Pitney Bowes (PBI) Surges: Why It Still Has Room to Run?
One company that should be on your radar is Pitney Bowes Inc. (PBI). The stock of this office equipments company has seen its Zacks Rank surge over the past four weeks, moving from Hold territory to its current position as a Strong Buy.
A key reason for this move has been the positive trend in the earnings estimate revisions picture. For PBI’s full year estimate, we have seen 3 estimates go higher in the past 30 days, compared to no downward revision. This trend has helped the consensus estimate to trend higher, going from $1.74 a share a month ago to its current level at $1.84.
This positive shift in estimates has made some investors take notice and buy the stock. In fact, PBI has seen some pretty solid trading lately, as the company has moved higher by 10.4% in the past month.
If Pitney Bowes can keep up this great momentum on the earnings estimate front and continue to impress analysts, we could see more gains ahead for this company, suggesting that you might want to put PBI on your watch list for the future.
Other top-ranked stocks worth considering in this space include Lexmark International Inc. (LXK), Logitech International SA (LOGI), and Seiko Epson Corp. (SEKEY). While Lexmark and Logitech have a Zacks Rank #1 (Strong Buy), Seiko carries a Zacks Rank #2 (Buy).
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PITNEY BOWES INC (PBI): Free Stock Analysis Report
LEXMARK INTERNATIONAL INC (LXK): Free Stock Analysis Report
LOGITECH INTERNATIONAL SA ORD (LOGI): Free Stock Analysis Report
SEIKO EPSON UNSP ADR (SEKEY): Free Stock Analysis Report
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