In yesterday’s Wall Street session, Pitney Bowes Inc. (NYSE:PBI) shares traded at $3.80, down -1.04% from the previous session.
1 analysts cover Pitney Bowes Inc. (NYSE:PBI), according to research data. 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 $5.00, we find $5.00. Given the previous closing price of $3.84, this indicates a potential upside of 30.21 percent. PBI stock price is now 6.57% away from the 50-day moving average and 2.10% away from the 200-day moving average. The market capitalization of the company currently stands at $662.23M.
The stock has received a hold rating from 1 analysts and a buy rating from 0. Brokers who have rated the stock have averaged $5.00 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 $0.39 million. Insiders disposed of 92,463 shares of company stock worth roughly $0.35 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 $2,382,000. NORGES BANK invested $1,258,000 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 $475,000. PDT PARTNERS, LLC acquired a new stake in PBI for approximately $444,000. BRIDGEWATER ASSOCIATES, LP purchased a new stake in PBI valued at around $199,000 in the second quarter.
On Wednesday morning Pitney Bowes Inc. (NYSE: PBI) stock kicked off with the opening price of $3.8100. 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 $2.63B, which is based on a 84.44 price-to-earnings ratio, a 14.07 price-to-earnings-growth ratio, and a beta of 2.21. The fifty day moving average price for PBI is $3.5768 and a two-hundred day moving average price translates $3.7272 for the stock.
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.
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 5.26% 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%.
