Pitney Bowes Inc. (NYSE:PBI) Stock Has Average Target Price of $18.45

Pitney Bowes Inc. (NYSE:PBI) has been assigned a consensus rating of “Moderate Buy” from the seven brokerages that are presently covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation, three 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 covered the stock in the last year is $18.45.

A number of analysts have commented on the company. Citigroup restated a “market outperform” rating on shares of Pitney Bowes in a research report on Friday, July 31st. The Goldman Sachs Group reiterated a “neutral” rating and set a $17.30 price objective on shares of Pitney Bowes in a research note on Thursday, July 30th. Zacks Research raised shares of Pitney Bowes from a “hold” rating to a “strong-buy” rating in a report on Monday, August 10th. Weiss Ratings upgraded shares of Pitney Bowes from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, July 31st. Finally, Citizens Jmp raised their price objective on shares of Pitney Bowes from $19.00 to $22.00 and gave the company a “market outperform” rating in a research report on Friday, July 31st.

Insider Buying and Selling

In other Pitney Bowes news, CEO Kurt Wolf sold 23,887 shares of Pitney Bowes stock in a transaction on Thursday, September 17th. The shares were sold at an average price of $17.43, for a total value of $416,350.41. Following the sale, the chief executive officer directly owned 104,821 shares in the company, valued at approximately $1,827,030.03. The trade was a 18.56% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Todd A. Everett sold 10,000 shares of Pitney Bowes stock in a transaction dated Thursday, September 10th. The stock was sold at an average price of $16.89, for a total value of $168,900.00. Following the completion of the sale, the executive vice president directly owned 86,048 shares in the company, valued at $1,453,350.72. This trade represents a 10.41% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 1,683,908 shares of company stock worth $29,849,797. 6.50% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Longview Financial Advisors Inc. bought a new stake in Pitney Bowes in the first quarter worth $26,000. Hantz Financial Services Inc. grew its stake in shares of Pitney Bowes by 190.9% in the 4th quarter. Hantz Financial Services Inc. now owns 3,747 shares of the technology company’s stock worth $40,000 after buying an additional 2,459 shares in the last quarter. Nykredit A S purchased a new position in shares of Pitney Bowes in the 2nd quarter worth $46,000. Public Employees Retirement System of Ohio bought a new stake in shares of Pitney Bowes in the 2nd quarter worth about $46,000. Finally, Plato Investment Management Ltd purchased a new stake in shares of Pitney Bowes during the 2nd quarter valued at about $55,000. 67.88% of the stock is currently owned by institutional investors.

Pitney Bowes Price Performance

NYSE:PBI opened at $16.58 on Tuesday. The firm has a market capitalization of $2.27 billion, a price-to-earnings ratio of 13.59, a price-to-earnings-growth ratio of 0.65 and a beta of 1.66. Pitney Bowes has a one year low of $8.95 and a one year high of $19.07. The business has a fifty day moving average price of $17.04 and a 200-day moving average price of $15.78.

Pitney Bowes (NYSE:PBI) last announced its earnings results on Wednesday, July 29th. The technology company reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.09. The company had revenue of $451.50 million for the quarter, compared to analysts’ expectations of $453.94 million. Pitney Bowes had a negative return on equity of 31.37% and a net margin of 10.04%.Pitney Bowes’s revenue for the quarter was down 2.4% compared to the same quarter last year. During the same period last year, the firm earned $0.27 EPS. Pitney Bowes has set its FY 2026 guidance at 1.550-1.700 EPS. On average, equities research analysts expect that Pitney Bowes will post 1.68 earnings per share for the current fiscal year.

Pitney Bowes Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 8th. Stockholders of record on Monday, August 10th were given a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.2%. The ex-dividend date was Monday, August 10th. Pitney Bowes’s payout ratio is presently 32.79%.

Pitney Bowes Company Profile

Pitney Bowes Inc (NYSE:PBI) is a technology, mailing and shipping services company that helps businesses manage physical and digital communications, postage and parcel delivery. Its offerings include postage meters, mailing systems, shipping software, parcel lockers and related supplies, financing and support services.

The company’s products are designed for organizations ranging from small businesses to large enterprises and government agencies. Its SendPro platform integrates postage purchasing, carrier selection, shipping labels, tracking and reporting, while Pitney Bowes also provides solutions for mailroom operations, document management and transactional communications.

Founded in 1920 by Arthur Pitney and Walter Bowes, the company initially became known for its postage-meter technology, which helped automate the mailing process.