Pitney Bowes Inc. with ticker code (PBI) have now 2 market analysts covering the stock. The analyst consensus now points to a rating of ‘Buy’. The range between the high target price and low target price is between 6 and 4.65 calculating the average target price we see $5.33. Given that the stocks previous close was at $3.82 this would indicate that there is a potential upside of 39.5%. The 50 day moving average now sits at $3.97 and the 200 day moving average is $3.60. The market cap for the company is $656m. You can visit the company’s website by visiting: https://www.pitneybowes.com
The potential market cap would be $915m based on the market consensus.
Pitney Bowes Inc., a shipping and mailing company, provides technology, logistics, and financial services to small and medium-sized businesses, large enterprises, retailers, and government clients in the United States, Canada, and internationally. It operates through Global Ecommerce, Presort Services, and Sending Technology Solutions (SendTech Solutions) segments. The Global Ecommerce segment provides domestic parcel services, cross-border solutions, and digital delivery services. The Presort Services segment offers mail sortation services, which allow clients to qualify volumes of first-class mail, marketing mail, and bound and packet mail for postal work sharing discounts. The SendTech Solutions segment provides physical and digital mailing and shipping technology solutions and other applications for sending, tracking and receiving of letters, parcels, and flats as well as financing alternatives to finance equipment and product purchases. Pitney Bowes Inc. markets its products, solutions, and services through direct and inside sales force, global and regional partner channels, direct mailings, and digital channels. The company was formerly known as Pitney Bowes Postage Meter Company. Pitney Bowes Inc. was incorporated in 1920 and is headquartered in Stamford, Connecticut.
The company has a dividend yield of 5.24% with the ex dividend date set at 16-2-2023 (DMY).
Other points of data to note are a P/E ratio of 17.81, revenue per share of 20.34 and a 1.64% return on assets.
