Boston Properties (BXP) : Zacks Investment Research ranks Boston Properties (BXP) as 3, which is a Hold recommendation. 6 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 1 other analysts are mildly bullish on the stock and favor a Buy. A total of 10 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 17 research analysts is 2.24, which indicates as a Buy.
Boston Properties (BXP) has been rated by 15 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $165 and the lowest price target forecast is $131. The average forecast of all the analysts is $145.87 and the expected standard deviation is $8.9.
For the current week, the company shares have a recommendation consensus of Buy. Also, BTIG Research initiates coverage on Boston Properties (NYSE:BXP).The analysts at the brokerage house have a current rating of Neutral on the shares. The rating by the firm was issued on August 25, 2016.
Boston Properties (NYSE:BXP): The stock opened at $142.49 and touched an intraday high of $143.3 on Wednesday. During the day, the stock corrected to an intraday low of $141.83, however, the bulls stepped in and pushed the price higher to close in the green at $143.17 with a gain of 0.29% for the day. The total traded volume for the day was 367,780. The stock had closed at $142.75 in the previous trading session.
Boston Properties, Inc. is a fully integrated, self-administered and self-managed real estate investment trust (REIT). The Company is engaged in owning and developing office properties in the United States. The Companys properties are concentrated in four markets: Boston, New York, San Francisco and Washington, DC. The Company conducts all of its business through its subsidiary, Boston Properties Limited Partnership. The Company considers office/technical properties to be properties that support office, research and development, laboratory and other technical uses. The Company is also engaged in providing resources in acquisitions, development, financing, capital markets, construction management, property management, marketing, leasing, accounting, risk management, tax and legal services.