Pitney Bowes (PBI) : 3 brokerage houses believe that Pitney Bowes (PBI) is a Strong Buy at current levels. 1 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Pitney Bowes (PBI). Zacks Investment Research suggests a Sell with a rank of 4.The median of all the 4 Wall Street Analysts endorse the stock as a Strong Buy with a rating of 1.5.
Pitney Bowes (PBI) : Average target price received by Pitney Bowes (PBI) is $24.5 with an expected standard deviation of $3.42. The most aggressive target on the stock is $28, whereas the most downbeat target is $20. 4 financial analysts are currently covering the stock.
For the current week, the company shares have a recommendation consensus of Buy. Pitney Bowes (NYSE:PBI): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $18.48 and $18.40 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $18.56. The buying momentum continued till the end and the stock did not give up its gains. It closed at $18.47, notching a gain of 0.27% for the day. The total traded volume was 995,232 . The stock had closed at $18.42 on the previous day.
In a related news, Lautenbach Marc Bradley, CEO of Pitney Bowes Inc /De/, had purchased 12,007 shares on October 30, 2015. The total value of the transaction was $249,866. The information was disclosed with the SEC in a Form 4 Filing. The information is based on open market trades at the market prices.Option exercises are not covered.
Pitney Bowes Inc. is a provider of technology solutions. The Company offers solutions for direct mail, transactional mail, customer engagement management and analytics, and e-commerce parcel management, along with digital channel messaging for the Web, e-mail and mobile applications. The Companys business is organized around three sets of solutions: small and medium business (SMB) Solutions, enterprise business solutions and digital commerce solutions (DCS). Its Enterprise Business Solutions includes equipment and services to process inbound and outbound mail. Its SMB Solutions provides a range of mailing equipment and postage meters, maintenance, and support services and supplies. Its DCS provides a range of software solutions, customer engagement and communication solutions, data management products and solutions, e-commerce parcel management solutions and targeted direct marketing programs. Its subsidiaries include The Pitney Bowes Bank (the Bank) and Borderfree, Inc.