Boston Properties Inc. (NYSE:BXP) saw an upside of 1.91% to $69.84 after adding $1.31 on Monday. The 5-day average trading volume is 1,691,606 shares of the company’s common stock. It has gained $69.70 in the past week and touched a new high 4 times within the past 5 days. An average of 1,732,221 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,782,121.
BXP’s 1-month performance is 18.21% or $10.62 on its low of $57.95 reached on 07/10/23. The company’s shares have touched a 52-week low of $46.18 and high of $90.81, with the stock’s rally to the 52-week high happening on 02/02/23. YTD, BXP has achieved 3.34% or $2.12 and has reached a new high 10 times. However, the current price is down -23.09% from the 52-week high price.
Insider Transactions
BXP stock investors last saw insider trading activity on Jun 07.Otteni Peter V (Executive Vice President) most recently sold 10,463 shares at $54.60 per share on Jun 07. This transaction cost the insider $571,269. Senior EVP, RITCHEY RAYMOND A, sold 22,472 shares at a price of $89.96 on Aug 12.
Valuation Metrics
BXP stock has a beta of 1.14. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 3.35 while the price-to-book (PB) in the most recent quarter is 1.81.
As well, the company’s long term debt to equity for the quarter ending June 29 was 2.47, while the total debt to equity was 2.47. In terms of profitability, the gross margin trailing 12 months is 62.70%. The firm’s gross profit as reported stood at $1.06 billion against revenue of $3.11 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, Boston Properties Inc.’s cash and short-term investments amounted to $32.1 million against total debt of $15.91 billion. Net income and sales went up compared to those figures reported in the previous quarter. Net income shrunk -83.66% to $77.89 million, while revenue of $121.93 million was -56.54% off the previous quarter. Analysts expected BXP to announce $0.59 per share in earnings in its latest quarter, but it posted $0.66, representing a 11.90% surprise. EBITDA for the quarter stood at more than $443.93 million. Shareholders hold equity totaling $156.84 million.
Let’s look briefly at Boston Properties Inc. (BXP) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 04 August was 74.69% to suggest the stock is trending Overbought, with historical volatility in this time period at 31.28%.
The stock’s 5-day moving average is $67.42, reflecting a +4.61% or $3.07 change from its current price. BXP is currently trading +17.44% above its 20-day SMA, +30.45% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +44.16% and SMA200 by-6.32%.
Stochastic %K and %D was 96.19% and 91.57% and the average true range (ATR) pointed at 2.03. The RSI (14) points at 72.21%, while the 14-day stochastic is at 100.00% with the period’s ATR at 2.02. The stock’s 9-day MACD Oscillator is pointing at 1.79 and 2.81 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Boston Properties Inc. (NYSE: BXP), Barclays downgraded it to an Equal weight rating. They previously had an Overweight rating on the stock. Analysts offering their rating for BXP stock have a consensus rating for the stock as Overweight. Currently, 1 brokerage advisors rate BXP as a “sell,”, while 11 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 1 rates the stock as overweight while 6 have offered a “buy” rating.
What is BXP’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $52.00 and a high of $85.00, with their median price target at $58.00. Looking at these predictions, the average price target given by analysts is for Boston Properties Inc. (BXP) stock is $62.93.
