Analyst Price Target Update on Pitney Bowes (NYSE:PBI)

Pitney Bowes (NYSE:PBI): 4 Brokerage firm Analysts have agreed with the mean estimate for the short term price target of $24.5 in Pitney Bowes (NYSE:PBI). However, the stock price could fluctuate by $ 3.42 from the estimate as it is suggested by the standard deviation reading. The higher estimate has been put at $28 price target with the lower price estimate is calculated at $20

For the current week, the company shares have a recommendation consensus of Buy.

On the companys insider trading activities, Lautenbach Marc Bradley, CEO of Pitney Bowes Inc /De/, executed a transaction worth $249,866 on October 30, 2015. A total of 12,007 shares were purchased at an average price of $20.81. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.

Pitney Bowes (NYSE:PBI) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.31 points or 1.67% at $18.26 with 1,088,901 shares getting traded. Post opening the session at $18.48, the shares hit an intraday low of $18.23 and an intraday high of $18.61 and the price was in this range throughout the day. The company has a market cap of $3,444 million and the number of outstanding shares have been calculated to be 188,620,370 shares. The 52-week high of Pitney Bowes (NYSE:PBI) is $22.18 and the 52-week low is $16.24.

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.

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