Economy

Traders Secrets on Pitney Bowes Inc. (PBI), United States Steel Corporation (X)

A number of research firms have recently commented on PBI. LSV Asset Management lifted its holdings in Pitney Bowes by 4.8% during the 2nd quarter. Zacks Investment Research raised Pitney Bowes from a "sell" rating to a "hold" rating in a research report on Monday, September 4th. Loop Capital has "Hold" rating and $12 target. Pitney Bowes Inc. (NYSE:PBI) has declined 15.45% since November 10, 2016 and is downtrending. (NYSE:PBI). Meridian Management Com holds 0.1% of its portfolio in Pitney Bowes Inc.

Beta is also an important valuation ratio for analyzing the stock of the company, PBI has Beta of 1.28 while its industry and Sector's beta remains at 0.94 and 1.29 respectively.

Moving toward the technical facts, its current distance from 20-Day Simple Moving Average is -19.32% and standing -19.62% away from 50-Day Simple Moving Average while traded down -23.51% from 200-Day Simple Moving Average.

Pitney Bowes (NYSE:PBI) last posted its quarterly earnings results on Wednesday, November 1st. The company reported $0.44 earnings per share for the quarter, missing analysts' consensus estimates of $0.46 by $0.02.

3 number of analysts have estimated the sales of the company for the quarter ending Jan 30, 2018- Feb 5, 2018, analysts estimated mean sale target of 868.33 million while high and low sale targets are estimated at 955.8 million and 821 million respectively. Pitney Bowes had a return on equity of 256.96% and a net margin of 8.02%. The business's revenue for the quarter was up.5% on a year-over-year basis. research analysts forecast that Pitney Bowes Inc. will post 1.38 EPS for the current fiscal year. During the same quarter in the prior year, the firm posted $0.44 EPS.

Pitney Bowes Inc. (PBI) now has P/E (Price to Earnings) ratio of 27.26 while the company's industry has 24.56 P/E and the sector P/E is 1763.4. Shareholders of record on Monday, November 21st will be paid a dividend of $0.1875 per share. (NYSE:PBI) rating on Thursday, November 2. Mutual Of America Mgmt Lc has invested 0.04% in Pitney Bowes Inc. The stock ended last trade at $10.80 a share and the price is up more than -28.90% so far this year. The shares price has positioned -18.56% down over the past quarter while it has directed -33.95% toward a falling position throughout past six months. Congress Asset Mgmt Company Ma owns 70,070 shares or 0.14% of their United States portfolio. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,041 shares of the technology company's stock valued at $106,000 after acquiring an additional 748 shares in the last quarter. The disclosure for this purchase can be found here. Institutional owners hold 80.80% stake in the company, while Insiders ownership held at 0.10%.

Pitney Bowes Inc is a global technology company.

ILLEGAL ACTIVITY WARNING: This news story was reported by Week Herald and is the property of of Week Herald. The original version of this report can be accessed at https://stocknewstimes.com/2017/11/08/pitney-bowes-inc-pbi-position-lowered-by-stoneridge-investment-partners-llc.html.

Several hedge funds have recently bought and sold shares of the company.

Dimensional Fund Advisors LP grew its holdings in shares of Pitney Bowes Inc. Guggenheim Capital LLC boosted its stake in shares of Pitney Bowes by 16.0% in the second quarter. Eaton Vance Management now owns 54,293 shares of the technology company's stock worth $820,000 after purchasing an additional 142 shares during the period.

Wright Investors Service Inc increased Southwest Airls Co (NYSE:LUV) stake by 7,750 shares to 45,120 valued at $2.80 million in 2017Q2. MA acquired a new stake in shares of Pitney Bowes during the second quarter valued at $22,551,000. BlackRock Inc. lifted its holdings in Pitney Bowes by 9,828.4% during the 1st quarter. IFP Advisors Inc now owns 11,236 shares of the technology company's stock valued at $170,000 after purchasing an additional 4,793 shares in the last quarter. Finally, First Quadrant L P CA increased its holdings in shares of Pitney Bowes by 252.1% during the 2nd quarter. Canada Pension Plan Investment Board now owns 950,510 shares of the company's stock valued at $16,919,000 after buying an additional 562,210 shares in the last quarter.



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