Favorable News Coverage Somewhat Unlikely to Impact BEST (NYSE:BSTI) Share Price

Press coverage about BEST (NYSE:BSTI) has been trending positive this week, according to Accern. The research firm identifies negative and positive media coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. BEST earned a daily sentiment score of 0.43 on Accern’s scale. Accern also gave headlines about the company an impact score of 45.6810602381954 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.

BSTI has been the subject of several research reports. Goldman Sachs Group initiated coverage on shares of BEST in a research note on Sunday, October 15th. They issued a “buy” rating and a $16.60 price objective for the company. KeyCorp started coverage on shares of BEST in a research note on Monday, October 16th. They set an “overweight” rating and a $16.00 price target for the company. Credit Suisse Group started coverage on shares of BEST in a research note on Monday, October 16th. They set an “outperform” rating for the company. Stifel Nicolaus started coverage on shares of BEST in a research note on Monday, October 16th. They set a “buy” rating and a $16.00 price target for the company. Finally, Deutsche Bank started coverage on shares of BEST in a research note on Monday, October 16th. They set a “buy” rating for the company. 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 company has a consensus rating of “Buy” and a consensus target price of $14.92.

BEST (NYSE:BSTI) traded up $0.08 during mid-day trading on Friday, hitting $9.23. 500,918 shares of the stock traded hands, compared to its average volume of 756,033. BEST has a 12-month low of $8.72 and a 12-month high of $13.25.

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BEST Company Profile

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.

Insider Buying and Selling by Quarter for BEST (NYSE:BSTI)

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