Pitney Bowes (NYSE:PBI) Upgraded by ValuEngine to “Sell”

Pitney Bowes (NYSE:PBI) was upgraded by stock analysts at ValuEngine from a “strong sell” rating to a “sell” rating in a report released on Tuesday, ValuEngine reports.

Other analysts have also issued reports about the company. Zacks Investment Research upgraded Pitney Bowes from a “sell” rating to a “hold” rating in a research report on Wednesday, April 10th. Maxim Group set a $9.00 price objective on Pitney Bowes and gave the stock a “buy” rating in a research report on Friday, May 31st.

PBI stock traded up $0.61 during midday trading on Tuesday, reaching $4.16. The stock had a trading volume of 8,379,165 shares, compared to its average volume of 3,484,428. The business’s fifty day moving average price is $4.08. The company has a current ratio of 1.25, a quick ratio of 1.22 and a debt-to-equity ratio of 35.45. The company has a market capitalization of $641.59 million, a price-to-earnings ratio of 3.59 and a beta of 1.92. Pitney Bowes has a twelve month low of $3.29 and a twelve month high of $8.56.

Pitney Bowes (NYSE:PBI) last announced its quarterly earnings data on Tuesday, August 6th. The technology company reported $0.21 EPS for the quarter, topping the Zacks’ consensus estimate of $0.17 by $0.04. The firm had revenue of $860.78 million during the quarter, compared to analyst estimates of $861.66 million. Pitney Bowes had a return on equity of 99.26% and a net margin of 4.77%. The company’s revenue was down .5% on a year-over-year basis. During the same period last year, the company earned $0.28 earnings per share. Equities analysts anticipate that Pitney Bowes will post 0.9 EPS for the current year.

In related news, Director Robert M. Dutkowsky bought 10,000 shares of the firm’s stock in a transaction dated Thursday, May 9th. The stock was bought at an average cost of $5.22 per share, for a total transaction of $52,200.00. Following the transaction, the director now owns 10,000 shares of the company’s stock, valued at $52,200. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 3.20% of the stock is owned by company insiders.

Several institutional investors have recently bought and sold shares of the company. Stone Ridge Asset Management LLC increased its holdings in shares of Pitney Bowes by 1,137.4% during the 2nd quarter. Stone Ridge Asset Management LLC now owns 238,581 shares of the technology company’s stock worth $1,021,000 after acquiring an additional 219,300 shares during the last quarter. Personal Resources Investment & Strategic Management Inc. grew its holdings in shares of Pitney Bowes by 29.0% during the 2nd quarter. Personal Resources Investment & Strategic Management Inc. now owns 429,278 shares of the technology company’s stock worth $1,837,000 after purchasing an additional 96,428 shares in the last quarter. Alpine Woods Capital Investors LLC grew its holdings in shares of Pitney Bowes by 1.7% during the 2nd quarter. Alpine Woods Capital Investors LLC now owns 175,850 shares of the technology company’s stock worth $753,000 after purchasing an additional 3,000 shares in the last quarter. Homrich & Berg acquired a new stake in shares of Pitney Bowes during the 2nd quarter worth $53,000. Finally, CIBC Asset Management Inc acquired a new stake in shares of Pitney Bowes during the 2nd quarter worth $103,000. Institutional investors own 74.11% of the company’s stock.

About Pitney Bowes

Pitney Bowes Inc offers customer information management, location intelligence, and customer engagement products and solutions in the United States and internationally. The company operates in three segments: Commerce Services; Small & Medium Business Solutions; and Software Solutions. The Commerce Services segment provides cross-border e-commerce solutions, domestic retail and e-commerce shipping solutions, fulfillment, and delivery and return services; and mail sortation services that allow clients to qualify large volumes of first class mail, marketing mail, and bound and packet mail for postal work sharing discounts.

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