Boston Properties (NYSE:BXP) was upgraded by stock analysts at Sandler O’Neill to a “buy” rating in a report issued on Monday, Analyst Ratings Network.com reports.
Other equities research analysts have also recently issued reports about the stock. Analysts at Jefferies Group cut their price target on shares of Boston Properties from $113.00 to $107.00 in a research note to investors on Friday, November 8th. They now have a “hold” rating on the stock. Separately, analysts at RBC Capital cut their price target on shares of Boston Properties from $120.00 to $115.00 in a research note to investors on Tuesday, November 5th. They now have an “outperform” rating on the stock. Finally, analysts at JPMorgan Chase & Co. raised their price target on shares of Boston Properties from $116.00 to $123.00 in a research note to investors on Wednesday, October 30th. They now have a “neutral” rating on the stock. Seven research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $116.43.
Shares of Boston Properties (NYSE:BXP) opened at 103.03 on Monday. Boston Properties has a 52-week low of $98.21 and a 52-week high of $115.85. The stock has a 50-day moving average of $105.4 and a 200-day moving average of $106.6. The company has a market cap of $15.751 billion and a price-to-earnings ratio of 21.93.
Boston Properties (NYSE:BXP) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $1.29 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.28 by $0.01. The company had revenue of $574.08 million for the quarter, compared to the consensus estimate of $512.60 million. During the same quarter in the prior year, the company posted $1.16 earnings per share. The company’s quarterly revenue was up 23.0% on a year-over-year basis. On average, analysts predict that Boston Properties will post $4.90 earnings per share 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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