Pitney Bowes, Inc (NYSE:PBI) does about 2.24M shares in volume on a normal day but saw 3231621 shares change hands in the recent trading day. The company now has a market cap of 1.90B USD. Its current market price is $10.50, marking an increase of 4.79% compared to the previous close of $10.02. The 52 week high reached by this stock is $11.01 whilst the lowest price level in 52 weeks is $4.62.
The consensus objective for the share price is $17.00, suggesting that the stock has a potential upside of 38.24% over the period.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on April 30, 2021 when Sidoti upgraded the stock to “Buy” and issued a price target of $10.
The current price level is 12.77%, 17.52%, and 29.70% away from its SMA20, SMA50, and SMA200 respectively, with the PBI price moving below the 50-day SMA on current market day. Pitney Bowes, Inc (PBI) stock is up 13.51% over the week and 23.97% over the past month. Its price is 45.03% year-to-date and 107.10% over the past year.
The company’s next earnings report forecasts estimating quarterly EPS at 0.28 and 1.25 for whole year. Expected sales for next quarter are $486.32M, which analysts say will come at $1.97B for the current fiscal year and next year at $1.98B. In addition, estimates put the company’s current quarterly revenue at an average of $475.92M.
To reach the target analysts have set, the stock logically needs to grow 38.24 percent from here.
Outstanding shares total 182.51M with insiders holding 0.95% of the shares and institutional holders owning 71.58% of the company’s common stock. The company has a return on investment of 3.32%. The price to earnings ratio (P/E ratio) amounts to 40.79 while the forward price to earnings ratio is 8.14. The beta has a value of 1.60. Price to sales ratio is 0.83.
