Pitney Bowes Inc. (PBI) Alerting Bullish Trading Activity

Considering all key technical indicators, a 40% Sell signal has occurred for Pitney Bowes Inc. (NYSE:PBI). The stock is also flashing a Sell from the Barchart TrendSpotter trading system. Traders hoping to speculate on the PBI’s short-term trajectory should know that short terms indicators for the stock averaged 20% Buy with an average daily trading volume over the past 20 days at 3596700 shares. PBI stock has overall a 0.75% Sell signal considering medium term indicators and the 50-day average daily volume remained almost 3375276 shares. It’s also worth noting that the stock, whose average daily volume over the 100 days prior to this writing was shares, is 67% Sell on the basis of long term indicators.

The share price is currently staying around the first support level of $6.74. Below this, the next support is placed in the zone of $6.65. Till the time, the PBI stock trades above this level, bulls have nothing to fear. On momentum oscillators front, ‘RSI’ has touched 46.41 on daily chart, which may remain a cause for concern. If the price breaks below $6.65 level on closing basis, then we may see more profit booking and the stock may show further weakness. On the flipside, hitting the $6.96 mark may result into a pull-back move towards $7.08 level.

Pitney Bowes Inc. (PBI) is projected to climb by 53.51 percent over the next 12 months, according to price target estimates compiled by finviz. Meanwhile, they have set a $14-month high price target. This represents a whopping 104.68 percent increase from where shares are trading today. The 12-month median price target assigned by the analysts stands at $9, which represents a return potential of 31.58 percent when compared to the closing price of the stock of $6.84 on Thursday, March 14. The lowest price target for the stock is $6 — slightly more than -12.28 percent from PBI’s current share price.

Here’s a rundown of insider trading activity for sense of Pitney Bowes Inc. (NYSE:PBI).

PBI shares dropped -0.14 points or -2.01 percent on Thursday to $6.84 with a light trade volume of 2.325 million shares. After opening the session at $6.97, the shares went as high as $6.985 and as low as $6.77, the range within which the stock’s price traded throughout the day. The firm is left with a market cap of $1.29 billion and now has 189.1 million shares outstanding. Pitney Bowes Inc. (PBI) stock has lost -2.98 percent of market value in 21 trading days.

Analysts at Northcoast cut their rating on shares of Pitney Bowes Inc. (NYSE:PBI) from Buy to Neutral in their opinion released on February 06. Analysts at Sidoti issued an upgrade from Neutral to Buy for the stock, in a research note that dated back to August 02.

PBI stock has a trailing 3-year beta of 1.48, offering the possibility of a higher rate of return, but also posing more risk. The portion of a company’s profit allocated to each outstanding share of common stock was $0.87 a share in the trailing twelve months. The stock’s value has surged 15.74 percent year to date (YTD) against a decline of -46.01 percent in 12 month’s time. The company’s shares still trade -46.48 percent away from its 1-year high of $12.78 and 24.14 percent up from 52-week low of $5.51. The average consensus rating on the company is 2.5, on a scale where 5 equates to a unanimous sell rating. In short, the mean analyst recommendations are calling this stock a sell.

Shares of Pitney Bowes Inc. (PBI) are trading at a P/E ratio of 8.06 times earnings reported for the past 12 months. The industry PBI operates in has an average P/E of 13.34. Its P/E ratio went as low as 6.83X and as high as 37.9 over the 5-year span. Further, it is sporting a 0.37 on the Price-to-Sales ratio. Compare this with the industry average P/S of 0.92. 46.3 percent is the gross profit margin for Pitney Bowes Inc. and operating margin sits at 10.1 percent. Along with this, the net profit margin is 6.3 percent.