Wuhan General Group (BEST) PT Lowered to $7.00

Wuhan General Group (NASDAQ:BEST) had its price objective cut by KeyCorp from $8.00 to $7.00 in a research report released on Wednesday morning, BenzingaRatingsTable reports. The brokerage currently has an overweight rating on the stock.

A number of other brokerages also recently weighed in on BEST. Sanford C. Bernstein downgraded shares of Wuhan General Group from an outperform rating to a market perform rating and lowered their price objective for the company from $11.00 to $6.00 in a research report on Tuesday, April 23rd. Zacks Investment Research raised shares of Wuhan General Group from a sell rating to a hold rating in a research note on Tuesday, March 5th.

Shares of NASDAQ:BEST opened at $4.40 on Wednesday. Wuhan General Group has a fifty-two week low of $3.77 and a fifty-two week high of $13.54.

Wuhan General Group (NASDAQ:BEST) last announced its quarterly earnings data on Tuesday, May 14th. The company reported ($0.53) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.43). The company had revenue of $6.87 billion for the quarter, compared to analyst estimates of $6.49 billion. During the same period in the previous year, the company posted ($0.84) earnings per share. The firm’s revenue was up 37.4% on a year-over-year basis.

About Wuhan General Group

BEST Inc operates as a smart supply chain service provider in the People's Republic of China. Its proprietary technology platform enables its ecosystem participants to operate their businesses through various SaaS-based applications. The company applies its technologies to a range of applications, such as network and route optimization, swap bodies, sorting line automation, smart warehouses, and store management.

Read More: Price to Earnings Ratio (PE)

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