Pitney Bowes (NYSE:PBI) Upgraded at Zacks Research

Pitney Bowes (NYSE:PBI) was upgraded by equities researchers at Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Monday,Zacks.com reports.

Other analysts also recently issued reports about the company. The Goldman Sachs Group began coverage on Pitney Bowes in a research report on Monday, November 3rd. They set a “neutral” rating and a $11.00 price objective for the company. JMP Securities set a $13.00 price target on shares of Pitney Bowes in a research report on Wednesday, December 3rd. Weiss Ratings reissued a “hold (c)” rating on shares of Pitney Bowes in a research note on Monday. Citizens Jmp assumed coverage on shares of Pitney Bowes in a report on Wednesday, December 3rd. They issued a “market outperform” rating and a $13.00 price objective on the stock. Finally, Citigroup initiated coverage on shares of Pitney Bowes in a report on Wednesday, December 3rd. They issued an “outperform” rating for the company. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $12.00.

Pitney Bowes Stock Performance

PBI stock opened at $10.66 on Monday. Pitney Bowes has a one year low of $6.88 and a one year high of $13.11. The firm has a market cap of $1.71 billion, a PE ratio of 23.68, a PEG ratio of 0.55 and a beta of 1.32. The firm’s 50 day moving average price is $10.12 and its 200-day moving average price is $10.98.

Pitney Bowes (NYSE:PBI) last posted its earnings results on Wednesday, October 29th. The technology company reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate 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 period last year, the business earned $0.21 EPS. Pitney Bowes’s revenue was down 8.0% compared to the same quarter last year. Pitney Bowes has set its FY 2025 guidance at 1.300-1.300 EPS. Equities research analysts predict that Pitney Bowes will post 1.21 EPS for the current fiscal year.

Institutional Investors Weigh In On Pitney Bowes

A number of hedge funds have recently added to or reduced their stakes in the business. CIBC Bancorp USA Inc. acquired a new position in shares of Pitney Bowes in the third quarter worth $210,000. Advisory Services Network LLC boosted its holdings in Pitney Bowes by 2.4% in the third quarter. Advisory Services Network LLC now owns 52,975 shares of the technology company’s stock valued at $604,000 after purchasing an additional 1,234 shares during the period. Harvest Investment Services LLC grew its stake in Pitney Bowes by 116.5% during the 3rd quarter. Harvest Investment Services LLC now owns 349,385 shares of the technology company’s stock worth $3,986,000 after purchasing an additional 188,004 shares in the last quarter. Caxton Associates LLP increased its holdings in Pitney Bowes by 1,996.5% during the 3rd quarter. Caxton Associates LLP now owns 242,632 shares of the technology company’s stock worth $2,768,000 after purchasing an additional 231,059 shares during the period. Finally, XTX Topco Ltd purchased a new stake in Pitney Bowes during the 3rd quarter worth about $1,648,000. 67.88% of the stock is currently owned by institutional investors and hedge funds.

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.