News stories about Pitney Bowes (NYSE:PBI) have trended somewhat positive this week, Accern Sentiment Analysis reports. The research group scores the sentiment of news coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Pitney Bowes earned a media sentiment score of 0.14 on Accern’s scale. Accern also gave press coverage about the technology company an impact score of 46.0442080023037 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
These are some of the news stories that may have impacted Accern Sentiment Analysis’s analysis:
- Why Pitney Bowes Stock Surged 15% Today (finance.yahoo.com)
- Pitney Bowes (PBI) Jumps: Stock Rises 14.9% (finance.yahoo.com)
- PBI Crosses Above Key Moving Average Level (nasdaq.com)
- Pitney Bowes gets interest from Blackstone, Carlyle – FT, citing Bloomberg (finance.yahoo.com)
- Eye-Catching Shares – Pitney Bowes Inc. (NYSE: PBI) – The Investor Guide (wallstreetnews24.com)
Several equities analysts have weighed in on the company. Zacks Investment Research upgraded Pitney Bowes from a “strong sell” rating to a “hold” rating in a report on Monday. ValuEngine upgraded Pitney Bowes from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Finally, Loop Capital cut their target price on Pitney Bowes from $14.00 to $12.00 and set a “hold” rating on the stock in a report on Thursday, November 2nd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $14.50.
Pitney Bowes (NYSE:PBI) traded up $1.73 during trading on Friday, hitting $13.36. The stock had a trading volume of 9,752,300 shares, compared to its average volume of 2,497,700. The company has a quick ratio of 1.37, a current ratio of 1.42 and a debt-to-equity ratio of 35.49. The company has a market capitalization of $2,440.00, a price-to-earnings ratio of 28.43 and a beta of 1.11. Pitney Bowes has a twelve month low of $9.50 and a twelve month high of $16.60.
Pitney Bowes (NYSE:PBI) last posted its quarterly earnings data on Wednesday, November 1st. The technology company reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.10). The business had revenue of $842.82 million during the quarter, compared to the consensus estimate of $837.60 million. Pitney Bowes had a negative return on equity of 5,297.85% and a net margin of 2.64%. The company’s revenue for the quarter was up .5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.44 earnings per share. analysts predict that Pitney Bowes will post 1.38 earnings per share for the current year.
Pitney Bowes Company Profile
Pitney Bowes Inc is a global technology company. The Company offers customer information management, location intelligence and customer engagement products and solutions to help its clients market to their customers, and shipping, mailing, and cross border e-commerce products and solutions that enable the sending of parcels and packages across the globe.
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