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

Key Points

• Analysts maintain a moderately bullish view: Pitney Bowes has an average “Moderate Buy” rating from seven analysts, with a consensus 12-month price target of $18.45 versus the reported share price of $16.37.
• Quarterly earnings beat expectations: The company reported adjusted earnings of $0.43 per share, exceeding the $0.34 consensus estimate, although revenue fell 2.4% year over year to $451.5 million.
• Insiders have been selling shares: Company insiders sold 1.83 million shares worth approximately $32.4 million during the last quarter, while institutional investors own 67.88% of the stock.

Shares of Pitney Bowes Inc. (NYSE:PBI - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the seven ratings firms that are currently covering the stock, MarketBeat reports. Three equities research analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $18.45.

Several research analysts have commented on the company. Zacks Research upgraded Pitney Bowes from a "hold" rating to a "strong-buy" rating in a report on Monday, August 10th. Weiss Ratings upgraded Pitney Bowes from a "hold (c+)" rating to a "buy (b-)" rating in a report on Friday, July 31st. The Goldman Sachs Group reissued a "neutral" rating and set a $17.30 price target on shares of Pitney Bowes in a research report on Thursday, July 30th. Citizens Jmp increased 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 note on Friday, July 31st. Finally, Truist Financial lifted their price target on Pitney Bowes from $15.00 to $18.00 and gave the company a "hold" rating in a report on Friday, July 31st.

Insider Activity

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

In other Pitney Bowes news, CEO Kurt Wolf sold 430,443 shares of the business's stock in a transaction dated 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 completion of the transaction, the chief executive officer directly owned 179,190 shares in the company, valued at approximately $3,266,633.70. The trade was a 70.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Todd Everett sold 25,000 shares of the business's stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $18.07, for a total transaction of $451,750.00. Following the completion of the transaction, the executive vice president owned 96,048 shares of the company's stock, valued at $1,735,587.36. This represents a 20.65% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 1,833,908 shares of company stock worth $32,374,297 in the last quarter. 6.50% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of PBI. Longview Financial Advisors Inc. acquired a new stake in Pitney Bowes in the first quarter valued at approximately $26,000. Hantz Financial Services Inc. increased its position in shares of Pitney Bowes by 190.9% during the fourth quarter. Hantz Financial Services Inc. now owns 3,747 shares of the technology company's stock worth $40,000 after purchasing an additional 2,459 shares in the last quarter. Nykredit A S purchased a new stake in shares of Pitney Bowes during the 2nd quarter valued at $46,000. Public Employees Retirement System of Ohio purchased a new stake in shares of Pitney Bowes during the 2nd quarter valued at $46,000. Finally, Plato Investment Management Ltd acquired a new stake in shares of Pitney Bowes in the 2nd quarter worth $55,000. Institutional investors own 67.88% of the company's stock.

Pitney Bowes Price Performance

Pitney Bowes stock opened at $16.37 on Tuesday. The stock has a market cap of $2.24 billion, a price-to-earnings ratio of 13.42, a price-to-earnings-growth ratio of 0.66 and a beta of 1.64. The firm has a 50-day moving average of $17.14 and a two-hundred day moving average of $15.65. Pitney Bowes has a 1 year low of $8.95 and a 1 year high of $19.07.

Pitney Bowes (NYSE:PBI - Get Free Report) last issued 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. Pitney Bowes had a net margin of 10.04% and a negative return on equity of 31.37%. The business had revenue of $451.50 million for the quarter, compared to analyst estimates of $453.94 million. During the same period last year, the company posted $0.27 earnings per share. The company's quarterly revenue was down 2.4% compared to the same quarter last year. Pitney Bowes has set its FY 2026 guidance at 1.550-1.700 EPS. Research analysts expect that Pitney Bowes will post 1.68 earnings per share for the current year.

Pitney Bowes Dividend Announcement

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

Pitney Bowes Company Profile

Pitney Bowes Inc NYSE: PBI is a global technology, shipping and mailing company that provides solutions for businesses managing physical and digital communications, parcels and mail. Its offerings include mailing and shipping equipment, software, supplies, services and financing options designed to help organizations process, track and deliver items.

The company operates through businesses focused on shipping and mailing technology and presort services. Its products and services include postage meters and other mailroom equipment, cloud-based shipping and mailing software, parcel management tools, address and data services, and outsourced mail processing.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.