BEST (NYSE:BEST) Stock Rating Upgraded by Zacks Investment Research

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BEST (NYSE:BEST) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Thursday, Zacks.com reports.

According to Zacks, “BEST Inc. offers logistics and supply chain management solutions. The Company’s service offerings include BEST supply chain management, BEST express, BEST freight, BEST store , BEST global, BEST cargo and BEST Ucargo serves which provide express and freight delivery, inventory management, warehousing, financing, cross-border supply chain, merchandise sourcing, and value-added services. It operates primarily in United States, Germany, Australia, Japan and Canada. BEST Inc. is based in Hangzhou, China. “

Other analysts have also recently issued reports about the stock. Sanford C. Bernstein cut shares of BEST from a “market perform” rating to an “underperform” rating in a research note on Tuesday, August 20th. ValuEngine raised shares of BEST from a “hold” rating to a “buy” rating in a research report on Friday, November 1st.

BEST stock traded up $0.05 during midday trading on Thursday, hitting $5.63. The stock had a trading volume of 2,118,429 shares, compared to its average volume of 1,135,243. The firm has a market cap of $2.17 billion, a PE ratio of -26.81 and a beta of 1.32. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.85 and a quick ratio of 0.83. BEST has a 12-month low of $3.77 and a 12-month high of $6.86. The company’s 50-day moving average price is $5.30 and its 200 day moving average price is $5.07.

BEST (NYSE:BEST) last released its earnings results on Wednesday, November 13th. The company reported $0.01 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.01) by $0.02. BEST had a negative net margin of 1.04% and a negative return on equity of 8.34%. The firm had revenue of $8.75 billion during the quarter, compared to analysts’ expectations of $9.14 billion. BEST’s revenue was up 21.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that BEST will post -0.06 EPS for the current year.

A number of hedge funds have recently modified their holdings of the business. Creative Planning acquired a new stake in shares of BEST in the 3rd quarter valued at about $2,640,000. DNB Asset Management AS acquired a new stake in shares of BEST in the 3rd quarter valued at about $2,934,000. TimesSquare Capital Management LLC acquired a new stake in shares of BEST in the 3rd quarter valued at about $28,841,000. Baltimore Washington Financial Advisors Inc. acquired a new stake in shares of BEST in the 3rd quarter valued at about $1,130,000. Finally, Calamos Advisors LLC acquired a new stake in shares of BEST in the 3rd quarter valued at about $1,196,000. Hedge funds and other institutional investors own 19.73% of the company’s stock.

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.

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