Pitney Bowes Inc. (PBI) Receives Average Recommendation of “Hold” from Analysts

Shares of Pitney Bowes Inc. (NYSE:PBI) have been assigned a consensus rating of “Hold” from the six research firms that are currently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is $14.50.

PBI has been the subject of a number of recent analyst reports. Zacks Investment Research raised Pitney Bowes from a “sell” rating to a “hold” rating in a report on Tuesday, October 10th. ValuEngine cut Pitney Bowes from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. Finally, Loop Capital lowered their target price on Pitney Bowes from $14.00 to $12.00 and set a “hold” rating for the company in a research note on Thursday, November 2nd.

Pitney Bowes (NYSE:PBI) traded down $0.14 during mid-day trading on Tuesday, reaching $11.49. The company had a trading volume of 1,310,426 shares, compared to its average volume of 1,456,800. Pitney Bowes has a 12-month low of $9.50 and a 12-month high of $16.60. The firm has a market cap of $2,150.00, a PE ratio of 24.45 and a beta of 1.11. The company has a debt-to-equity ratio of 35.49, a current ratio of 1.42 and a quick ratio of 1.37.

Pitney Bowes (NYSE:PBI) last released its quarterly earnings results on Wednesday, November 1st. The technology company reported $0.33 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.43 by ($0.10). Pitney Bowes had a net margin of 2.64% and a negative return on equity of 5,297.85%. The business had revenue of $842.82 million for the quarter, compared to analyst estimates of $837.60 million. During the same period in the prior year, the business earned $0.44 earnings per share. The company’s revenue for the quarter was up .5% on a year-over-year basis. equities research analysts forecast that Pitney Bowes will post 1.38 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 12th. Stockholders of record on Tuesday, November 21st were paid a $0.1875 dividend. The ex-dividend date was Monday, November 20th. This represents a $0.75 annualized dividend and a dividend yield of 6.53%. Pitney Bowes’s dividend payout ratio (DPR) is currently 159.57%.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in PBI. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Pitney Bowes by 11.9% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,041 shares of the technology company’s stock valued at $106,000 after buying an additional 748 shares during the period. Seven Eight Capital LP acquired a new stake in shares of Pitney Bowes in the 2nd quarter valued at $108,000. ETRADE Capital Management LLC acquired a new stake in shares of Pitney Bowes in the 3rd quarter valued at $168,000. D.A. Davidson & CO. increased its stake in shares of Pitney Bowes by 23.0% in the 2nd quarter. D.A. Davidson & CO. now owns 12,300 shares of the technology company’s stock valued at $185,000 after buying an additional 2,300 shares during the period. Finally, MML Investors Services LLC increased its stake in shares of Pitney Bowes by 9.9% in the 2nd quarter. MML Investors Services LLC now owns 13,664 shares of the technology company’s stock valued at $206,000 after buying an additional 1,234 shares during the period. 73.74% of the stock is owned by institutional investors.

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About Pitney Bowes

Pitney Bowes Inc is a global technology company. The Company offers customer information management, location intelligence and customer engagement products and solutions to help its clients market to their customers, and shipping, mailing, and cross border e-commerce products and solutions that enable the sending of parcels and packages across the globe.

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