Analysts Set Pitney Bowes Inc. (NYSE:PBI) Target Price at $12.00

Pitney Bowes Inc. (NYSE:PBI) has been given an average recommendation of “Hold” by the six analysts that are presently covering the firm, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $12.00.

Several equities research analysts recently weighed in on the stock. Citigroup began coverage on shares of Pitney Bowes in a research note on Wednesday, December 3rd. They issued an “outperform” rating for the company. The Goldman Sachs Group began coverage on Pitney Bowes in a report on Monday, November 3rd. They issued a “neutral” rating and a $11.00 price target for the company. Citizens Jmp started coverage on Pitney Bowes in a report on Wednesday, December 3rd. They set a “market outperform” rating and a $13.00 price objective on the stock. JMP Securities set a $13.00 target price on Pitney Bowes in a research note on Wednesday, December 3rd. Finally, Truist Financial assumed coverage on Pitney Bowes in a research report on Friday, December 12th. They issued a “hold” rating and a $11.00 target price for the company.

Pitney Bowes Trading Down 0.4%

Shares of Pitney Bowes stock opened at $10.66 on Friday. Pitney Bowes has a 1 year low of $6.88 and a 1 year high of $13.11. The company’s fifty day simple moving average is $10.12 and its 200-day simple moving average is $10.98. The company has a market cap of $1.71 billion, a price-to-earnings ratio of 23.68, a PEG ratio of 0.55 and a beta of 1.32.

Pitney Bowes (NYSE:PBI) last released its earnings results on Wednesday, October 29th. The technology company reported $0.31 EPS for the quarter, missing the consensus estimate 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 for the quarter was down 8.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.21 earnings per share. Pitney Bowes has set its FY 2025 guidance at 1.300-1.300 EPS. As a group, research analysts forecast that Pitney Bowes will post 1.21 earnings per share for the current fiscal year.

Pitney Bowes Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 8th. Stockholders of record on Monday, November 10th were issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 3.4%. 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 80.00%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Cannell & Spears LLC raised its holdings in shares of Pitney Bowes by 89.5% in the 3rd quarter. Cannell & Spears LLC now owns 3,364,466 shares of the technology company’s stock worth $38,389,000 after buying an additional 1,588,579 shares in the last quarter. Alyeska Investment Group L.P. bought a new stake in Pitney Bowes in the first quarter valued at $11,032,000. LSV Asset Management acquired a new position in Pitney Bowes during the third quarter worth $13,812,000. Hennessy Advisors Inc. bought a new position in shares of Pitney Bowes during the second quarter valued at $12,660,000. Finally, Cibc World Market Inc. boosted its stake in shares of Pitney Bowes by 2,724.6% in the 3rd quarter. Cibc World Market Inc. now owns 836,071 shares of the technology company’s stock valued at $9,540,000 after purchasing an additional 806,471 shares in the last quarter. 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.