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Maxim Group Stick to Their Buy Rating for Pitney Bowes Inc

Dec 16, 2021 07:35AM ET
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Maxim Group analyst Allen Klee reiterated a Buy rating on Pitney Bowes Inc (NYSE:PBI) on Wednesday, setting a price target of $12, which is approximately 86.05% above the present share price of $6.45.

Klee expects Pitney Bowes Inc to post earnings per share (EPS) of $0.05 for the fourth quarter of 2021.

The current consensus among 1 TipRanks analysts is for a Moderate Buy rating of shares in Pitney Bowes, with an average price target of $12.
The analysts price targets range from a high of $12 to a low of $12.

In its latest earnings report, released on 09/30/2021, the company reported a quarterly revenue of $875.45 million and a net profit of $38.22 million. The company's market cap is $1.14 billion.

According to TipRanks.com, Maxim Group analyst Allen Klee is currently ranked with 0 stars on a 0-5 stars ranking scale, with an average return of -15.7% and a 22.46% success rate.

Pitney Bowes, Inc. is a technology company, which engages in the provision of products and solutions in the commerce industry. It operates through the following segments: Global Ecommerce, Presort Services, and SendTech Solutions. The Global Ecommerce segment includes products and services that facilitate domestic retail and ecommerce shipping solutions, including fulfillment and returns, and global cross-border ecommerce transactions. The Presort Services segment includes sortation services to qualify large volumes of first class mail, marketing mail and bound and packet mail for postal worksharing discounts. The SendTech Solutions segment includes physical and digital mailing and shipping solutions, financing, services, supplies and other applications to help simplify and save on the sending, tracking and receiving of letters and packages. The company was founded by Arthur H. Pitney and Walter Bowes on April 23, 1920 and is headquartered in Stamford, CT.

Maxim Group Stick to Their Buy Rating for Pitney Bowes Inc
 

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