The stock of Pitney Bowes Inc. (NYSE:PBI) hit a new 52-week low and has $13.37 target or 8.00% below today’s $14.53 share price. The 6 months bearish chart indicates high risk for the $2.66 billion company. The 1-year low was reported on Nov, 1 by Barchart.com. If the $13.37 price target is reached, the company will be worth $212.80 million less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 7.73 million shares traded hands or 596.40% up from the average. Pitney Bowes Inc. (NYSE:PBI) has declined 15.93% since March 30, 2016 and is downtrending. It has underperformed by 18.94% the S&P500.
Analysts await Pitney Bowes Inc. (NYSE:PBI) to report earnings on November, 3. They expect $0.47 earnings per share, up 9.30% or $0.04 from last year’s $0.43 per share. PBI’s profit will be $86.04M for 7.73 P/E if the $0.47 EPS becomes a reality. After $0.39 actual earnings per share reported by Pitney Bowes Inc. for the previous quarter, Wall Street now forecasts 20.51% EPS growth.
Pitney Bowes Inc. (NYSE:PBI) Ratings Coverage
Out of 2 analysts covering Pitney Bowes (NYSE:PBI), 1 rate it a “Buy”, 1 “Sell”, while 0 “Hold”. This means 50% are positive. Pitney Bowes has been the topic of 3 analyst reports since September 1, 2015 according to StockzIntelligence Inc. Brean Capital maintained Pitney Bowes Inc. (NYSE:PBI) rating on Thursday, September 17. Brean Capital has “Buy” rating and $30 price target. The company was upgraded on Tuesday, September 1 by Zacks. Zacks downgraded Pitney Bowes Inc. (NYSE:PBI) on Monday, September 7 to “Sell” rating.
According to Zacks Investment Research, “Pitney Bowes, Inc. operates in three reportable segments: Mailing and Integrated Logistics, Office Solutions and Capital Services. The company operates in the United States and outside the U.S. Mailing and Integrated Logistics includes revenues from the rental of postage meters and the sale and financing of mailing equipment. Office Solutions includes revenues from the sale, financing, rental and service of reprographic and facsimile equipment. Capital Services provides large-ticket financing and fee-based programs covering a broad range of products and other financial services.”
Insitutional Activity: The institutional sentiment increased to 1.04 in 2016 Q2. Its up 0.33, from 0.71 in 2016Q1. The ratio improved, as 35 funds sold all Pitney Bowes Inc. shares owned while 105 reduced positions. 48 funds bought stakes while 97 increased positions. They now own 149.82 million shares or 3.97% less from 156.00 million shares in 2016Q1.
Janus Capital Limited Liability Co, a Colorado-based fund reported 462,800 shares. Highbridge Cap Management Limited Liability Corp accumulated 98,040 shares or 0.03% of the stock. Carroll Associate last reported 813 shares in the company. Kistler last reported 0.01% of its portfolio in the stock. State Board Of Administration Of Florida Retirement, a Florida-based fund reported 307,676 shares. The New York-based Lazard Asset Mgmt Lc has invested 0% in Pitney Bowes Inc. (NYSE:PBI). Somerset Tru Com reported 43,941 shares or 0.48% of all its holdings. M&R Capital Mngmt accumulated 2,000 shares or 0.01% of the stock. Clinton Grp last reported 0.18% of its portfolio in the stock. Kanaly Trust Com reported 376 shares or 0% of all its holdings. Susquehanna Intl Gp Llp has 0% invested in the company for 35,400 shares. Hbk Limited Partnership last reported 193,259 shares in the company. Fmr Ltd Liability last reported 0% of its portfolio in the stock. North Star Investment Corp holds 0.01% of its portfolio in Pitney Bowes Inc. (NYSE:PBI) for 3,965 shares. Sawtooth Asset Management reported 40,910 shares or 0.39% of all its holdings.
More notable recent Pitney Bowes Inc. (NYSE:PBI) news were published by: Fool.com which released: “Why Shares of Pitney Bowes Inc. Tumbled Today” on November 01, 2016, also Reuters.com with their article: “BRIEF-Pitney Bowes Q3 adjusted earnings $0.44/shr” published on November 01, 2016, Fool.com published: “Pitney Bowes Inc. and RetailMeNot Inc. Dive As Stocks Fall” on May 03, 2016. More interesting news about Pitney Bowes Inc. (NYSE:PBI) were released by: Forbes.com and their article: “Pitney Bowes Becomes Oversold (PBI)” published on September 14, 2016 as well as Moodys.com‘s news article titled: “Moody’s downgrades Pitney Bowes debt to Baa3 from Baa2; outlook stable” with publication date: September 08, 2016.
PBI Company Profile
Pitney Bowes Inc., incorporated on April 23, 1920, is a global technology company. The Firm offers customer information management, location intelligence, and customer engagement products and solutions to help clients market to their customers, and shipping and mailing, and cross border e-commerce products and solutions that enable the sending of parcels and packages across the globe. The Company’s business is organized around three sets of solutions, which include small and medium business (SMB) Solutions, enterprise business solutions and digital commerce solutions (DCS). The Company’s DCS business includes Software Solutions and Global Ecommerce divisions. The Company’s Others segment consists of Imagitas. The Firm markets services and products through sales force, direct mailings, telemarketing, independent dealers and distributors and Web channels. It sells products to business, governmental, institutional and other organizations. The Firm conducts research and development, manufacturing and assembly, product management, information technology (IT) and other activities at the global technology center located in Danbury, Connecticut.
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