Pitney Bowes Inc. (NYSE:PBI) Receives Average Rating of “Hold” from Analysts

Pitney Bowes Inc. (NYSE:PBI) has been given a consensus recommendation of “Hold” by the six research firms that are covering the company, Marketbeat reports. Four research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $12.00.

Several brokerages recently issued reports on PBI. JMP Securities set a $13.00 price objective on Pitney Bowes in a report on Wednesday, December 3rd. Citigroup started coverage on Pitney Bowes in a research note on Wednesday, December 3rd. They set an “outperform” rating for the company. The Goldman Sachs Group began coverage on shares of Pitney Bowes in a research report on Monday, November 3rd. They issued a “neutral” rating and a $11.00 price objective on the stock. Citizens Jmp initiated coverage on shares of Pitney Bowes in a research note on Wednesday, December 3rd. They issued a “market outperform” rating and a $13.00 price objective on the stock. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Pitney Bowes in a research report on Monday, December 22nd.

Pitney Bowes Trading Up 1.0%

PBI stock opened at $10.75 on Friday. The company’s 50-day moving average price is $10.15 and its 200 day moving average price is $10.97. Pitney Bowes has a 52 week low of $6.88 and a 52 week high of $13.11. The company has a market cap of $1.73 billion, a P/E ratio of 23.88, a P/E/G ratio of 0.55 and a beta of 1.32.

Pitney Bowes (NYSE:PBI) last posted its quarterly earnings results on Wednesday, October 29th. The technology company reported $0.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.01). The company had revenue of $459.68 million for the quarter, compared to analyst estimates of $467.45 million. Pitney Bowes had a net margin of 4.14% and a negative return on equity of 38.38%. Pitney Bowes’s revenue was down 8.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.21 earnings per share. Pitney Bowes has set its FY 2025 guidance at 1.300-1.300 EPS. On average, equities research analysts expect that Pitney Bowes will post 1.21 earnings per share for the current year.

Pitney Bowes Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 8th. Shareholders of record on Monday, November 10th were given a dividend of $0.09 per share. The ex-dividend date of this dividend was Monday, November 10th. This is a positive change from Pitney Bowes’s previous quarterly dividend of $0.08. This represents a $0.36 annualized dividend and a yield of 3.4%. Pitney Bowes’s dividend payout ratio (DPR) is 80.00%.

Institutional Trading of Pitney Bowes

Large investors have recently made changes to their positions in the stock. State Street Corp lifted its holdings in Pitney Bowes by 3.1% in the 2nd quarter. State Street Corp now owns 6,366,188 shares of the technology company’s stock valued at $69,455,000 after purchasing an additional 188,886 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Pitney Bowes by 6.4% during the second quarter. Geode Capital Management LLC now owns 4,012,086 shares of the technology company’s stock valued at $43,777,000 after buying an additional 240,544 shares during the period. Cannell & Spears LLC lifted its stake in shares of Pitney Bowes by 89.5% during the third quarter. Cannell & Spears LLC now owns 3,364,466 shares of the technology company’s stock valued at $38,389,000 after buying an additional 1,588,579 shares during the period. Permit Capital LLC boosted its position in Pitney Bowes by 18.8% during the second quarter. Permit Capital LLC now owns 2,850,000 shares of the technology company’s stock worth $31,094,000 after acquiring an additional 450,000 shares during the last quarter. Finally, Invesco Ltd. grew its stake in Pitney Bowes by 29.5% in the 3rd quarter. Invesco Ltd. now owns 2,622,003 shares of the technology company’s stock worth $29,917,000 after acquiring an additional 597,938 shares during the period. Institutional investors and hedge funds own 67.88% of the company’s stock.

About Pitney Bowes

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.