Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Pitney Bowes Inc. before investing.

In this article, we go over a few key elements for understanding Pitney Bowes Inc.’s stock price such as:

• Pitney Bowes Inc.’s current stock price and volume
• Why Pitney Bowes Inc.’s stock price changed recently
• Upgrades and downgrades for PBI from analysts
• PBI’s stock price momentum as measured by its relative strength

About Pitney Bowes Inc. (PBI)

Before we jump into Pitney Bowes Inc.’s stock price, history, target price and what caused it to recently rise, let’s take a look at some background.

Pitney Bowes Inc. is a shipping and mailing company. The Company provides technology, logistics, and financial services to small and medium sized businesses, large enterprises, retailers, and government clients. Its segments include Global Ecommerce, Presort Services and SendTech Solutions. The Global Ecommerce segment offers domestic parcel services, cross-border solutions, and digital delivery services. Its domestic parcel services offer retailers a parcel delivery and returns network for end consumers. The Presort Services segment offers national outsource provider of mail sortation services that allow clients to qualify large volumes of first-class mail, marketing mail and marketing mail flats and bound printed matter for postal workshare discounts. Its SendTech Solutions segment offer clients with physical and digital mailing and shipping technology solutions and other applications to help simplify and save on the sending, tracking, and receiving of letters, parcels, and flats.

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Pitney Bowes Inc.’s Stock Price as of Market Close

As of August 19, 2024, 4:00 PM, CST, Pitney Bowes Inc.’s stock price was $7.49.

Pitney Bowes Inc. is up 4.17% from its previous closing price of $7.19.

During the last market session, Pitney Bowes Inc.’s stock traded between $7.01 and $7.34. Currently, there are 178.70 million shares of Pitney Bowes Inc. stock available for purchase.

Unfortunately, Pitney Bowes Inc.’s P/E ratio is not significant enough to use for stock price evaluation. We recommend investors evaluate other financial metrics to understand its overall valuation.

Pitney Bowes Inc. Stock Price History

Pitney Bowes Inc.’s (PBI) price is currently up 13.48% so far this month.

During the month of August, Pitney Bowes Inc.’s stock price has reached a high of $7.70 and a low of $5.58.

Over the last year, Pitney Bowes Inc. has hit prices as high as $7.70 and as low as $2.80. Year to date, Pitney Bowes Inc.’s stock is up 97.11%.

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What Caused Pitney Bowes Inc. Stock’s Price to Rise?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of August 16, 2024, there were 0 analysts who downgraded Pitney Bowes Inc.’s stock and 1 analyst who upgraded over the last month.

Additionally, you'll want to evaluate Pitney Bowes Inc.’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Pitney Bowes Inc.’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Pitney Bowes Inc.’s current valuation based on AAII’s Value Grade is a B, which means it is considered to be Value.

Learn how to evaluate stocks with AAII Grades and Scores with A+ Investor today.

Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Pitney Bowes Inc. (PBI) by visiting AAII Stock Evaluator.

Relative Price Strength of Pitney Bowes Inc.

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of August 16, 2024, Pitney Bowes Inc. has a weighted four-quarter relative price strength of 17.09%, which translates to a Momentum Score of 93 and is considered to be Very Strong.

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Pitney Bowes Inc. Stock Price: Bottom Line

As of August 19, 2024, Pitney Bowes Inc.’s stock price is $7.49, which is up 4.17% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Pitney Bowes Inc. stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

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