Pitney Bowes Inc. (NYSE:PBI) Receives Average Rating of “Moderate Buy” from Brokerages

Pitney Bowes Inc. (NYSE:PBI) has been assigned a consensus recommendation of “Moderate Buy” from the seven ratings firms that are currently covering the company, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $12.00.

Several research firms have commented on PBI. Zacks Research upgraded shares of Pitney Bowes from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 29th. JMP Securities set a $13.00 price objective on Pitney Bowes in a research report on Wednesday, December 3rd. Citizens Jmp began coverage on Pitney Bowes in a research note on Wednesday, December 3rd. They set a “market outperform” rating and a $13.00 target price on the stock. Citigroup began coverage on shares of Pitney Bowes in a research report on Wednesday, December 3rd. They set an “outperform” rating on the stock. Finally, Truist Financial assumed coverage on Pitney Bowes in a report on Friday, December 12th. They set a “hold” rating and a $11.00 target price on the stock.

Pitney Bowes Stock Up 2.0%

PBI opened at $10.19 on Thursday. The company’s 50-day moving average price is $10.14 and its 200 day moving average price is $10.94. Pitney Bowes has a fifty-two week low of $7.30 and a fifty-two week high of $13.11. The firm has a market cap of $1.64 billion, a price-to-earnings ratio of 22.64, a price-to-earnings-growth ratio of 0.47 and a beta of 1.30.

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

Pitney Bowes Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 8th. Shareholders of record on Monday, November 10th were issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date of this dividend was Monday, November 10th. This is a positive change from Pitney Bowes’s previous quarterly dividend of $0.08. Pitney Bowes’s dividend payout ratio is currently 80.00%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in PBI. Trail Ridge Investment Advisors LLC increased its position in Pitney Bowes by 5.1% during the third quarter. Trail Ridge Investment Advisors LLC now owns 20,890 shares of the technology company’s stock worth $238,000 after acquiring an additional 1,008 shares during the period. EverSource Wealth Advisors LLC grew its position in Pitney Bowes by 41.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,472 shares of the technology company’s stock worth $38,000 after purchasing an additional 1,015 shares during the last quarter. Advisory Services Network LLC increased its holdings in shares of Pitney Bowes by 2.4% during the 3rd quarter. Advisory Services Network LLC now owns 52,975 shares of the technology company’s stock worth $604,000 after purchasing an additional 1,234 shares during the period. New York State Teachers Retirement System raised its position in shares of Pitney Bowes by 0.5% during the second quarter. New York State Teachers Retirement System now owns 257,827 shares of the technology company’s stock valued at $2,813,000 after buying an additional 1,246 shares during the last quarter. Finally, Baird Financial Group Inc. lifted its stake in shares of Pitney Bowes by 12.5% in the second quarter. Baird Financial Group Inc. now owns 13,164 shares of the technology company’s stock valued at $144,000 after buying an additional 1,459 shares during the period. Institutional investors and hedge funds own 67.88% of the company’s stock.

Pitney Bowes Company Profile

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.