In a report released today, Scott Schneeberger from Oppenheimer maintained a Buy rating on BEST Inc (NYSE: BSTI). The company’s shares closed yesterday at $9.30.
According to TipRanks.com, Schneeberger is a 5-star analyst with an average return of 12.4% and a 71.4% success rate. Schneeberger covers the Services sector, focusing on stocks such as Service Corp International, Landstar System Inc, and General Finance.
BEST Inc has an analyst consensus of Strong Buy, with a price target consensus of $14.50.
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Based on BEST Inc’s latest earnings release for the quarter ending March 31, the company reported a quarterly GAAP net loss of $53.41 million. In comparison, last year the company had a GAAP net loss of $29.3 million.
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BEST, Inc. (China) is a holding company, which engages in the smart supply chain services. It operates through the following business segments: Supply Chain Management, Express Delivery, Freight Delivery, Store, and Others. The Others segment relates to the cross-border logistic coordination services.
