BEST Inc. (NYSE:BEST) Receives Consensus Recommendation of “Strong Buy” from Brokerages

BEST Inc. (NYSE:BEST) has earned an average broker rating score of 1.29 (Strong Buy) from the seven analysts that provide coverage for the company, Zacks Investment Research reports. One research analyst has rated the stock with a hold rating and six have given a strong buy rating to the company. BEST’s rating score has declined by 3.2% in the last 90 days as a result of a number of analysts’ ratings changes.

Brokerages have set a twelve-month consensus price target of $7.61 for the company and are anticipating that the company will post $0.02 earnings per share for the current quarter, according to Zacks. Zacks has also assigned BEST an industry rank of 212 out of 256 based on the ratings given to related companies.

BEST has been the topic of several research reports. Sanford C. Bernstein cut BEST from an “outperform” rating to a “market perform” rating and reduced their price target for the stock from $11.00 to $6.00 in a report on Tuesday, April 23rd. KeyCorp reduced their price target on BEST from $8.00 to $7.00 and set an “overweight” rating on the stock in a report on Wednesday, May 15th. Finally, Zacks Investment Research cut BEST from a “buy” rating to a “hold” rating in a report on Thursday, May 23rd.

Shares of NYSE:BEST traded up $0.04 during midday trading on Friday, hitting $4.84. 27,859 shares of the stock were exchanged, compared to its average volume of 587,312. The firm has a market cap of $1.75 billion, a PE ratio of -22.76, a price-to-earnings-growth ratio of 3.65 and a beta of 1.20. The business’s 50-day simple moving average is $5.13. BEST has a 12 month low of $3.77 and a 12 month high of $9.31.

BEST (NYSE:BEST) last released its quarterly earnings results on Tuesday, May 14th. The company reported ($0.53) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.10) by ($0.43). The firm had revenue of $6.87 billion for the quarter, compared to the consensus estimate of $6.49 billion. BEST had a negative return on equity of 10.65% and a negative net margin of 1.35%. The business’s revenue for the quarter was up 37.4% on a year-over-year basis. During the same quarter last year, the firm posted ($0.84) earnings per share. Sell-side analysts expect that BEST will post 0.03 earnings per share for the current year.

BEST Company Profile

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.

Featured Article: What is a Swap?

Get a free copy of the Zacks research report on BEST (BEST)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for BEST Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BEST and related companies with MarketBeat.com's FREE daily email newsletter.