Pitney Bowes Inc. (NYSE:PBI) has earned a consensus rating of “Hold” from the eight research firms that are covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $17.67.

Several research analysts have recently issued reports on the stock. ValuEngine upgraded shares of Pitney Bowes from a “hold” rating to a “buy” rating in a research note on Monday. Zacks Investment Research upgraded shares of Pitney Bowes from a “sell” rating to a “hold” rating in a research note on Monday, September 4th. BidaskClub upgraded shares of Pitney Bowes from a “sell” rating to a “hold” rating in a research note on Saturday, August 26th. Cross Research downgraded shares of Pitney Bowes from a “hold” rating to a “sell” rating in a research note on Tuesday, August 8th. Finally, Sidoti upgraded shares of Pitney Bowes from a “neutral” rating to a “buy” rating and set a $17.00 target price on the stock in a research note on Wednesday, August 2nd.

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Shares of Pitney Bowes (NYSE:PBI) traded down 0.29% during trading on Friday, reaching $13.96. 1,257,481 shares of the company traded hands. Pitney Bowes has a 12-month low of $12.31 and a 12-month high of $18.20. The stock has a market capitalization of $2.61 billion, a P/E ratio of 27.43 and a beta of 1.21. The firm’s 50 day moving average is $13.06 and its 200-day moving average is $14.06.

Pitney Bowes (NYSE:PBI) last issued its earnings results on Tuesday, August 1st. The technology company reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.03). The firm had revenue of $821.40 million during the quarter, compared to the consensus estimate of $822.90 million. Pitney Bowes had a return on equity of 15,666.66% and a net margin of 3.02%. The company’s quarterly revenue was down 1.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.39 EPS. On average, equities research analysts anticipate that Pitney Bowes will post $1.68 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 12th. Stockholders of record on Friday, August 25th were paid a $0.1875 dividend. The ex-dividend date of this dividend was Wednesday, August 23rd. This represents a $0.75 annualized dividend and a dividend yield of 5.37%. Pitney Bowes’s dividend payout ratio is presently 144.23%.

A number of institutional investors have recently modified their holdings of the stock. Eaton Vance Management lifted its position in Pitney Bowes by 0.3% during the second quarter. Eaton Vance Management now owns 54,293 shares of the technology company’s stock valued at $820,000 after purchasing an additional 142 shares during the period. Ifrah Financial Services Inc. lifted its position in Pitney Bowes by 1.3% during the second quarter. Ifrah Financial Services Inc. now owns 18,025 shares of the technology company’s stock valued at $272,000 after purchasing an additional 238 shares during the period. Teacher Retirement System of Texas lifted its position in Pitney Bowes by 1.7% during the second quarter. Teacher Retirement System of Texas now owns 15,054 shares of the technology company’s stock valued at $227,000 after purchasing an additional 251 shares during the period. M&T Bank Corp lifted its position in Pitney Bowes by 1.7% during the first quarter. M&T Bank Corp now owns 26,743 shares of the technology company’s stock valued at $349,000 after purchasing an additional 439 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Pitney Bowes by 11.9% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,041 shares of the technology company’s stock valued at $106,000 after purchasing an additional 748 shares during the period. Institutional investors own 76.18% of the company’s stock.

Pitney Bowes Company Profile

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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