Boston Properties Receives Average Rating of “Buy” from Brokerages (NYSE:BXP)
Shares of Boston Properties (NYSE:BXP) have received a consensus rating of “Buy” from the fifteen brokerages that are covering the stock, AnalystRatings.Net reports. Four equities research analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $113.29.
A number of research firms have recently commented on BXP. Analysts at Deutsche Bank raised their price target on shares of Boston Properties from $125.00 to $126.00 in a research note on Thursday. They now have a “buy” rating on the stock. Separately, 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. Finally, 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.
Boston Properties (NYSE:BXP) traded down 1.03% during mid-day trading on Friday, hitting $121.72. 47,203 shares of the company’s stock traded hands. Boston Properties has a 1-year low of $98.04 and a 1-year high of $124.04. The stock has a 50-day moving average of $120. and a 200-day moving average of $116.7. The company has a market cap of $18.635 billion and a price-to-earnings ratio of 50.22.
Boston Properties (NYSE:BXP) last issued its quarterly earnings data 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.
Boston Properties, Inc is an integrated, self-administered and self-managed real estate investment trust (NYSE:BXP).
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