Pitney Bowes Inc. which can be found using ticker (PBI) have now 2 confirmed analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price High/Low ranges between 6 and 4.65 calculating the average target price we see $5.33. Given that the stocks previous close was at $3.68 this is indicating there is a potential upside of 44.8%. It’s also worth noting that there is a 50 day moving average of $4.04 and the 200 moving average now moves to $3.60. The company has a market capitalization of $663m. Visit the company website at: https://www.pitneybowes.com
The potential market cap would be $960m 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 5.43% with the ex dividend date set at 16-2-2023 (DMY).
Other points of data to note are a P/E ratio of 18, revenue per share of 20.34 and a 1.64% return on assets.
