Pitney Bowes Inc. (NYSE:PBI) Given Average Rating of “Moderate Buy” by Brokerages

Pitney Bowes Inc. (NYSE:PBI) has received a consensus recommendation of “Moderate Buy” from the seven analysts that are currently covering the company, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation, two have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $12.00.

PBI has been the topic of a number of analyst reports. Weiss Ratings reissued a “hold (c)” rating on shares of Pitney Bowes in a research note on Monday, December 29th. Zacks Research raised Pitney Bowes from a “hold” rating to a “strong-buy” rating in a report on Monday, December 29th. Citizens Jmp began coverage on Pitney Bowes in a report on Wednesday, December 3rd. They issued a “market outperform” rating and a $13.00 target price for the company. Citigroup initiated coverage on Pitney Bowes in a research report on Wednesday, December 3rd. They set an “outperform” rating for the company. Finally, The Goldman Sachs Group initiated coverage on Pitney Bowes in a research report on Monday, November 3rd. They issued a “neutral” rating and a $11.00 price target on the stock.

Pitney Bowes Trading Up 2.0%

PBI opened at $10.19 on Thursday. The stock’s 50 day simple moving average is $10.14 and its 200-day simple moving average is $10.94. The stock has a market cap of $1.64 billion, a PE ratio of 22.64, a P/E/G ratio of 0.47 and a beta of 1.30. Pitney Bowes has a 1 year low of $7.30 and a 1 year high of $13.11.

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

Pitney Bowes Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 8th. Stockholders of record on Monday, November 10th were issued a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 3.5%. 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. Pitney Bowes’s payout ratio is currently 80.00%.

Hedge Funds Weigh In On Pitney Bowes

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC increased its holdings in shares of Pitney Bowes by 41.3% during the second quarter. EverSource Wealth Advisors LLC now owns 3,472 shares of the technology company’s stock worth $38,000 after buying an additional 1,015 shares in the last quarter. Elevation Point Wealth Partners LLC bought a new stake in Pitney Bowes during the 2nd quarter worth approximately $51,000. Canada Pension Plan Investment Board bought a new stake in Pitney Bowes during the 2nd quarter worth approximately $51,000. United Services Automobile Association acquired a new stake in Pitney Bowes during the 1st quarter valued at $96,000. Finally, PFG Investments LLC bought a new position in Pitney Bowes in the 3rd quarter valued at $127,000. 67.88% of the stock is currently owned by institutional investors and hedge funds.

Pitney Bowes Company Profile

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.