BEST Inc. (NYSE:BEST) – Stock analysts at Jefferies Financial Group issued their FY2019 earnings per share estimates for BEST in a research note issued to investors on Wednesday, December 4th, according to Zacks Investment Research. Jefferies Financial Group analyst T. Chong expects that the company will post earnings per share of ($0.06) for the year. Jefferies Financial Group currently has a “Buy” rating and a $7.40 target price on the stock. Jefferies Financial Group also issued estimates for BEST’s FY2020 earnings at $0.05 EPS.
A number of other analysts also recently commented on the stock. ValuEngine lowered shares of BEST from a “buy” rating to a “hold” rating in a research note on Wednesday, November 27th. Zacks Investment Research upgraded shares of BEST from a “sell” rating to a “hold” rating in a research note on Thursday, November 14th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $6.29.
BEST stock traded up $0.01 during trading on Monday, hitting $5.43. The company had a trading volume of 2,352,600 shares, compared to its average volume of 1,262,439. BEST has a fifty-two week low of $3.77 and a fifty-two week high of $6.86. The firm has a market capitalization of $2.00 billion, a price-to-earnings ratio of -25.86 and a beta of 1.34. The business has a 50 day moving average of $5.67 and a 200 day moving average of $5.18. The company has a current ratio of 0.95, a quick ratio of 0.93 and a debt-to-equity ratio of 0.36.
BEST (NYSE:BEST) last announced its quarterly earnings results on Wednesday, November 13th. The company reported $0.01 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.01) by $0.02. BEST had a negative return on equity of 4.83% and a negative net margin of 0.86%. The company had revenue of $8.75 billion during the quarter, compared to analyst estimates of $9.14 billion. The company’s revenue for the quarter was up 21.6% compared to the same quarter last year.
Several institutional investors and hedge funds have recently bought and sold shares of BEST. TimesSquare Capital Management LLC bought a new stake in BEST in the third quarter worth about $28,841,000. Millennium Management LLC bought a new position in shares of BEST during the 3rd quarter valued at about $5,842,000. SG Americas Securities LLC bought a new position in shares of BEST during the 3rd quarter valued at about $5,245,000. DNB Asset Management AS acquired a new position in shares of BEST in the 3rd quarter worth approximately $2,934,000. Finally, Creative Planning acquired a new position in shares of BEST in the 3rd quarter worth approximately $2,640,000. 20.61% of the stock is currently owned by institutional investors.
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.