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 BEST in a research report issued to clients and investors on Wednesday. Oppenheimer analyst S. Schneeberger expects that the company will earn $0.02 per share 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 Q4 2018 earnings at $0.05 EPS.
BSTI has been the topic of several other research reports. Credit Suisse Group began coverage on shares of BEST in a research note on Monday, October 16th. They set an “outperform” rating on the stock. Zacks Investment Research lowered shares of BEST from a “hold” rating to a “sell” rating in a research note on Tuesday, January 16th. Stifel Nicolaus began coverage on shares of BEST in a research note on Monday, October 16th. They set a “buy” rating and a $16.00 price objective on the stock. Goldman Sachs Group began coverage on shares of BEST in a research note on Sunday, October 15th. They set a “buy” rating and a $16.60 price objective on the stock. Finally, KeyCorp began coverage on shares of BEST in a research note on Monday, October 16th. They set an “overweight” rating and a $16.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating and eight have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $14.92.
Institutional investors and hedge funds have recently made changes to their positions in the business. Janney Montgomery Scott LLC acquired a new stake in shares of BEST in the third quarter valued at approximately $127,000. Huntington National Bank acquired a new stake in shares of BEST in the fourth quarter valued at approximately $135,000. Finally, Nwam LLC acquired a new stake in shares of BEST in the fourth quarter valued at approximately $226,000. 13.32% of the stock is currently 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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