BEST (NYSE:BEST) Upgraded to “Hold” by Zacks Investment Research

Zacks Investment Research upgraded shares of BEST (NYSE:BEST) from a sell rating to a hold rating in a research report sent to investors on Thursday morning, 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. “

A number of other equities analysts also recently weighed in on the stock. Sanford C. Bernstein downgraded 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 note on Friday, November 1st.

Shares of NYSE BEST traded down $0.04 on Thursday, reaching $5.80. 46,868 shares of the company’s stock traded hands, compared to its average volume of 1,661,312. BEST has a 12 month low of $3.77 and a 12 month high of $6.86. The business’s 50 day simple moving average is $5.32 and its two-hundred day simple moving average is $5.07. The company has a market cap of $2.08 billion, a price-to-earnings ratio of -27.67 and a beta of 1.32. The company has a quick ratio of 0.83, a current ratio of 0.95 and a debt-to-equity ratio of 0.36.

BEST (NYSE:BEST) last announced its earnings results on Wednesday, November 13th. The company reported $0.01 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.01) by $0.02. BEST had a negative net margin of 0.86% and a negative return on equity of 4.83%. The business had revenue of $8.75 billion during the quarter, compared to the consensus estimate of $9.14 billion. The company’s quarterly revenue was up 21.6% compared to the same quarter last year. Analysts forecast that BEST will post -0.06 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently made changes to their positions in the business. TimesSquare Capital Management LLC bought a new stake in shares of BEST during the third quarter valued at approximately $28,841,000. SG Americas Securities LLC bought a new stake in shares of BEST during the third quarter valued at approximately $5,245,000. DNB Asset Management AS bought a new stake in shares of BEST during the third quarter valued at approximately $2,934,000. Creative Planning bought a new stake in shares of BEST during the third quarter valued at approximately $2,640,000. Finally, California Public Employees Retirement System bought a new stake in shares of BEST during the third quarter valued at approximately $2,101,000. 19.88% of the stock is owned by institutional investors and hedge funds.

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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