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

Key Points

• Analysts rate Pitney Bowes “Hold” overall: Four of seven analysts recommend holding the stock, while three recommend buying it. The average 12-month price target is $18.45 versus a recent price of $17.35.
• Pitney Bowes exceeded quarterly EPS expectations, reporting $0.43 versus the $0.34 consensus, though revenue declined 2.4% year over year to $451.5 million. Analysts expect approximately $1.68 in EPS for the current fiscal year.
• Insiders have been selling shares: Executives sold about 1.46 million shares worth $25.9 million over the past 90 days, while institutional investors own 67.88% of the company.

Shares of Pitney Bowes Inc. (NYSE:PBI - Get Free Report) have been assigned a consensus rating of "Hold" from the seven ratings firms that are currently covering the company, MarketBeat reports. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $18.45.

A number of research analysts have commented on PBI shares. Citizens Jmp raised their price target on shares of Pitney Bowes from $19.00 to $22.00 and gave the stock a "market outperform" rating in a research note on Friday, July 31st. Zacks Research cut shares of Pitney Bowes from a "strong-buy" rating to a "hold" rating in a research note on Friday, October 2nd. Wall Street Zen lowered Pitney Bowes from a "strong-buy" rating to a "buy" rating in a research note on Saturday. Weiss Ratings raised shares of Pitney Bowes from a "buy (b-)" rating to a "buy (b)" rating in a research note on Thursday, October 8th. Finally, The Goldman Sachs Group reaffirmed a "neutral" rating and set a $17.30 target price on shares of Pitney Bowes in a report on Thursday, July 30th.

Pitney Bowes Price Performance

• Pitney Bowes NYSE: PBI is Surging, Is it Too Risky?

Shares of NYSE:PBI opened at $17.35 on Friday. The business has a 50-day moving average of $16.87 and a two-hundred day moving average of $16.46. Pitney Bowes has a fifty-two week low of $8.95 and a fifty-two week high of $19.07. The stock has a market capitalization of $2.38 billion, a P/E ratio of 14.22, a P/E/G ratio of 0.70 and a beta of 1.66.

Pitney Bowes (NYSE:PBI - Get Free Report) last released its earnings results on Wednesday, July 29th. The technology company reported $0.43 earnings per share for the quarter, topping analysts' consensus estimates of $0.34 by $0.09. Pitney Bowes had a net margin of 10.04% and a negative return on equity of 31.37%. The firm had revenue of $451.50 million during the quarter, compared to analyst estimates of $453.94 million. During the same quarter in the previous year, the business earned $0.27 EPS. The business's revenue was down 2.4% on a year-over-year basis. Pitney Bowes has set its FY 2026 guidance at 1.550-1.700 EPS. As a group, research analysts expect that Pitney Bowes will post 1.68 EPS for the current fiscal year.

Pitney Bowes Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 8th. Investors of record on Monday, August 10th were given a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date was Monday, August 10th. Pitney Bowes's dividend payout ratio (DPR) is currently 32.79%.

Insider Buying and Selling

In other Pitney Bowes news, CEO Kurt Wolf sold 430,443 shares of the stock in a transaction on Thursday, July 30th. The shares were sold at an average price of $18.23, for a total value of $7,846,975.89. Following the sale, the chief executive officer directly owned 179,190 shares in the company, valued at approximately $3,266,633.70. This trade represents a 70.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Deborah Pfeiffer sold 20,000 shares of Pitney Bowes stock in a transaction on Tuesday, September 8th. The stock was sold at an average price of $17.11, for a total transaction of $342,200.00. Following the transaction, the executive vice president directly owned 79,223 shares in the company, valued at approximately $1,355,505.53. This represents a 20.16% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 1,461,767 shares of company stock valued at $25,920,799 in the last 90 days. 6.50% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. bought a new stake in shares of Pitney Bowes in the second quarter worth $220,473,000. Dimensional Fund Advisors LP increased its position in shares of Pitney Bowes by 9.0% in the first quarter. Dimensional Fund Advisors LP now owns 2,331,315 shares of the technology company's stock valued at $25,760,000 after acquiring an additional 193,145 shares during the last quarter. Bank of New York Mellon Corp acquired a new stake in shares of Pitney Bowes in the second quarter valued at about $28,683,000. Hsbc Holdings PLC acquired a new stake in shares of Pitney Bowes in the second quarter valued at about $27,762,000. Finally, Assenagon Asset Management S.A. bought a new stake in Pitney Bowes during the first quarter worth about $16,403,000. 67.88% of the stock is currently owned by institutional investors.

Pitney Bowes Company Profile

Pitney Bowes Inc NYSE: PBI is a global technology and services company that helps businesses manage mailing, shipping and related communications. Its offerings include postage meters, mailing systems, shipping software, parcel management tools, address and data services, and equipment financing and support.

The company serves small businesses, large enterprises and government organizations through solutions designed to streamline the preparation, processing and delivery of physical mail and packages.

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