Wuhan General Group (BEST) Upgraded by Zacks Investment Research to Buy

Wuhan General Group (NASDAQ:BEST) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Wednesday, Zacks.com reports. The firm presently has a $4.75 target price on the stock. Zacks Investment Research‘s price objective indicates a potential upside of 13.37% from the stock’s current price.

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. “

BEST has been the topic of several other research reports. Sanford C. Bernstein cut Wuhan General Group from an “outperform” rating to a “market perform” rating and dropped their price target for the company from $11.00 to $6.00 in a research report on Tuesday, April 23rd. KeyCorp dropped their price target on Wuhan General Group from $8.00 to $7.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 15th.

Shares of BEST stock opened at $4.19 on Wednesday. Wuhan General Group has a 52-week low of $3.77 and a 52-week high of $13.54.

Wuhan General Group (NASDAQ:BEST) last issued its quarterly earnings results on Tuesday, May 14th. The company reported ($0.53) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.10) by ($0.43). The company had revenue of $6.87 billion during the quarter, compared to analysts’ expectations of $6.49 billion. The firm’s revenue for the quarter was up 37.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.84) EPS.

Wuhan General Group 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.

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