Business Equipment Stocks: Pitney Bowes (NYSE:PBI), Steelcase (NYSE:SCS), Avery Dennison (NYSE:AVY), Canon (NYSE:CAJ)

Pitney Bowes (NYSE:PBI) saw a large decrease in short interest during the month of January. As of March 14th, there was short interest totalling 26,755,253 shares, a decrease of 8.7% from the February 28th total of 29,304,295 shares, StockRatingsNetwork reports. Pitney Bowes Inc. (NYSE:PBI) shares after opening at $25.56 moved to $25.67 on last trade day and at the end of the day closed at $25.01. Company price to sales ratio in past twelve months was calculated as 1.31 and price to cash ratio as 5.40. Pitney Bowes Inc. (NYSE:PBI) showed a negative weekly performance of -7.30%.

Steelcase (NYSE:SCS) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a research note issued on Thursday, Stock Ratings Network reports.  Steelcase Inc. (NYSE:SCS) shares advanced 1.42% in last trading session and ended the day on $ 16.47. SCS return on equity ratio is recorded as 13.10 % and its return on assets is 5.10 %.  Steelcase Inc. (NYSE:SCS) yearly performance is 23.83%.

Avery Dennison Corp (NYSE:AVY)‘s stock had its “neutral” rating reiterated by Zacks in a research report issued to clients and investors on Friday, AnalystRatingsNetwork reports. Avery Dennison Corp (NYSE:AVY) shares moved up/down -1.10 % in last trading session and was closed at $ 48.63 while trading in range of $ 48.49 – 49.31 – Avery Dennison Corp (NYSE:AVY) year to date (YTD) performance is -2.55 %.

Ross Video, makers of production switchers, graphics/character generator systems, and remote-control camera-support technologies, have chosen HDTV lenses from Canon Inc. (ADR) (NYSE:CAJ) a leader in digital imaging solutions, to integrate with Ross Video products displayed at the 2014 NAB Show, April 7–10, at the Las Vegas Convention Center.  Canon Inc. (ADR) (NYSE:CAJ) weekly performance is -0.39 %. On last trading day company shares ended up $ 30.84.  Canon Inc. (ADR) (NYSE:CAJ) distance from 50-day simple moving average (SMA50) is 1.96 %. Analysts mean target price for the company is $ 35.00.

Comments

Leave a Reply

Your email address will not be published. Required fields are marked *