PBI Stock Recent News
PBI LATEST HEADLINES
Pitney Bowes is undergoing a significant turnaround with $150-170 million in cost savings projected for 2024, making the stock a strong buy. The sale of the loss-making Global Ecommerce segment will eliminate $136 million in annualized losses, streamlining operations and boosting profitability. Despite high debt levels, PBI's strategic deleveraging efforts and cost-saving measures are expected to unlock capital for debt repayment and shareholder-friendly programs.
PBI stock presents an attractive investment opportunity, driven by its robust financial recovery, undervalued valuation and optimistic growth prospects.
STAMFORD, Conn.--(BUSINESS WIRE)--Pitney Bowes Inc. (NYSE: PBI) (“Pitney Bowes” or the “Company”), a technology-driven company that provides SaaS shipping solutions, mailing innovation, and financial services to clients around the world, today announced that it has acquired the presort business of Royal Alliances, Inc. (“Royal Alliances” or “RA”), a provider of technology-enabled shipping and mailing solutions, headquartered in Irving, Texas. This acquisition further strengthens the Pitney Bowe.
GBX, BLBD and PBI made it to the Zacks Rank #1 (Strong Buy) growth stocks list on January 20, 2024.
Pitney Bowes' exit from the struggling Global Ecommerce business and cost optimization efforts have led to improved profitability and cash flow. Hestia Capital's influence on the board and strategic plans aim to streamline operations and enhance shareholder value, despite initial resistance. The company's focus on Presort Services and SendTech Solutions, along with debt reduction, positions it for future growth and profitability.
We have narrowed our search to five value stocks. These are TSN, GAP, NCLH, AAL and PBI.
After logging its worst month, the Russell 2000 Index is up 0.4% in the initial week of 2025, indicating that the "January Effect" is building up momentum.
MNDY, LTM, and PBI it to the Zacks Rank #1 (Strong Buy) growth stocks list on January 7, 2024.
NCLH, MNDY and PBI made it to the Zacks Rank #1 (Strong Buy) growth stocks list on January 3, 2024.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.