BEST Inc. (BEST) Volatility Spurs A Quest For Clarity


SSgA Funds Management, Inc. recently announced the acquisition of new stake in BEST Inc. (NYSE:BEST). The institutional investor has increased its shareholding in the Industrials company by 3.38% to 3.55 million shares with purchase of 0.12 million shares. This fresh investment now brings its stake to 1.43% valued currently at $14.96 million. In addition, Credit Suisse Securities (USA) LL.. raised its holdings by 86771.0 to 2.39 million shares.

With over 1.57 million BEST Inc. (BEST) shares trading Tuesday and a closing price of $4.22 on the day, the dollar volume was approximately $6.63 million. The shares have shown a positive weekly performance of 1.69% and its price on 09/01/20 gained nearly 5.50%. Currently, there are 246.62M common shares owned by the public and among those 200.56M shares have been available to trade.

An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 10 analysts who have offered their price forecasts for BEST have a consensus price objective of $36.29. The analysts have set the share’s price value over the next 12 months at a high of $44.33 and a low of $22.05 should the stock experience a downside. Incidentally, analysts’ outlook for the BEST Inc. stock is 2.10 for the next 12 months. The average price target is 22.14% above its last price level and an upside to the estimated low will see the stock gain 80.86% over that period. But an upside of 90.48% will see the stock hit the forecast high price target while mean target price for the stock is $36.11.

The top 3 mutual fund holders in BEST Inc. are Wells Fargo Emerging Markets Equi, Vanguard Total International Stoc, and Vanguard Emerging Markets Stock I. Wells Fargo Emerging Markets Equi owns 3.76 million shares of the company’s stock, all valued at over $15.82 million. Vanguard Total International Stoc sold -0.14 million shares to see its total holdings shrink to 3.13 million shares valued at over $13.16 million and representing 1.26% of the shares outstanding. Vanguard Emerging Markets Stock I bought 43896.0 shares to bring its total holdings to over 2.18 million shares at a value of $9.19 million. Vanguard Emerging Markets Stock I now owns shares totaling to 0.88% of the shares outstanding.

Shares of BEST Inc. (NYSE: BEST) opened at $4.02, up $0.02 from a prior closing price of $4.00. However, the script later closed the day at $4.22, up 5.50%. The company’s stock has a 5-day price change of 1.69% and -23.13% over the past three months. BEST shares are trading -24.10% year to date (YTD), with the 12-month market performance up to 0.24% higher. It has a 12-month low price of $4.00 and touched a high of $6.54 over the same period. Currently, 1.57 million shares have been traded, compared to an average intraday trading volume of 1.31 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -3.42%, -4.52%, and -18.65% respectively.

Institutional ownership of BEST Inc. (NYSE: BEST) shares accounts for 35.50% of the company’s 246.62M shares outstanding. Mutual fund holders own 10.02%, while other institutional holders and individual stakeholders account for 26.81% and — respectively.

It has a market capitalization of $1.68B. The earnings-per-share (ttm) stands at -$0.43. Price movements for the stock have been influenced by the stock’s volatility, which stands at 4.60% over the week and 5.22% over the month.

Analysts forecast that BEST Inc. (BEST) will achieve an EPS of $0 for the current quarter, $0.03 for the next quarter and $0.09 for 2021. The lowest estimate earnings-per-share for the quarter is -$0.04 while analysts give the company a high EPS estimate of $0.04. Comparatively, EPS for the current quarter was $0.01 a year ago. Earnings per share for the fiscal year are expected to increase by 60.60%, and 157.90% over the next financial year. EPS should grow at an annualized rate of 40.00% over the next five years, compared to 31.50% over the past 5-year period.

If you are looking to buy this stock, then you may note that the average analyst recommendation by 10 brokerage firm advisors rate BEST Inc. (BEST) as a “Moderate Buy” at a consensus score of 2.10. Specifically, 7 Wall Street analysts polled rate the stock as a buy, while 2 of the 10 advise that investors “hold,” and 0 rated it as a “Sell.”

Looking at the support for the BEST, a number of firms have released research notes about the stock. Macquarie stated their Neutral rating for the stock in a research note on May 15, 2020, with the firm’s price target at. Oppenheimer coverage for the BEST Inc. (BEST) stock in a research note released on March 02, 2020 offered a Outperform rating with a price target of $6. Jefferies was of a view on December 05, 2019 that the stock is Buy, while Bernstein gave the stock Underperform rating on August 20, 2019, issuing a price target of. KeyBanc Capital Markets on their part issued Sector Weight rating on August 16, 2019.


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