Pitney Bowes Inc. (PBI) Announces Earnings Results

It is now trading at $11.94 which is quite a bit lower than the 50 day moving average which is $13.67 and significantly lower than the 200 day moving average of $14.21.

Checking the amount of enthusiasm that Wall Street analysts hold for a particular stock is crucial when thinking about entering a position. In terms of recent volatility, the average for the month is 1.62% and 1.89% for the past week. It dived, as 43 investors sold PBI shares while 109 reduced holdings. Virtu KCG Holdings LLC boosted its position in shares of Pitney Bowes by 138.2% during the second quarter. Legal & General Group Plc now owns 307,482 shares of the technology company's stock valued at $4,031,000 after purchasing an additional 38,896 shares in the last quarter. 7,041 were accumulated by Zurcher Kantonalbank (Zurich Cantonalbank).

Trend Direction of Pitney Bowes Inc.

05/06/2015 - Pitney Bowes Inc. was upgraded to "hold" by analysts at Zacks. Employees Retirement System of Texas now owns 335,000 shares of the technology company's stock worth $5,059,000 after buying an additional 1,000 shares in the last quarter. The other 13, though not evenly; between analysts who think you should buy HP Inc. versus those who think you should sell it. (PBI) opened at 13.74 on Wednesday. Extending back, their 50-Day Simple Moving Average is -6.20%, looking even further back, their 200-Day Simple Moving Average stands at -10.47%. During the last 52 weeks, the price has been as high as $16.6 and as low as $12.31.

Pitney Bowes Inc. (NYSE:PBI) has a market cap of $2.58 billion and over the last 12 months, PBI has declined by -22.98%. About shares traded. Vornado Realty Trust (NYSE:VNO) has risen 1.51% since October 31, 2016 and is uptrending. The Lapides Asset Management Llc holds 1.62 million shares with $24.41 million value, down from 1.66 million last quarter. The firm had revenue of $821.40 million for the quarter, compared to analysts' expectations of $822.90 million.

Pitney Bowes Inc. (NYSE:PBI)'s performance this year to date is -9.55%. The firm's quarterly revenue was up.5% on a year-over-year basis. The firm declared 0.73% changes to end the trade at $13.74, with the overall traded capacity of 2.63 Million shares.

Ownership at Pitney Bowes Inc.

Several brokerages recently issued reports on PBI. Loop Capital initiated coverage on Pitney Bowes in a report on Friday, July 28th. They set a "hold" rating and a $16.00 target price on the stock. Finally, ValuEngine downgraded Pitney Bowes from a "buy" rating to a "hold" rating in a report on Friday, September 1st. Cross Research cut shares of Pitney Bowes from a "hold" rating to a "sell" rating in a research report on Wednesday, August 2nd. A 13 analysts rate it as either a buy or a strong buy, while0 believe that investors should either steer clear of HPQ or, if they already own its stock, sell it.

The average 1-year price target for HP Inc. Moreover, Two Sigma Securities Lc has 0.04% invested in Pitney Bowes Inc. Teacher Retirement System of Texas now owns 15,054 shares of the technology company's stock worth $227,000 after buying an additional 251 shares in the last quarter. If you are accessing this news story on another website, it was illegally copied and republished in violation of United States and global trademark and copyright legislation. Finally, Euclid Advisors LLC acquired a new stake in Pitney Bowes during the first quarter valued at about $190,000.

Pitney Bowes Inc. (PBI) stock analysis is based on price earnings ratio (P/E) ratio. The Company offers customer information management, location intelligence, and customer engagement products and solutions to help clients market to their customers, and shipping and mailing, and cross border e-commerce products and solutions that enable the sending of parcels and packages across the globe.

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