The stock of Pitney Bowes Inc. (NYSE:PBI) last traded at $3.72, up 2.48% from the previous session.
Data from the available sources indicates that Pitney Bowes Inc. (NYSE:PBI) is covered by 2 analysts. The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $5.00 and a low of $3.00, we find $4.00. Given the previous closing price of $3.63, this indicates a potential upside of 10.19 percent. PBI stock price is now 10.16% away from the 50-day moving average and 2.50% away from the 200-day moving average. The market capitalization of the company currently stands at $623.77M.
In total, 2 analysts have assigned it a hold rating, and 0 have given it a buy rating. Brokers who have rated the stock have averaged $4.00 as their price target over the next twelve months.
With the price target maintained at $10, Sidoti recently Upgraded its rating from Neutral to Buy for Pitney Bowes Inc. (NYSE: PBI).
In other news, Stamps Sheila A, Director bought 20,000 shares of the company’s stock on Sep 07. The stock was bought for $54,640 at an average price of $2.73. Upon completion of the transaction, the Director now directly owns 45,834 shares in the company, valued at $0.17 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 15, Director GUILFOILE MARY bought 25,000 shares of the business’s stock. A total of $86,918 was incurred on buying the stock at an average price of $3.48. This leaves the insider owning 101,930 shares of the company worth $0.38 million. Insiders disposed of 92,463 shares of company stock worth roughly $0.34 million over the past 1 year. A total of 0.20% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in PBI stock. A new stake in Pitney Bowes Inc. shares was purchased by CONSOLIDATED PORTFOLIO REVIEW CORP during the first quarter worth $2,332,000. NORGES BANK invested $1,231,000 in shares of PBI during the first quarter. In the first quarter, PARK CIRCLE CO acquired a new stake in Pitney Bowes Inc. valued at approximately $465,000. PDT PARTNERS, LLC acquired a new stake in PBI for approximately $435,000. BRIDGEWATER ASSOCIATES, LP purchased a new stake in PBI valued at around $195,000 in the second quarter. In total, there are 330 active investors with 67.30% ownership of the company’s stock.
With an opening price of $3.6600 on Wednesday morning, Pitney Bowes Inc. (NYSE: PBI) set off the trading day. During the past 12 months, Pitney Bowes Inc. has had a low of $2.30 and a high of $4.85. As of last week, the company has a debt-to-equity ratio of 36.22, a current ratio of 0.90, and a quick ratio of 0.80. According to the stock market information, the enterprise value for the company is $2.61B, which is based on a 82.67 price-to-earnings ratio, a 13.78 price-to-earnings-growth ratio, and a beta of 2.17. The fifty day moving average price for PBI is $3.3812 and a two-hundred day moving average price translates $3.6358 for the stock.
The latest earnings results from Pitney Bowes Inc. (NYSE: PBI) was released for Mar, 2023. According to the Integrated Freight & Logistics Company, earnings per share came in at -$0.01, missing analysts’ expectations of $0 by -0.01. This compares to $0.12 EPS in the same period last year. The net profit margin was 0.20% and return on equity was 21.40% for PBI. The company reported revenue of $834.54 million for the quarter, compared to $926.94 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -9.97 percent. For the current quarter, analysts expect PBI to generate $812.23M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 06/08/2023. Investors who held shares on 05/23/2023 were paid a $0.05 dividend. On an annualized basis, this represents a $0.20 dividend and a 5.38% percent yield. There was an ex-dividend date of 05/22/2023 for this dividend. In terms of dividend payout ratio, PBI is presently at 413.10%.
Pitney Bowes Inc.(PBI) Company Profile
Pitney Bowes Inc., a shipping and mailing company, provides technology, logistics, and financial services to small and medium-sized businesses, large enterprises, retailers, and government clients in the United States, Canada, and internationally. It operates through Global Ecommerce, Presort Services, and Sending Technology Solutions (SendTech Solutions) segments. The Global Ecommerce segment provides domestic parcel services, cross-border solutions, and digital delivery services. The Presort Services segment offers mail sortation services, which allow clients to qualify volumes of first-class mail, marketing mail, and bound and packet mail for postal work sharing discounts. The SendTech Solutions segment provides physical and digital mailing and shipping technology solutions and other applications for sending, tracking and receiving of letters, parcels, and flats as well as financing alternatives to finance equipment and product purchases. Pitney Bowes Inc. markets its products, solutions, and services through direct and inside sales force, global and regional partner channels, direct mailings, and digital channels. The company was formerly known as Pitney Bowes Postage Meter Company. Pitney Bowes Inc. was incorporated in 1920 and is headquartered in Stamford, Connecticut.
