Pitney Bowes Inc. (NYSE:PBI) had its price objective lowered by stock analysts at Loop Capital from $14.00 to $12.00 in a research report issued to clients and investors on Thursday. The brokerage presently has a “hold” rating on the technology company’s stock. Loop Capital’s price objective points to a potential downside of 12.66% from the stock’s previous close.

Other equities analysts have also issued research reports about the company. Zacks Investment Research lowered Pitney Bowes from a “buy” rating to a “hold” rating in a research report on Tuesday, July 11th. Cross Research lowered Pitney Bowes from a “hold” rating to a “sell” rating in a research report on Wednesday, August 2nd. BidaskClub lowered Pitney Bowes from a “hold” rating to a “sell” rating in a research report on Wednesday, August 2nd. ValuEngine raised Pitney Bowes from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Finally, Sidoti raised Pitney Bowes from a “neutral” rating to a “buy” rating and set a $17.00 price objective for the company in a research report on Wednesday, August 2nd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $16.33.

Pitney Bowes (NYSE:PBI) last announced its quarterly earnings data on Wednesday, November 1st. The technology company reported $0.33 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.10). The firm had revenue of $842.82 million for the quarter, compared to analysts’ expectations of $837.60 million. Pitney Bowes had a net margin of 3.02% and a return on equity of 15,666.66%. The business’s quarterly revenue was up .5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.44 EPS.

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A number of institutional investors have recently made changes to their positions in the business. Prudential Financial Inc. lifted its position in Pitney Bowes by 1.8% during the third quarter. Prudential Financial Inc. now owns 1,508,085 shares of the technology company’s stock valued at $21,128,000 after buying an additional 26,085 shares during the period. Brookstone Capital Management raised its position in shares of Pitney Bowes by 40.2% in the 3rd quarter. Brookstone Capital Management now owns 26,243 shares of the technology company’s stock worth $368,000 after purchasing an additional 7,524 shares during the last quarter. Wedge Capital Management L L P NC raised its position in shares of Pitney Bowes by 4.5% in the 3rd quarter. Wedge Capital Management L L P NC now owns 1,609,910 shares of the technology company’s stock worth $22,555,000 after purchasing an additional 69,253 shares during the last quarter. Miller Howard Investments Inc. NY raised its position in shares of Pitney Bowes by 32.9% in the 3rd quarter. Miller Howard Investments Inc. NY now owns 5,092,853 shares of the technology company’s stock worth $71,351,000 after purchasing an additional 1,259,978 shares during the last quarter. Finally, Tocqueville Asset Management L.P. raised its position in shares of Pitney Bowes by 33.1% in the 3rd quarter. Tocqueville Asset Management L.P. now owns 689,551 shares of the technology company’s stock worth $9,661,000 after purchasing an additional 171,300 shares during the last quarter. 76.41% of the stock is owned by institutional investors and hedge funds.

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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