Positive Media Coverage Somewhat Unlikely to Affect BEST (BSTI) Stock Price
News headlines about BEST (NYSE:BSTI) have trended positive on Sunday, according to Accern Sentiment Analysis. Accern identifies positive and negative media coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. BEST earned a news impact score of 0.37 on Accern’s scale. Accern also gave press coverage about the company an impact score of 45.4023700613641 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Shares of BEST (NYSE:BSTI) traded up $0.03 during mid-day trading on Friday, reaching $9.01. 656,830 shares of the company’s stock were exchanged, compared to its average volume of 1,095,771. BEST has a 52-week low of $8.72 and a 52-week high of $13.25.
Several research firms recently weighed in on BSTI. Credit Suisse Group began coverage on shares of BEST in a report on Monday, October 16th. They set an “outperform” rating on the stock. Oppenheimer started coverage on shares of BEST in a report on Tuesday, December 5th. They issued an “outperform” rating and a $13.00 price objective on the stock. Stifel Nicolaus started coverage on shares of BEST in a report on Monday, October 16th. They issued a “buy” rating and a $16.00 price objective on the stock. Goldman Sachs Group started coverage on shares of BEST in a report on Sunday, October 15th. They issued a “buy” rating and a $16.60 price objective on the stock. Finally, KeyCorp started coverage on shares of BEST in a report on Monday, October 16th. They issued an “overweight” rating and a $16.00 price objective on the stock. One analyst has rated the stock with a sell rating and eight have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $14.92.
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.
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