Pitney Bowes’ (PBI) Market Outperform Rating Reiterated at Citizens Jmp

Pitney Bowes (NYSE:PBIGet Free Report)‘s stock had its “market outperform” rating reissued by equities research analysts at Citizens Jmp in a research note issued to investors on Wednesday,Benzinga reports. They currently have a $13.00 price objective on the technology company’s stock. Citizens Jmp’s target price would indicate a potential upside of 13.18% from the company’s previous close.

A number of other research firms have also commented on PBI. Citigroup initiated coverage on shares of Pitney Bowes in a research note on Wednesday, December 3rd. They issued an “outperform” rating on the stock. Truist Financial assumed coverage on Pitney Bowes in a research report on Friday, December 12th. They set a “hold” rating and a $11.00 price objective for the company. Zacks Research raised Pitney Bowes from a “hold” rating to a “strong-buy” rating in a report on Monday, December 29th. The Goldman Sachs Group started coverage on Pitney Bowes in a research note on Monday, November 3rd. They set a “neutral” rating and a $11.00 price target for the company. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Pitney Bowes in a research note on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $11.00.

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Pitney Bowes Price Performance

Shares of NYSE PBI traded up $1.25 during midday trading on Wednesday, hitting $11.49. 754,408 shares of the company’s stock were exchanged, compared to its average volume of 1,727,905. The firm’s fifty day simple moving average is $10.42 and its 200-day simple moving average is $10.75. The company has a market cap of $1.85 billion, a PE ratio of 25.71, a P/E/G ratio of 0.48 and a beta of 1.41. Pitney Bowes has a twelve month low of $7.39 and a twelve month high of $13.11.

Pitney Bowes (NYSE:PBIGet Free Report) last released its quarterly earnings data on Tuesday, February 17th. The technology company reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.07. The company had revenue of $477.63 million during the quarter, compared to the consensus estimate of $482.47 million. Pitney Bowes had a net margin of 4.14% and a negative return on equity of 38.38%. Pitney Bowes’s revenue for the quarter was down 7.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.32 earnings per share. Pitney Bowes has set its FY 2026 guidance at 1.400-1.600 EPS. Equities analysts anticipate that Pitney Bowes will post 1.21 EPS for the current fiscal year.

Institutional Investors Weigh In On Pitney Bowes

A number of large investors have recently added to or reduced their stakes in PBI. Capital Management Corp VA grew its holdings in Pitney Bowes by 8.2% during the 3rd quarter. Capital Management Corp VA now owns 2,337,760 shares of the technology company’s stock valued at $26,674,000 after buying an additional 176,180 shares during the last quarter. Evergreen Wealth Management LLC purchased a new stake in shares of Pitney Bowes in the third quarter valued at $6,691,000. Allspring Global Investments Holdings LLC lifted its position in shares of Pitney Bowes by 76.8% in the third quarter. Allspring Global Investments Holdings LLC now owns 555,747 shares of the technology company’s stock valued at $6,341,000 after acquiring an additional 241,465 shares in the last quarter. Mizuho Markets Americas LLC acquired a new stake in shares of Pitney Bowes during the third quarter valued at $7,683,000. Finally, Phoenix Financial Ltd. purchased a new stake in Pitney Bowes during the 3rd quarter worth about $3,493,000. 67.88% of the stock is owned by institutional investors and hedge funds.

Pitney Bowes News Roundup

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Pitney Bowes Company Profile

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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.

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Analyst Recommendations for Pitney Bowes (NYSE:PBI)

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