Why Pitney Bowes Inc. [PBI] Stock Can Charge Above The $5.75 Level

Pitney Bowes Inc. [PBI] stock is up 0.52 while the S&P 500 has fallen -0.07% on Wednesday, 12/02/20. While at the time of this article, PBI ATR is sitting at 0.39, with the beta value at 2.95. This stock’s volatility for the past week remained at 4.88%, while it was 5.62% for the past 30-day period. PBI has risen $0.03 from the previous closing price of $5.72 on volume of 1.1 million shares.

On 2, December 2020, Pitney Bowes Announces 2021 Pricing for Ecommerce Services with Simple, Easy to Understand Rates. According to news published on Yahoo Finance, Pitney Bowes (NYSE: PBI), a global technology company that provides commerce solutions in the areas of ecommerce, shipping, mailing, data and financial services, today announced a 5.9% general rate increase (GRI) for ecommerce delivery services and a 4.9% increase for returns services, as described below, effective January 3, 2021. The pricing program continues the company’s commitment to providing e-commerce shippers with simple, easy to understand rates and services.

Analyst Birdseye View:

The most recent analyst activity for Pitney Bowes Inc. [NYSE:PBI] stock was on May 05, 2020, when it was Downgrade with a Neutral rating from National Securities. On February 06, 2019, Northcoast Downgrade a Neutral rating. On June 01, 2018, Maxim Group Initiated a Buy rating and increased its price target to $12. On August 02, 2017, Sidoti Upgrade a Buy rating. On August 02, 2017, Cross Research Downgrade a Sell rating. On July 28, 2017, Loop Capital Initiated a Hold rating. Sidoti elevated its amount target by recapitulating a higher weight for this stock.

In the past 52 weeks of trading, this stock has oscillated between a low of $1.67 and a peak of $7.70. Right now, according to Wall Street analyst the average 12-month amount target is $7.10. At the most recent market close, shares of Pitney Bowes Inc. [NYSE:PBI] were valued at $5.75. According to the average price forecast, investors can expect a potential return of -1.43%.

FUNDAMENTAL ANALYSIS

Pitney Bowes Inc. [NYSE:PBI] most recently reported quarterly sales of 892.0 billion, which represented growth of 12.90%. This publicly-traded organization’s revenue is $291,368 per employee, while its income is $3,650 per employee. This company’s Gross Margin is currently 34.60%, its Operating Margin is -2.50%, its Pretax Margin is +0.85, and its Net Margin is +1.25. Continuing to look at profitability, this corporation’s Return on Assets, Equity, Whole Principal & invested Principal is sitting at 0.70, 15.28, 6.58 and 1.24 respectively.

The Principal structure of this organization shows its whole liability to whole principal at 91.20 and the whole liability to whole assets at 54.22. It shows enduring liability to the whole principal at 89.38 and enduring liability to assets at 0.53 while looking for an extended time period.

Readers are usually of view to make a close observation to the indicators that support and make resistance before moving to any particular stock. As of now, the company’s stock is sitting at 5.57 points at 1st support level, the second support level is making up to 5.42. But as of 1st resistance point, this stock is sitting at 5.83 and at 5.95 for 2nd resistance point.

Pitney Bowes Inc. [PBI] reported its earnings at $0.08 per share in the fiscal quarter closing of 9/29/2020. The Analysts for Wall Street were expecting to report its earnings at $0.05/share signifying the difference of 0.03 and 60.00% surprise value. Comparing the previous quarter ending of 6/29/2020, the stated earnings were $0.04 calling estimates for -$0.01/share with the difference of 0.05 depicting the surprise of 500.00%.

Important Ratio’s To Watch

Meanwhile, turning our focus to liquidity, the Current Ratio for Pitney Bowes Inc. [NYSE:PBI] is 1.20. Likewise, the Quick ratio is also the same, showing Cash ratio at 0.66. Now if looking for a valuation of this stock’s amount to sales ratio it’s 0.22 and it’s amount to book ratio is 2.40.

Insider Stories

The most recent insider trade was by SANFORD LINDA S, Director, and it was the purchase of 8000.0 shares on Sep 09. SUTULA STANLEY J III, the Exec. VP & Chief Fin’l Officer, completed a purchase of 2000.0 shares on Mar 11. On Feb 26, SUTULA STANLEY J III, Exec. VP & Chief Fin’l Officer, completed a purchase of 3000.0 shares.