Argus Raises Boston Properties Price Target to $130.00 (BXP)
Equities research analysts at Argus raised their price target on shares of Boston Properties (NYSE:BXP) from $126.00 to $130.00 in a research note issued to investors on Friday. The firm currently has a “buy” rating on the stock. Argus’ target price suggests a potential upside of 7.38% from the company’s current price.
Boston Properties (NYSE:BXP) traded down 0.09% during mid-day trading on Friday, hitting $120.96. The stock had a trading volume of 323,188 shares. 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 $120.7 and a 200-day moving average of $117.2. The company has a market cap of $18.519 billion and a P/E ratio of 49.44.
Boston Properties (NYSE:BXP) last announced its earnings results on Tuesday, July 29th. The company reported $1.35 earnings per share (EPS) for the quarter, beating the 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 in the previous year, the company posted $1.28 earnings per share. The company’s revenue for the quarter was up 15.6% on a year-over-year basis. Analysts expect that Boston Properties will post $5.28 EPS for the current fiscal year.
A number of other analysts have also recently weighed in 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, 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. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $113.63.
Boston Properties, Inc is an integrated, self-administered and self-managed real estate investment trust (NYSE:BXP).
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