Citizens Jmp Raises Pitney Bowes (NYSE:PBI) Price Target to $22.00

Pitney Bowes (NYSE:PBI) had its price objective lifted by Citizens Jmp from $19.00 to $22.00 in a research report issued on Friday,Benzinga reports. The brokerage currently has a “market outperform” rating on the technology company’s stock. Citizens Jmp’s target price would suggest a potential upside of 21.36% from the company’s current price.

Several other equities analysts have also commented on the stock. Bank of America upgraded shares of Pitney Bowes from an “underperform” rating to a “neutral” rating and increased their price target for the company from $9.50 to $16.50 in a research note on Monday, May 11th. Citigroup restated a “market outperform” rating on shares of Pitney Bowes in a research report on Friday. Zacks Research cut shares of Pitney Bowes from a “strong-buy” rating to a “hold” rating in a report on Friday, July 10th. Truist Financial increased their target price on shares of Pitney Bowes from $11.00 to $15.00 and gave the company a “hold” rating in a research report on Thursday, May 7th. Finally, Weiss Ratings upgraded shares of Pitney Bowes from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, May 8th. Two equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $17.70.

Pitney Bowes Stock Performance

NYSE:PBI opened at $18.13 on Friday. Pitney Bowes has a 1 year low of $8.95 and a 1 year high of $19.07. The stock has a market cap of $2.46 billion, a P/E ratio of 14.86, a P/E/G ratio of 0.79 and a beta of 1.62. The stock has a 50-day simple moving average of $17.27 and a 200-day simple moving average of $13.74.

Pitney Bowes (NYSE:PBI) last issued its earnings results on Wednesday, July 29th. The technology company reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.09. The business had revenue of $451.50 million for the quarter, compared to analyst estimates of $453.94 million. Pitney Bowes had a negative return on equity of 32.14% and a net margin of 10.04%.The business’s quarterly revenue was down 2.4% on a year-over-year basis. During the same quarter last year, the company earned $0.27 EPS. Pitney Bowes has set its FY 2026 guidance at 1.550-1.700 EPS. On average, equities research analysts predict that Pitney Bowes will post 1.62 EPS for the current year.

Insider Buying and Selling

In other Pitney Bowes news, CEO Kurt James Wolf sold 966,561 shares of the business’s stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of $14.58, for a total value of $14,092,459.38. Following the completion of the sale, the chief executive officer owned 452,628 shares in the company, valued at approximately $6,599,316.24. The trade was a 68.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold a total of 3,349,130 shares of company stock worth $53,285,535 over the last quarter. Insiders own 6.50% of the company’s stock.

Hedge Funds Weigh In On Pitney Bowes

A number of hedge funds have recently modified their holdings of the business. Capital Management Corp VA increased its stake in Pitney Bowes by 25.3% in the fourth quarter. Capital Management Corp VA now owns 2,930,328 shares of the technology company’s stock valued at $30,974,000 after purchasing an additional 592,568 shares during the period. TABR Capital Management LLC purchased a new stake in shares of Pitney Bowes in the fourth quarter valued at about $807,000. Solidarity Wealth LLC acquired a new stake in shares of Pitney Bowes during the fourth quarter worth about $6,236,000. Gamco Investors INC. ET AL boosted its stake in shares of Pitney Bowes by 33.8% during the fourth quarter. Gamco Investors INC. ET AL now owns 491,200 shares of the technology company’s stock worth $5,192,000 after buying an additional 124,000 shares during the period. Finally, Evergreen Wealth Management LLC grew its holdings in shares of Pitney Bowes by 19.1% during the fourth quarter. Evergreen Wealth Management LLC now owns 698,354 shares of the technology company’s stock worth $7,382,000 after buying an additional 111,936 shares during the last quarter. 67.88% of the stock is currently owned by hedge funds and other institutional investors.

Key Headlines Impacting Pitney Bowes

Here are the key news stories impacting Pitney Bowes this week:

• Positive Sentiment: Q2 earnings beat expectations: Adjusted EPS was $0.43, compared with the $0.34 analyst consensus and $0.27 a year earlier. Lower costs and improved SendTech Solutions profitability offset weakness elsewhere. Pitney Bowes Surpasses Q2 Earnings Estimates
• Positive Sentiment: 2026 outlook improved: Pitney Bowes raised its full-year adjusted EPS, adjusted EBIT, and adjusted free-cash-flow outlooks while maintaining revenue guidance of approximately $1.8 billion to $1.9 billion. PBI Q2 Earnings Call Highlights Debt Reduction Focus
• Positive Sentiment: Debt reduction strengthened the balance sheet: The company reduced debt by $201 million from the end of the first quarter through July 29, supporting management’s focus on execution and financial flexibility. Pitney Bowes also repurchased 4.5 million shares for $53 million during the quarter.
• Positive Sentiment: Analyst estimates increased: Sidoti raised its Q2 2027 EPS forecast to $0.45 from $0.35 and its FY2027 forecast to $1.80 from $1.70, signaling greater confidence in the company’s earnings trajectory.
• Neutral Sentiment: Strategic alternatives could add value: Coverage highlighted Pitney Bowes’ strategic review as potentially creating additional optionality, although no specific transaction or outcome was announced. Pitney Bowes Strategic Review Adds Optionality
• Negative Sentiment: Revenue and Presort remained weak: Quarterly revenue declined 2.4% year over year to $451.5 million, slightly below expectations. Presort Services revenue fell 5%, while SendTech revenue decreased 1%, indicating continued top-line pressure.

Pitney Bowes Company Profile

Pitney Bowes Inc (NYSE: PBI) is an American technology company that specializes in shipping, mailing, and e-commerce solutions. Founded in 1920 by Walter Bowes and Arthur Pitney, the company pioneered postage meter technology and has since evolved to offer a broad portfolio of hardware, software, and services designed to streamline physical and digital communications. Headquartered in Stamford, Connecticut, Pitney Bowes leverages a century of expertise to serve enterprises, small businesses, and government agencies around the globe.

The company’s core offerings span mailing and shipping equipment, including postage meters, folder inserters, and address verification systems, alongside integrated software platforms for customer information management, data analytics, and location intelligence.