Zacks Investment Research cut shares of BEST (NYSE:BSTI) from a hold rating to a sell rating in a research note released on Tuesday morning.

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. “

Other equities research analysts have also recently issued reports about the stock. Citigroup assumed coverage on shares of BEST in a report on Tuesday, December 5th. They set an outperform rating and a $13.00 price target for the company. Credit Suisse Group started coverage on shares of BEST in a research report on Monday, October 16th. They set an outperform rating for the company. Stifel Nicolaus started coverage on shares of BEST in a research report on Monday, October 16th. They set a buy rating and a $16.00 price objective for the company. Oppenheimer started coverage on shares of BEST in a research report on Tuesday, December 5th. They set an outperform rating and a $13.00 price objective for the company. Finally, KeyCorp started coverage on shares of BEST in a research report on Monday, October 16th. They set an overweight rating and a $16.00 price objective for the company. One analyst has rated the stock with a sell rating and eight have given a buy rating to the company’s stock. BEST has an average rating of Buy and a consensus price target of $14.92.

BEST (BSTI) traded down $0.03 during mid-day trading on Tuesday, reaching $9.17. 271,200 shares of the company’s stock were exchanged, compared to its average volume of 723,067. BEST has a one year low of $8.72 and a one year high of $13.25.

A hedge fund recently bought a new stake in BEST stock. Janney Montgomery Scott LLC acquired a new stake in shares of BEST Inc (NYSE:BSTI) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 10,600 shares of the company’s stock, valued at approximately $127,000. Institutional investors and hedge funds own 13.31% of the company’s stock.

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About BEST

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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