Pitney Bowes (NYSE:PBI) : 3 brokerage houses believe that Pitney Bowes (NYSE: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 (NYSE: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 (NYSE:PBI) : The highest level Pitney Bowes (NYSE:PBI) is projected to reach is $28 for the short term and the lowest estimate is at $20. The consolidated price target from 4 rating analysts who initiate coverage on the stock is $24.5 and the possibility the share price can swing is $3.42.
For the current week, the company shares have a recommendation consensus of Buy.
Pitney Bowes (NYSE:PBI): stock turned positive on Tuesday. Though the stock opened at $16.63, the bulls momentum made the stock top out at $17.04 level for the day. The stock recorded a low of $16.6 and closed the trading day at $17.01, in the green by 3.85%. The total traded volume for the day was 2,234,784. The stock had closed at $16.38 in the previous days trading.
In an insider trading activity, Lautenbach Marc Bradley, CEO of Pitney Bowes Inc /De/ had purchased 12,007 shares on October 30, 2015 in a transaction. The price per share was $20.81 and the total amount of the disclosed transaction was $249,866.The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing. This information is based on open market transaction at the market prices.
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.