Boston Properties Price Target Raised to $126.00 at Deutsche Bank (BXP)
Stock analysts at Deutsche Bank increased their price target on shares of Boston Properties (NYSE:BXP) from $125.00 to $126.00 in a report issued on Thursday. Deutsche Bank’s price target would indicate a potential upside of 2.10% from the company’s current price.
Shares of Boston Properties (NYSE:BXP) opened at 123.41 on Thursday. Boston Properties has a 1-year low of $98.04 and a 1-year high of $123.80. The stock’s 50-day moving average is $120.2 and its 200-day moving average is $116.7. The company has a market cap of $18.894 billion and a P/E ratio of 50.20.
Boston Properties (NYSE:BXP) last posted its quarterly earnings results on Tuesday, July 29th. The company reported $1.35 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.19 by $1.16. The company had revenue of $589.79 million for the quarter, compared to the consensus estimate of $1.87 billion. During the same quarter last year, the company posted $1.28 earnings per share. Boston Properties’s revenue was up 15.6% compared to the same quarter last year. Analysts expect that Boston Properties will post $5.28 EPS for the current fiscal year.
A number of other firms have also recently commented on BXP. Analysts at RBC Capital raised their price target on shares of Boston Properties from $125.00 to $130.00 in a research note on Monday, August 4th. They now have an “outperform” rating on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Boston Properties in a research note on Wednesday, July 30th. They now have a $127.00 price target on the stock. Finally, analysts at Barclays raised their price target on shares of Boston Properties from $120.00 to $123.00 in a research note on Monday, July 21st. They now have an “overweight” rating on the stock. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Boston Properties has a consensus rating of “Buy” and an average target price of $113.29.
Boston Properties, Inc is an integrated, self-administered and self-managed real estate investment trust (NYSE:BXP).
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