Zacks Research Upgrades Pitney Bowes (NYSE:PBI) to “Strong-Buy”

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

Other analysts have also issued research reports about the stock. Truist Financial assumed coverage on shares of Pitney Bowes in a research report on Friday, December 12th. They set a “hold” rating and a $11.00 price target on the stock. JMP Securities set a $13.00 target price on Pitney Bowes in a report on Wednesday, December 3rd. The Goldman Sachs Group initiated coverage on Pitney Bowes in a research note on Monday, November 3rd. They issued a “neutral” rating and a $11.00 price target on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Pitney Bowes in a report on Monday. Finally, Citigroup initiated coverage on Pitney Bowes in a research note on Wednesday, December 3rd. They issued an “outperform” rating on the stock. One research 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 company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $12.00.

Pitney Bowes Stock Performance

NYSE:PBI opened at $10.66 on Monday. 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 has a fifty-two week low of $6.88 and a fifty-two week high of $13.11. The stock has a fifty day moving average price of $10.12 and a 200-day moving average price of $10.98.

Pitney Bowes (NYSE:PBI) last posted its quarterly earnings results on Wednesday, October 29th. The technology company reported $0.31 EPS for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.01). The company had revenue of $459.68 million during 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%. The firm’s revenue for the quarter was down 8.0% compared to the same quarter last year. During the same period last year, the firm earned $0.21 EPS. Pitney Bowes has set its FY 2025 guidance at 1.300-1.300 EPS. 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 institutional investors have recently added to or reduced their stakes in the business. CIBC Bancorp USA Inc. bought a new position in shares of Pitney Bowes during the third quarter valued at $210,000. Advisory Services Network LLC raised its position in Pitney Bowes by 2.4% during the 3rd quarter. Advisory Services Network LLC now owns 52,975 shares of the technology company’s stock worth $604,000 after purchasing an additional 1,234 shares during the last quarter. Harvest Investment Services LLC lifted its holdings 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 buying an additional 188,004 shares during the period. Caxton Associates LLP grew its position in shares of Pitney Bowes by 1,996.5% in the 3rd quarter. Caxton Associates LLP now owns 242,632 shares of the technology company’s stock valued at $2,768,000 after buying an additional 231,059 shares during the last quarter. Finally, XTX Topco Ltd acquired a new stake in shares of Pitney Bowes in the third quarter valued at about $1,648,000. 67.88% of the stock is owned by institutional investors.

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.