Technical Reports on Business Equipment Equities -- Pitney Bowes, VeriFone Systems, Avery Dennison, and Steelcase
NEW YORK, January 23, 2017 /PRNewswire/ --
Pre-market, Stock-Callers.com revisits the Business Equipment space, which provides products from many sectors for business use. These include office furniture, printers, security systems, and lighting. Equities to assess this morning are: Pitney Bowes Inc. (NYSE: PBI), VeriFone Systems Inc. (NYSE: PAY), Avery Dennison Corp. (NYSE: AVY), and Steelcase Inc. (NYSE: SCS). Today's research reports on the aforementioned stocks are downloadable for free upon registration at:
http://stock-callers.com/registration
Pitney Bowes
Last Friday, Stamford, Connecticut headquartered Pitney Bowes Inc.'s stock climbed 0.32%, to close the day at $15.72. A total volume of 1.90 million shares was traded. The Company's shares have advanced 3.49% on an YTD basis. The stock is trading 2.14% above its 50-day moving average. Additionally, shares of Pitney Bowes, which offers customer information management, location intelligence, and customer engagement technology products and solutions in the US and internationally, have a Relative Strength Index (RSI) of 48.92.
On January 17th, 2017, Pitney Bowes announced that its SendPro online shipping and mailing solution now prints United States Postal Service (USPS) postage for mailing, making it an all-in-one solution for shipping and mailing. The Company stated that SendPro online shipping and mailing solution is the only online application on the market that provides both USPS postage for mailing and multiple shipping options. The SendPro online shipping and mailing solution allows users to mail, overnight and ship parcels from their computer, tablet, or mobile device via the USPS, UPS® or another major carrier. Visit us today and access our complete research report on PBI at:
http://stock-callers.com/registration/?symbol=PBI
VeriFone Systems
Shares in San Jose, California headquartered VeriFone Systems Inc. saw a decline of 1.14%, finishing Friday's session at $18.29. The stock recorded a trading volume of 2.02 million shares. The Company's shares have gained 19.86% in the previous three months and 3.16% since the start of this year. The stock is trading above its 50-day moving average by 4.41%. Furthermore, shares of VeriFone Systems, which provides payments and commerce solutions at the point of sale worldwide, have an RSI of 51.68.
On January 17th, 2017, Verifone announced the expansion of its partnership with Microsoft that provides comprehensive Payment-as-a-Service for Microsoft Dynamics 365 clients. Availability of Verifone Point, a Payment-as-a-Service solution, will now extend to Microsoft Dynamics 365 users internationally beginning with Canada. Together, the industry leaders commit to providing merchants-of-all-sizes worldwide with simplified, reliable and secure payment and commerce solutions that improve the consumer experience at the point-of-sale. The complimentary report on PAY can be downloaded at:
http://stock-callers.com/registration/?symbol=PAY
Avery Dennison
Glendale, California headquartered Avery Dennison Corp.'s stock finished 0.11% lower at $72.41 last Friday at the close. A total volume of 524,872 shares was traded. The Company's shares have advanced 1.59% in the past month and 3.12% on an YTD basis. The stock is trading above its 50-day moving average by 1.12%. Additionally, shares of Avery Dennison, which produces and sells pressure-sensitive materials worldwide, have an RSI of 55.02.
On December 13th, 2016, Avery Dennison announced it has agreed to acquire Hanita Coatings, a pressure-sensitive materials manufacturer of specialty films and laminates, from Kibbutz Hanita Coatings and Tene Investment Funds for the purchase price of $75 million, subject to customary adjustments. Headquartered in Israel with sales and distribution facilities in the US, Germany, China, and Australia, Hanita Coatings develops and manufactures coated, laminated, and metallized polyester films for a range of industrial and commercial applications, all of which require high performance and superior quality.
On January 06th, 2017, research firm Citigroup upgraded the Company's stock rating from 'Neutral' to 'Buy'. Register for free on Stock-Callers.com and access the latest research report on AVY at:
http://stock-callers.com/registration/?symbol=AVY
Steelcase
Grand Rapids, Michigan headquartered Steelcase Inc.'s shares ended the session 0.31% higher at $16.35. The stock recorded a trading volume of 476,773 shares. The Company's shares have advanced 1.30% in the last month and 21.94% over the previous three months. The stock is trading 0.92% above its 50-day moving average and 10.96% above its 200-day moving average. Moreover, shares of Steelcase, which designs, manufactures, and distributes an integrated portfolio of furniture settings, user-centered technologies, and interior architectural products, have an RSI of 44.90.
On December 20th, 2016, Steelcase reported Q3 FY17 revenue of $786.5 million and net income of $41.2 million, or diluted earnings per share of $0.34. During the reported quarter, the Company recognized a benefit related to the outcome of a tax audit in EMEA, which had a favorable impact on diluted earnings per share of $0.03. In Q3 FY16, Steelcase reported $787.6 million of revenue, diluted earnings of $0.28 per share and adjusted earnings of $0.30 per share. Get free access to your research report on SCS at:
http://stock-callers.com/registration/?symbol=SCS
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