BEST Inc (BSTI) Given Average Rating of “Buy” by Brokerages
Shares of BEST Inc (NYSE:BSTI) have received an average rating of “Buy” from the nine research firms that are presently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating and eight have assigned a buy rating to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $14.92.
BSTI has been the subject of a number of recent research reports. JPMorgan Chase & Co. initiated coverage on shares of BEST in a report on Tuesday, October 17th. They issued an “overweight” rating for the company. Deutsche Bank initiated coverage on shares of BEST in a report on Monday, October 16th. They issued a “buy” rating for the company. Zacks Investment Research downgraded shares of BEST from a “hold” rating to a “sell” rating in a report on Friday, December 15th. Citigroup initiated coverage on shares of BEST in a report on Tuesday, December 5th. They issued an “outperform” rating and a $13.00 target price for the company. Finally, KeyCorp started coverage on shares of BEST in a report on Monday, October 16th. They issued an “overweight” rating and a $16.00 target price for the company.
A hedge fund recently bought a new stake in BEST stock. Janney Montgomery Scott LLC purchased a new position in shares of BEST Inc (NYSE:BSTI) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 10,600 shares of the company’s stock, valued at approximately $127,000. Hedge funds and other institutional investors own 13.31% of the company’s stock.
BEST (NYSE BSTI) opened at $8.98 on Friday. BEST has a fifty-two week low of $8.72 and a fifty-two week high of $13.25.
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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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