Added to YB: 2024-02-07
Pitch date: 2024-02-06
PBI [bullish]
Pitney Bowes Inc.
+361.14%
current return
Author Info
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Company Info
Pitney Bowes Inc. provides digital shipping solutions, mailing innovation, and financial services worldwide.
Market Cap
$2.3B
Pitch Price
$3.64
Price Target
10.72 (-36%)
Dividend
2.38%
EV/EBITDA
7.68
P/E
16.41
EV/Sales
2.26
Sector
Commercial Services and Supplies
Category
turnaround
Show full summary:
Hestia Capital Will Bring Major Changes To Pitney Bowes In 2024
$PBI: Activist influence signals transformative shifts; GEC divestment & new CEO could boost earnings to $1.07/share, implying 160% upside to $10.72 at 10x P/E. Cost savings & strategic moves raise stakes for turnaround despite risks. CEO & GEC news soon.
Read full article (10 min)