Boston Properties Price Target Increased to $109.00 by Analysts at Jefferies Group (BXP)
Jefferies Group increased their price target on shares of Boston Properties (NYSE:BXP) to $109.00 in a research note issued on Monday, Stock Ratings Network reports. The firm currently has a “hold” rating on the stock. Jefferies Group’s price objective would indicate a potential upside of 2.77% from the company’s current price.
Boston Properties (NYSE:BXP) traded down 1.88% during mid-day trading on Monday, hitting $106.06. 830,066 shares of the company’s stock traded hands. Boston Properties has a 52-week low of $98.04 and a 52-week high of $115.85. The stock’s 50-day moving average is $103.7 and its 200-day moving average is $104.. The company has a market cap of $16.225 billion and a P/E ratio of 22.24.
Boston Properties (NYSE:BXP) last posted its quarterly earnings results on Wednesday, January 29th. The company reported $1.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $1.15. The company had revenue of $576.20 million for the quarter, compared to the consensus estimate of $66.12 million. During the same quarter in the previous year, the company posted $1.27 earnings per share. The company’s revenue for the quarter was up 20.5% on a year-over-year basis. Analysts expect that Boston Properties will post $5.31 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Boston Properties in a research note to investors on Wednesday, January 29th. They now have a $111.00 price target on the stock. Separately, analysts at Deutsche Bank cut their price target on shares of Boston Properties from $115.00 to $113.00 in a research note to investors on Wednesday, January 15th. Finally, analysts at JPMorgan Chase & Co. cut their price target on shares of Boston Properties from $123.00 to $110.00 in a research note to investors on Friday, December 27th. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $100.56.
Boston Properties, Inc is an integrated, self-administered and self-managed real estate investment trust (NYSE:BXP).
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