BEST (NYSE:BSTI) received a $14.00 price target from analysts at KeyCorp in a research report issued to clients and investors on Wednesday. The brokerage presently has a “buy” rating on the stock. KeyCorp’s target price suggests a potential upside of 50.54% from the stock’s current price.
Several other research analysts have also recently weighed in on the company. Citigroup started coverage on BEST in a research report on Tuesday, December 5th. They set an “outperform” rating and a $13.00 price objective for the company. Zacks Investment Research cut BEST from a “hold” rating to a “sell” rating in a research report on Tuesday, January 16th. Finally, Oppenheimer initiated coverage on BEST in a research report on Tuesday, December 5th. They set an “outperform” rating and a $13.00 price target for the company. One research 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 price target of $14.52.
BEST (BSTI) traded up $0.10 during mid-day trading on Wednesday, hitting $9.30. The stock had a trading volume of 69,967 shares, compared to its average volume of 693,059. BEST has a 52 week low of $8.08 and a 52 week high of $13.25.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Two Sigma Investments LP acquired a new position in BEST during the fourth quarter valued at approximately $166,000. Ellington Management Group LLC acquired a new position in BEST during the fourth quarter valued at approximately $280,000. Goldman Sachs Group Inc. acquired a new position in BEST during the fourth quarter valued at approximately $2,047,000. Deutsche Bank AG acquired a new position in BEST during the fourth quarter valued at approximately $651,000. Finally, NWI Management LP boosted its position in BEST by 13.7% during the fourth quarter. NWI Management LP now owns 1,136,602 shares of the company’s stock valued at $10,207,000 after purchasing an additional 136,602 shares during the last quarter. 11.27% of the stock is owned by hedge funds and other institutional investors.
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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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