Pitney Bowes Inc. (NYSE:PBI) has been given an average recommendation of “Hold” by the six research firms that are presently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and one has given a buy recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $14.50.

Several research firms have recently weighed in on PBI. Zacks Investment Research downgraded Pitney Bowes from a “hold” rating to a “strong sell” rating in a research note on Monday, November 6th. Loop Capital cut their price target on Pitney Bowes from $14.00 to $12.00 and set a “hold” rating for the company in a research note on Thursday, November 2nd. Finally, ValuEngine downgraded Pitney Bowes from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st.

Several hedge funds have recently bought and sold shares of PBI. Sirios Capital Management L P bought a new position in shares of Pitney Bowes during the 3rd quarter worth $45,044,000. Miller Howard Investments Inc. NY grew its stake in shares of Pitney Bowes by 32.9% during the 3rd quarter. Miller Howard Investments Inc. NY now owns 5,092,853 shares of the technology company’s stock worth $71,351,000 after acquiring an additional 1,259,978 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Pitney Bowes by 93.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,110,043 shares of the technology company’s stock worth $31,863,000 after acquiring an additional 1,019,942 shares during the period. Cornerstone Capital Management Holdings LLC. grew its stake in shares of Pitney Bowes by 340.9% during the 2nd quarter. Cornerstone Capital Management Holdings LLC. now owns 1,134,726 shares of the technology company’s stock worth $17,133,000 after acquiring an additional 877,342 shares during the period. Finally, State of New Jersey Common Pension Fund D bought a new position in shares of Pitney Bowes during the 3rd quarter worth $11,208,000. Institutional investors own 73.74% of the company’s stock.

Shares of Pitney Bowes (PBI) traded down $0.18 during trading on Tuesday, hitting $13.18. The stock had a trading volume of 4,301,942 shares, compared to its average volume of 1,962,176. Pitney Bowes has a 1 year low of $9.50 and a 1 year high of $16.60. The stock has a market cap of $2,461.07, a price-to-earnings ratio of 27.46 and a beta of 1.11. The company has a current ratio of 1.42, a quick ratio of 1.37 and a debt-to-equity ratio of 35.49.

Pitney Bowes (NYSE:PBI) last announced its earnings results on Wednesday, November 1st. The technology company reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.10). Pitney Bowes had a net margin of 2.64% and a negative return on equity of 5,297.85%. The business had revenue of $842.82 million for the quarter, compared to analysts’ expectations of $837.60 million. During the same period in the prior year, the business earned $0.44 earnings per share. The company’s revenue for the quarter was up .5% compared to the same quarter last year. equities analysts forecast that Pitney Bowes will post 1.38 EPS for the current fiscal year.

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About Pitney Bowes

Pitney Bowes Inc is a global technology company. The Company offers customer information management, location intelligence and customer engagement products and solutions to help its clients market to their customers, and shipping, mailing, and cross border e-commerce products and solutions that enable the sending of parcels and packages across the globe.

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