverage on shares of BEST in a research report on Monday, October 16th. They issued a “buy” rating on the stock. One equities research analyst has rated the stock with a sell rating and eight have issued a buy rating to the company. BEST presently has a consensus rating of “Buy” and an average target price of $14.92.
Several institutional investors have recently added to or reduced their stakes in the company. Wells Fargo & Company MN increased its position in shares of BEST by 25.5% in the fourth quarter. Wells Fargo & Company MN now owns 6,929,506 shares of the company’s stock worth $62,227,000 after acquiring an additional 1,409,506 shares in the last quarter. Nwam LLC purchased a new position in shares of BEST in the fourth quarter worth approximately $226,000. Huntington National Bank purchased a new position in shares of BEST in the fourth quarter worth approximately $135,000. Finally, Janney Montgomery Scott LLC purchased a new position in shares of BEST in the third quarter worth approximately $127,000. 13.32% of the stock is currently owned by institutional investors and hedge funds.
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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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