Citigroup Upgrades BEST (BSTI) to “Buy”

BEST (NYSE:BSTI) was upgraded by equities research analysts at Citigroup from a “neutral” rating to a “buy” rating in a research note issued on Friday.

BSTI has been the topic of several other reports. Zacks Investment Research upgraded shares of BEST from a “sell” rating to a “hold” rating in a research report on Tuesday, May 15th. KeyCorp set a $14.00 target price on shares of BEST and gave the stock a “buy” rating in a research report on Wednesday, February 21st. Finally, ValuEngine upgraded shares of BEST from a “sell” rating to a “hold” rating in a research report on Monday, April 2nd. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $14.52.

BEST traded up $0.26, hitting $11.47, during mid-day trading on Friday, MarketBeat.com reports. The stock had a trading volume of 5,370 shares, compared to its average volume of 1,007,161. BEST has a 52 week low of $8.08 and a 52 week high of $13.25.

A number of hedge funds have recently made changes to their positions in BSTI. Profund Advisors LLC bought a new stake in shares of BEST in the 1st quarter worth $103,000. Cubist Systematic Strategies LLC bought a new stake in shares of BEST during the 1st quarter valued at about $110,000. Huntington National Bank bought a new stake in shares of BEST during the 4th quarter valued at about $135,000. Two Sigma Investments LP bought a new stake in shares of BEST during the 4th quarter valued at about $166,000. Finally, Guggenheim Capital LLC bought a new stake in shares of BEST during the 1st quarter valued at about $207,000. Institutional investors and hedge funds own 12.47% 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.

Analyst Recommendations for BEST (NYSE:BSTI)

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