Loop Capital Markets analyst Ananda Baruah maintained a Hold rating on Pitney Bowes (PBI – Research Report) today and set a price target of $3.00. The company’s shares closed last Friday at $3.00.
Baruah covers the Technology sector, focusing on stocks such as Mobileye Global, Inc. Class A, Apple, and Cirrus Logic. According to TipRanks, Baruah has an average return of 5.9% and a 53.30% success rate on recommended stocks.
Currently, the analyst consensus on Pitney Bowes is a Hold with an average price target of $3.00.
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PBI market cap is currently $525.9M and has a P/E ratio of 64.38.
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Pitney Bowes, Inc. is a technology company, which engages in the provision of products and solutions in the commerce industry. It operates through the following segments: Global Ecommerce, Presort Services, and SendTech Solutions. The Global Ecommerce segment includes products and services that facilitate domestic retail and ecommerce shipping solutions, including fulfillment and returns, and global cross-border ecommerce transactions. The Presort Services segment includes sortation services to qualify large volumes of first class mail, marketing mail and bound and packet mail for postal worksharing discounts. The SendTech Solutions segment includes physical and digital mailing and shipping solutions, financing, services, supplies and other applications to help simplify and save on the sending, tracking and receiving of letters and packages. The company was founded by Arthur H. Pitney and Walter Bowes on April 23, 1920 and is headquartered in Stamford, CT.
Read More on PBI:
- Pitney Bowes (PBI) Q1 Earnings Cheat Sheet
- Hestia highlights recent support from proxy firms for boardroom change
- independent Pitney Bowes directors Brill and Thomas issue letter to shareholders
- Pitney Bowes comments on Glass Lewis recommendation
- Pitney Bowes ‘strongly disagrees with ISS’ voting recommendation’
