Why Citizens JMP Sees Upside in Pitney Bowes With Market Outperform Rating and Strategic Buybacks

On December 3, Citizens JMP initiated sum connected Pitney Bowes with a “Market Outperform” standing and acceptable a terms people of $13.00 per share.

They said the banal has country to run, pointing to what they saw arsenic tenable valuation estimates for 2027. That included an EV-to-free currency travel aggregate of 8.7x and an EV-to-EBITDA aggregate of 5.6x. The steadfast highlighted that Pitney Bowes holds ascendant positions successful its halfway segments, astir a 70% stock successful its “SendTech” mailing/shipping business, and a mid‑30% stock successful first‑class message wrong its “Presort Services” unit.

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According to Citizens JMP, management’s caller capital‑allocation policies, including assertive stock repurchases (about 12% of outstanding shares by precocious October, with ~8% repurchased successful the astir caller quarter) and dependable dividend increases, adhd to the imaginable for shareholder value. The analysts besides flagged maturation catalysts: near‑term imaginable from the company’s banking operations, and medium‑term upside from enlargement of its integer shipping and SaaS tools (such arsenic its SendTech/Shipping‑360 platform), on with imaginable consolidation gains successful its Presort Services business.

Pitney Bowes Inc. (NYSE:PBI) is simply a U.S.–based exertion and logistics institution founded successful 1920, offering mailing, shipping, mailing‑sortation, shipping‑software, and related fiscal services done segments specified arsenic SendTech and Presort Services.

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Disclosure: None.