Pitney Bowes Inc. (NYSE:PBI) traded at $5.56 at last check on Monday, Sep 14, making an upward move of 7.96% on its previous day’s price.
Looking at the stock we see that its previous close was $5.15 and the beta (5Y monthly) reads 3.02 with the day’s price range being $5.16 – 5.57. The company has a 12-month trailing PE ratio of 0. In terms of its 52-week price range, PBI has a high of $7.16 and a low of $1.67. The company’s stock has gained about -9% over that past 30 days.
Pitney has a market cap of $943.7 Million and is expected to release its quarterly earnings report on Nov 03, 2020- Nov 09, 2020. With its Forward Dividend at 0.2 and a yield of 3.6%, the company’s investors could be anxious for the PBI stock to gain ahead of the earnings release. Estimates by analysts give the company expected earnings per share (EPS) of $0.05, with the EPS growth for the year declined at $0.23 for 2020 and $0.49 for next year. These figures represent -0.66% and at 1.13% growth in EPS for the two years respectively.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $851.48 Million, with a low of $839.6 Million and a high of $863Million. The median projection represents growth adding up to 9.2% compared to sales earnings for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecasts for 2020 are expected to hit $3.37 Billion, or +5.2% up from figures reported last year.
On the other hand, looking at the outlook for the PBI stock, short term indicators assign the stock an average of 50% Buy, while medium term indicators assign it an average of 100% Buy. Long term indicators on average place the stock in the category of 100% Buy.
Based on estimates by 5 analysts where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 3 have rated the Pitney Bowes Inc. (PBI) stock as a Hold, while 2 rate it as a Buy. None analysts rate it as outperform while none of them rated it as underperform, whereas none suggests the stock as a Sell. The stock has an overall rating of Overweight and investors could take advantage and scoop up stock of the company.
Looking further, we note that the PEG ratio for the PBI stock currently stands at 0, and the current price level is -1% off its SMA20 and 24.65% from its 50-day simple moving average. The RSI (14) is pointing at 56.61 while the volatility over the past week is 6.43% and drops to 5.87% over the past one month. The beta value is 3.02, while the average true range (ATR) is currently pointing at 0.41. The average price target for the stock over the next 12 months is $5.83, with the estimates having a low of $3.5 and a high of $7. These price ends are -37.05% and +25.9% off the current price level respectively, although investors could be excited at the prospect of a +25.9% if the PBI share price touches on the median price of $7.
Coming back to Pitney Bowes Inc. (NYSE:PBI), we note that the average 3-month trading volume was 3.55 Million, while that of the preceding 10-day period stands at 2.82 Million. Current shares outstanding are 173.08 Million.
According to data from Thomson Reuters, insiders hold 0.66% of the company’s shares while institutions hold 80.82%. The data shows that short shares as of August 30, 2020, stood at 23.41 Million at a short ratio of 3.61. This represents a 13.53% Short interest in Shares outstanding on August 30, 2020. Shares short dropped in August from the previous month at 27.01 Million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock +37.97% up in year-to-date price movement.