Pitney Bowes Inc. (NYSE:PBI) Receives Average Rating of “Hold” from Analysts

Pitney Bowes Inc. (NYSE:PBI) has earned a consensus rating of “Hold” from the six brokerages that are currently covering the firm, Marketbeat reports. Four research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12-month target price among brokerages that have covered the stock in the last year is $12.00.

A number of research analysts have recently commented on PBI shares. Citigroup started coverage on Pitney Bowes in a report on Wednesday, December 3rd. They issued an “outperform” rating on the stock. Truist Financial initiated coverage on shares of Pitney Bowes in a research note on Friday, December 12th. They issued a “hold” rating and a $11.00 price target on the stock. The Goldman Sachs Group initiated coverage on shares of Pitney Bowes in a research report on Monday, November 3rd. They set a “neutral” rating and a $11.00 price objective for the company. JMP Securities set a $13.00 target price on shares of Pitney Bowes in a research report on Wednesday, December 3rd. Finally, Citizens Jmp initiated coverage on shares of Pitney Bowes in a research note on Wednesday, December 3rd. They set a “market outperform” rating and a $13.00 price target on the stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Cannell & Spears LLC increased its holdings in shares of Pitney Bowes by 89.5% in the 3rd quarter. Cannell & Spears LLC now owns 3,364,466 shares of the technology company’s stock valued at $38,389,000 after acquiring an additional 1,588,579 shares during the period. Alyeska Investment Group L.P. purchased a new stake in shares of Pitney Bowes in the first quarter valued at approximately $11,032,000. LSV Asset Management acquired a new position in Pitney Bowes during the third quarter worth $13,812,000. Hennessy Advisors Inc. purchased a new position in Pitney Bowes in the second quarter worth $12,660,000. Finally, Cibc World Market Inc. lifted its holdings in Pitney Bowes by 2,724.6% in the third quarter. Cibc World Market Inc. now owns 836,071 shares of the technology company’s stock valued at $9,540,000 after acquiring an additional 806,471 shares during the period. Hedge funds and other institutional investors own 67.88% of the company’s stock.

Pitney Bowes Stock Up 1.0%

Shares of Pitney Bowes stock opened at $10.75 on Friday. Pitney Bowes has a twelve month low of $6.88 and a twelve month high of $13.11. The business has a 50-day moving average price of $10.15 and a 200 day moving average price of $10.97. The firm has a market cap of $1.73 billion, a PE ratio of 23.88, a P/E/G ratio of 0.55 and a beta of 1.32.

Pitney Bowes (NYSE:PBI) last issued its earnings results on Wednesday, October 29th. The technology company reported $0.31 EPS for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.01). Pitney Bowes had a negative return on equity of 38.38% and a net margin of 4.14%.The firm had revenue of $459.68 million for the quarter, compared to analyst estimates of $467.45 million. During the same quarter in the previous year, the firm posted $0.21 EPS. The business’s revenue for the quarter was down 8.0% on a year-over-year basis. Pitney Bowes has set its FY 2025 guidance at 1.300-1.300 EPS. On average, sell-side analysts expect that Pitney Bowes will post 1.21 EPS for the current year.

Pitney Bowes Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 8th. Stockholders of record on Monday, November 10th were given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 3.4%. This is an increase from Pitney Bowes’s previous quarterly dividend of $0.08. The ex-dividend date was Monday, November 10th. Pitney Bowes’s payout ratio is presently 80.00%.

About Pitney Bowes

Pitney Bowes Inc (NYSE: PBI) is an American technology company that specializes in shipping, mailing, and e-commerce solutions. Founded in 1920 by Walter Bowes and Arthur Pitney, the company pioneered postage meter technology and has since evolved to offer a broad portfolio of hardware, software, and services designed to streamline physical and digital communications. Headquartered in Stamford, Connecticut, Pitney Bowes leverages a century of expertise to serve enterprises, small businesses, and government agencies around the globe.

The company’s core offerings span mailing and shipping equipment, including postage meters, folder inserters, and address verification systems, alongside integrated software platforms for customer information management, data analytics, and location intelligence.