Pitney Bowes Inc. (NYSE:PBI) registered a 1.40% increase, still its new closing price is 13.39% up from the company’s 1 year high of 21.10.It posted -0.81% losses in previous 5 sessions and is now the subject of 2 analysts who together assign a hold rating on stock. 0 of Wall Street analysts have an underperform rating; the 0 sells versus 4 buy or better ratings. The 6 stock analysts following this company have an average price target at $19.17, with individual PT in the $15.00-$22.00 range. The shares moved at $15.92, implying that brokerage firms see shares losing about -14.44% in twelve months time.
Pitney Bowes Inc. (PBI) SEC Form 4 News
The stock is getting much attention these days as insiders are adding shares while they posted a 4.81% rise year to date. A EVP & Pres Software Solutions at Pitney Bowes Inc. (PBI) acquired shares in a transaction closed on Friday November 18, 2016. Guidotti Robert bought 3,405 shares in the company at $14.7 each and collected $50,000 in proceeds. Guidotti Robert now owns 3,405 shares in the company after this transaction. A EVP/Chief Legal & Compliance in the company, Goldstein Daniel J, disclosed a transaction on Wednesday November 02, 2016 that ended up paying $24,001 from the purchase of 1,670 shares at $14.79 per share.
Pitney Bowes Inc. (NYSE:PBI) Upcoming Results on Tap
Pitney Bowes Inc. will next provide financial results for the March 2017 quarter. Stock analysts expect it to report per-share earnings of $0.43 in that period. Sales during the quarter are predicted to arrive at $828.94 million.
Earnings surprise history: Last quarter, the company posted approximately $839.03 million in revenue and EPS of $0.44. The mean forecast was for $851.82 million and $0.46 a share, respectively. One quarter earlier, revenue for the stock was at $835.89 million, with earnings at $0.39/share.
Pitney Bowes Inc. (PBI) Brokerage Update
Pitney Bowes Inc. (PBI) is in Brean Capital’s research list so their analyst rating change is noteworthy. These shares were upgraded to Buy from Hold by Brean Capital, according to news reported on Monday July 28, 2014.Another important research note was issued by Brean Murray on Thursday September 17, 2009.The firm upgraded PBI to Buy from Hold. Over the last six months and over the last three months, the shares of Pitney Bowes Inc. (PBI), have changed -14.54% and -10.87%, respectively.