Research Analysts Set Expectations for BEST Inc’s Q3 2018 Earnings (BSTI)

BEST Inc (NYSE:BSTI) – Equities research analysts at Oppenheimer issued their Q3 2018 EPS estimates for shares of BEST in a report issued on Wednesday, Zacks Investment Research reports. Oppenheimer analyst S. Schneeberger forecasts that the company will post earnings of $0.02 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 Q4 2018 earnings at $0.05 EPS.

A number of other brokerages have also recently issued reports on BSTI. Zacks Investment Research cut 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 set an “outperform” rating and a $13.00 price objective for the company. One investment analyst has rated the stock with a sell rating and eight have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $14.92.

BEST (BSTI) traded up $0.30 during trading hours on Thursday, reaching $9.65. 662,079 shares of the company’s stock were exchanged, compared to its average volume of 669,571. BEST has a 1-year low of $8.08 and a 1-year high of $13.25.

Several hedge funds and other institutional investors have recently modified their holdings of BSTI. Janney Montgomery Scott LLC acquired a new position in shares of BEST during the third quarter valued at about $127,000. Huntington National Bank acquired a new position in shares of BEST during the fourth quarter valued at about $135,000. Nwam LLC acquired a new position in shares of BEST during the fourth quarter valued at about $226,000. Wells Fargo & Company MN grew its holdings in shares of 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 buying an additional 1,409,506 shares during the last quarter. Finally, Tiger Pacific Capital LP acquired a new position in shares of BEST during the fourth quarter valued at about $1,315,000. Hedge funds and other institutional investors own 13.33% of the company’s stock.

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About BEST

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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