Shares of Pitney Bowes Inc. (NYSE:PBI) have earned a consensus recommendation of “Hold” from the six analysts that are presently covering the firm, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $20.00.

A number of analysts have recently commented on the company. Zacks Investment Research lowered Pitney Bowes from a “buy” rating to a “hold” rating in a report on Tuesday, July 11th. BidaskClub lowered Pitney Bowes from a “buy” rating to a “hold” rating in a report on Friday, June 23rd. ValuEngine lowered Pitney Bowes from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Finally, Sidoti lowered Pitney Bowes from a “buy” rating to a “neutral” rating in a report on Monday, May 15th.

COPYRIGHT VIOLATION WARNING: This news story was originally posted by American Banking News and is the sole property of of American Banking News. If you are reading this news story on another domain, it was illegally stolen and republished in violation of U.S. & international copyright legislation. The original version of this news story can be read at https://www.americanbankingnews.com/2017/07/18/pitney-bowes-inc-pbi-given-consensus-recommendation-of-hold-by-brokerages.html.

Shares of Pitney Bowes (PBI) traded up 0.26% on Tuesday, reaching $15.54. The company’s stock had a trading volume of 1,316,020 shares. The company’s 50 day moving average is $15.23 and its 200-day moving average is $14.49. The stock has a market cap of $2.90 billion, a PE ratio of 29.16 and a beta of 1.16. Pitney Bowes has a 1-year low of $12.31 and a 1-year high of $19.33.

Pitney Bowes (NYSE:PBI) last issued its quarterly earnings results on Tuesday, May 2nd. The technology company reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.02. The company had revenue of $836.60 million for the quarter, compared to analyst estimates of $817.07 million. Pitney Bowes had a return on equity of 2,282.68% and a net margin of 3.28%. The company’s quarterly revenue was down .9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.34 earnings per share. On average, equities analysts predict that Pitney Bowes will post $1.74 earnings per share for the current fiscal year.

In other news, Director Linda S. Sanford purchased 5,000 shares of the business’s stock in a transaction dated Wednesday, May 17th. The shares were bought at an average cost of $15.09 per share, for a total transaction of $75,450.00. Following the completion of the acquisition, the director now directly owns 18,690 shares in the company, valued at approximately $282,032.10. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 2.01% of the company’s stock.

Hedge funds have recently modified their holdings of the stock. Louisiana State Employees Retirement System raised its stake in shares of Pitney Bowes by 3.4% in the second quarter. Louisiana State Employees Retirement System now owns 48,700 shares of the technology company’s stock worth $735,000 after buying an additional 1,600 shares during the period. Nisa Investment Advisors LLC raised its stake in shares of Pitney Bowes by 16.0% in the second quarter. Nisa Investment Advisors LLC now owns 23,900 shares of the technology company’s stock worth $356,000 after buying an additional 3,300 shares during the period. LS Investment Advisors LLC raised its stake in shares of Pitney Bowes by 14.6% in the second quarter. LS Investment Advisors LLC now owns 20,621 shares of the technology company’s stock worth $311,000 after buying an additional 2,626 shares during the period. Creative Planning raised its stake in shares of Pitney Bowes by 30.2% in the second quarter. Creative Planning now owns 30,156 shares of the technology company’s stock worth $455,000 after buying an additional 6,990 shares during the period. Finally, Berson & Corrado Investment Advisors LLC raised its stake in shares of Pitney Bowes by 1.1% in the second quarter. Berson & Corrado Investment Advisors LLC now owns 240,029 shares of the technology company’s stock worth $3,624,000 after buying an additional 2,603 shares during the period. Institutional investors own 77.96% 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.

Receive News & Ratings for Pitney Bowes Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pitney Bowes Inc. and related companies with MarketBeat.com's FREE daily email newsletter.