BEST (NYSE:BSTI) had its target price lowered by JPMorgan Chase & Co. from $14.80 to $12.00 in a report published on Friday. JPMorgan Chase & Co. currently has an overweight rating on the stock.

Other research analysts also recently issued research reports about the stock. KeyCorp lowered their price target on shares of BEST from $14.00 to $13.00 and set a buy rating for the company in a report on Thursday, July 19th. Citigroup raised shares of BEST from a neutral rating to a buy rating in a report on Saturday, June 2nd. Zacks Investment Research raised shares of BEST from a sell rating to a hold rating in a report on Tuesday, May 15th. Finally, Macquarie downgraded shares of BEST from an outperform rating to a neutral rating in a report on Wednesday, June 13th. One analyst has rated the stock with a sell rating, two have issued a hold rating and eight have given a buy rating to the company. BEST currently has a consensus rating of Buy and an average target price of $13.60.

Shares of NYSE:BSTI opened at $8.76 on Friday. BEST has a 12 month low of $8.08 and a 12 month high of $13.54. The stock has a market capitalization of $3.20 billion and a P/E ratio of -6.90.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. OppenheimerFunds Inc. bought a new stake in BEST in the second quarter worth about $87,381,000. Korea Investment CORP bought a new stake in BEST in the second quarter worth about $2,605,000. NumerixS Investment Technologies Inc bought a new stake in BEST in the second quarter worth about $159,000. FMR LLC lifted its stake in BEST by 1.0% in the second quarter. FMR LLC now owns 2,387,000 shares of the company’s stock worth $29,170,000 after purchasing an additional 23,600 shares during the last quarter. Finally, GAM Holding AG bought a new stake in BEST in the second quarter worth about $648,000. 13.93% 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.

Read More: How to Invest in Marijuana Stocks

Analyst Recommendations for BEST (NYSE:BSTI)

Receive News & Ratings for BEST Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BEST and related companies with's FREE daily email newsletter.