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

Shares of Pitney Bowes Inc. (NYSE:PBI) have received an average rating of “Moderate Buy” from the seven ratings firms that are presently covering the company, Marketbeat.com reports. Four investment analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $12.00.

Several research firms have commented on PBI. The Goldman Sachs Group initiated coverage on shares of Pitney Bowes in a research note on Monday, November 3rd. They set a “neutral” rating and a $11.00 price objective for the company. Citizens Jmp began coverage on shares of Pitney Bowes in a report on Wednesday, December 3rd. They issued a “market outperform” rating and a $13.00 target price for the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Pitney Bowes in a report on Monday, December 29th. Truist Financial started coverage on shares of Pitney Bowes in a research report on Friday, December 12th. They issued a “hold” rating and a $11.00 price objective on the stock. Finally, Zacks Research raised shares of Pitney Bowes from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 29th.

Pitney Bowes Price Performance

Shares of PBI stock opened at $10.29 on Thursday. The company has a market cap of $1.66 billion, a PE ratio of 22.86, a price-to-earnings-growth ratio of 0.48 and a beta of 1.30. Pitney Bowes has a 1 year low of $7.39 and a 1 year high of $13.11. The stock’s 50 day simple moving average is $10.20 and its two-hundred day simple moving average is $10.92.

Pitney Bowes (NYSE:PBI) last announced its 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). Pitney Bowes had a negative return on equity of 38.38% and a net margin of 4.14%.The company had revenue of $459.68 million during the quarter, compared to analysts’ expectations of $467.45 million. During the same quarter last year, the firm posted $0.21 EPS. Pitney Bowes’s revenue for the quarter 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 expect that Pitney Bowes will post 1.21 EPS for the current year.

Pitney Bowes Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 8th. Investors of record on Monday, November 10th were paid a dividend of $0.09 per share. The ex-dividend date of this dividend was Monday, November 10th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 3.5%. This is an increase from Pitney Bowes’s previous quarterly dividend of $0.08. Pitney Bowes’s dividend payout ratio is 80.00%.

Hedge Funds Weigh In On Pitney Bowes

Several hedge funds have recently bought and sold shares of the business. State Street Corp lifted its position in shares of Pitney Bowes by 3.1% during the second quarter. State Street Corp now owns 6,366,188 shares of the technology company’s stock worth $69,455,000 after purchasing an additional 188,886 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Pitney Bowes by 6.4% in the second quarter. Geode Capital Management LLC now owns 4,012,086 shares of the technology company’s stock worth $43,777,000 after purchasing an additional 240,544 shares during the last quarter. Cannell & Spears LLC increased its stake in 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 during the period. Permit Capital LLC lifted its holdings in Pitney Bowes by 18.8% during the 2nd quarter. Permit Capital LLC now owns 2,850,000 shares of the technology company’s stock valued at $31,094,000 after buying an additional 450,000 shares in the last quarter. Finally, Invesco Ltd. lifted its holdings in Pitney Bowes by 29.5% during the 3rd quarter. Invesco Ltd. now owns 2,622,003 shares of the technology company’s stock valued at $29,917,000 after buying an additional 597,938 shares in the last quarter. Institutional investors 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.