Boston Properties Receives Consensus Rating of “Buy” from Analysts (NYSE:BXP)
Boston Properties (NYSE:BXP) has been given an average rating of “Buy” by the fifteen analysts that are covering the company, American Banking News.com reports. Four analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $113.29.
Boston Properties (NYSE:BXP) opened at 121.38 on Friday. Boston Properties has a 52 week low of $98.04 and a 52 week high of $124.04. The stock has a 50-day moving average of $120.5 and a 200-day moving average of $117.0. The company has a market cap of $18.583 billion and a P/E ratio of 49.81.
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.
BXP has been the subject of a number of recent research reports. 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, August 21st. 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, Inc is an integrated, self-administered and self-managed real estate investment trust (NYSE:BXP).
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.