BXP (NYSE:BXP) Stock Price Expected to Rise, The Goldman Sachs Group Analyst Says

Key Points

• Goldman Sachs raised the target price for BXP shares from $67.00 to $76.00, maintaining a "neutral" rating, indicating a potential downside of 0.15% from the previous close.
• BXP's recent quarterly earnings beat estimates with $1.71 EPS and revenue of $868.46 million, exceeding analyst predictions.
• Analysts have mixed ratings on BXP, with five giving it a Buy rating, ten a Hold, and one a Sell, resulting in a consensus target price of $77.06.

BXP (NYSE:BXP - Get Free Report) had its target price lifted by stock analysts at The Goldman Sachs Group from $67.00 to $76.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage presently has a "neutral" rating on the real estate investment trust's stock. The Goldman Sachs Group's target price points to a potential downside of 0.15% from the company's previous close.

Several other research firms also recently weighed in on BXP. Scotiabank lowered their price objective on shares of BXP from $81.00 to $77.00 and set a "sector perform" rating on the stock in a report on Thursday, August 28th. Piper Sandler lifted their target price on shares of BXP from $80.00 to $90.00 and gave the stock an "overweight" rating in a research note on Tuesday. Truist Financial upped their target price on shares of BXP from $71.00 to $77.00 and gave the stock a "hold" rating in a research report on Wednesday. Morgan Stanley upped their target price on shares of BXP from $62.00 to $65.00 and gave the stock an "equal weight" rating in a research report on Wednesday, July 16th. Finally, Wells Fargo & Company dropped their price target on shares of BXP from $78.00 to $77.00 and set an "overweight" rating on the stock in a research note on Wednesday, August 27th. Five equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, BXP presently has a consensus rating of "Hold" and a consensus target price of $77.06.

BXP Price Performance

Shares of BXP traded up $2.24 during mid-day trading on Thursday, hitting $76.11. 808,200 shares of the company traded hands, compared to its average volume of 1,555,667. BXP has a one year low of $54.22 and a one year high of $90.11. The stock has a market capitalization of $12.05 billion, a price-to-earnings ratio of 2,537.88, a PEG ratio of 4.00 and a beta of 1.22. The company has a current ratio of 3.76, a quick ratio of 3.76 and a debt-to-equity ratio of 2.06. The business has a 50-day moving average of $69.09 and a 200 day moving average of $67.66.

BXP (NYSE:BXP - Get Free Report) last issued its quarterly earnings results on Tuesday, July 29th. The real estate investment trust reported $1.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.67 by $0.04. The firm had revenue of $868.46 million for the quarter, compared to analyst estimates of $845.09 million. BXP had a net margin of 0.11% and a return on equity of 3.89%. The company's revenue was up 2.1% compared to the same quarter last year. During the same period in the previous year, the business earned $1.77 EPS. BXP has set its FY 2025 guidance at 6.840-6.92 EPS. Q3 2025 guidance at 1.690-1.71 EPS. As a group, equities analysts expect that BXP will post 6.91 earnings per share for the current fiscal year.

Hedge Funds Weigh In On BXP

Several institutional investors have recently made changes to their positions in BXP. Loomis Sayles & Co. L P purchased a new position in shares of BXP during the second quarter valued at $25,000. MUFG Securities EMEA plc purchased a new stake in BXP in the second quarter valued at approximately $29,000. REAP Financial Group LLC boosted its position in BXP by 193.2% in the 2nd quarter. REAP Financial Group LLC now owns 472 shares of the real estate investment trust's stock worth $32,000 after purchasing an additional 311 shares in the last quarter. Sentry Investment Management LLC purchased a new stake in BXP in the 1st quarter worth approximately $34,000. Finally, Caitong International Asset Management Co. Ltd purchased a new position in shares of BXP during the 2nd quarter valued at approximately $43,000. Hedge funds and other institutional investors own 98.72% of the company's stock.

About BXP

Boston Properties, Inc NYSE: BXP (BXP or the Company) is the largest publicly traded developer, owner, and manager of premier workplaces in the United States, concentrated in six dynamic gateway markets - Boston, Los Angeles, New York, San Francisco, Seattle, and Washington, DC. BXP has delivered places that power progress for our clients and communities for more than 50 years.

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