Imperial Capital Boosts Price Target on Boston Properties (BXP)

By admin | 6 years ago

Equities researchers at Imperial Capital lifted their target price on shares of Boston Properties (NYSE: BXP) from $103.00 to $108.00 in a report issued on Thursday. The firm currently has an “in-line” rating on the stock.

Shares of Boston Properties opened at 107.90 on Thursday. Boston Properties has a 52 week low of $81.52 and a 52 week high of $112.84. The company has a market cap of $16.119 billion and a P/E ratio of 56.94.

The company last announced its quarterly results on Tuesday, May 1st. It reported $1.13 earnings per share (EPS) for the previous quarter, meeting the Thomson Reuters consensus estimate of $1.13 EPS. The company’s quarterly revenue was up 7.3% on a year-over-year basis. On average, analysts predict that Boston Properties will post $1.22 earnings per share next quarter.

A number of other analysts have also recently weighed in on BXP. Analysts at Zacks reiterated a “neutral” rating on shares of Boston Properties in a research note to investors on Wednesday. They now have a $115.00 price target on the stock. Separately, analysts at Cantor Fitzgerald initiated coverage on shares of Boston Properties in a research note to investors on Thursday, March 29th. They set a “buy” rating and a $115.00 price target on the stock. Finally, analysts at Jefferies Group (NYSE: JEF) reiterated a “hold” rating on shares of Boston Properties in a research note to investors on Tuesday, February 14th. They now have a $95.00 price target on the stock.

Boston Properties, Inc. is an integrated, self-administered and self-managed real estate investment trust (REIT).

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