Pitney Bowes Inc. (NYSE:PBI) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Pitney Bowes Inc. (NYSE:PBI) has been given an average recommendation of “Moderate Buy” by the seven analysts that are currently covering the firm, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation, two have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $12.00.

PBI has been the topic of a number of recent research reports. Citigroup assumed coverage on Pitney Bowes in a research report on Wednesday, December 3rd. They issued an “outperform” rating on the stock. Citizens Jmp started coverage on shares of Pitney Bowes in a report on Wednesday, December 3rd. They set a “market outperform” rating and a $13.00 target price on the stock. Truist Financial assumed coverage on shares of Pitney Bowes in a research report on Friday, December 12th. They set a “hold” rating and a $11.00 price target on the stock. JMP Securities set a $13.00 price objective on shares of Pitney Bowes in a research report on Wednesday, December 3rd. Finally, Zacks Research raised shares of Pitney Bowes from a “hold” rating to a “strong-buy” rating in a report on Monday, December 29th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. State Street Corp raised its stake in Pitney Bowes by 3.1% in the 2nd quarter. State Street Corp now owns 6,366,188 shares of the technology company’s stock valued at $69,455,000 after acquiring an additional 188,886 shares during the period. LSV Asset Management increased its holdings in shares of Pitney Bowes by 246.7% in the fourth quarter. LSV Asset Management now owns 4,197,189 shares of the technology company’s stock valued at $44,364,000 after purchasing an additional 2,986,689 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Pitney Bowes by 6.4% in the second quarter. Geode Capital Management LLC now owns 4,012,086 shares of the technology company’s stock valued at $43,777,000 after purchasing an additional 240,544 shares during the period. Cannell & Spears LLC lifted its stake in shares of Pitney Bowes by 89.5% during the 3rd quarter. Cannell & Spears LLC now owns 3,364,466 shares of the technology company’s stock worth $38,389,000 after buying an additional 1,588,579 shares during the last quarter. Finally, Permit Capital LLC lifted its stake in shares of Pitney Bowes by 14.0% during the 4th quarter. Permit Capital LLC now owns 3,250,000 shares of the technology company’s stock worth $34,352,000 after buying an additional 400,000 shares during the last quarter. 67.88% of the stock is currently owned by institutional investors.

Pitney Bowes Trading Up 0.9%

Pitney Bowes stock opened at $10.27 on Monday. Pitney Bowes has a 1-year low of $7.39 and a 1-year high of $13.11. The company has a fifty day simple moving average of $10.41 and a 200 day simple moving average of $10.77. The company has a market cap of $1.65 billion, a P/E ratio of 22.81, a price-to-earnings-growth ratio of 0.48 and a beta of 1.41.

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.