Dun & Bradstreet’s (DNB) Buy Rating Reaffirmed at Needham & Company LLC

Dun & Bradstreet (NYSE:DNB)‘s stock had its “buy” rating reaffirmed by analysts at Needham & Company LLC in a report issued on Friday, Benzinga reports. They presently have a $17.00 price target on the business services provider’s stock. Needham & Company LLC’s price objective would suggest a potential upside of 42.98% from the stock’s previous close.

Several other research analysts also recently issued reports on the stock. Barclays upped their price target on shares of Dun & Bradstreet from $11.00 to $12.00 and gave the stock an “equal weight” rating in a research report on Friday, September 13th. StockNews.com upgraded shares of Dun & Bradstreet from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Royal Bank of Canada lowered their price target on shares of Dun & Bradstreet from $15.00 to $12.00 and set a “sector perform” rating for the company in a report on Friday, August 2nd. JPMorgan Chase & Co. upped their price objective on Dun & Bradstreet from $11.00 to $13.00 and gave the stock a “neutral” rating in a report on Monday, August 5th. Finally, The Goldman Sachs Group lifted their target price on Dun & Bradstreet from $10.40 to $11.80 and gave the company a “neutral” rating in a research note on Monday, August 5th. Five analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $13.85.

Dun & Bradstreet Stock Up 9.7 %

DNB opened at $11.89 on Friday. Dun & Bradstreet has a twelve month low of $8.68 and a twelve month high of $12.75. The firm has a market cap of $5.25 billion, a price-to-earnings ratio of -148.61, a PEG ratio of 2.51 and a beta of 1.16. The firm’s 50-day simple moving average is $11.48 and its 200-day simple moving average is $10.55. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.71 and a current ratio of 0.71.

Dun & Bradstreet (NYSE:DNB) last issued its quarterly earnings data on Thursday, August 1st. The business services provider reported $0.23 earnings per share for the quarter, hitting the consensus estimate of $0.23. The firm had revenue of $576.20 million for the quarter, compared to analysts’ expectations of $580.77 million. Dun & Bradstreet had a negative net margin of 1.42% and a positive return on equity of 11.35%. The company’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.17 earnings per share. Equities research analysts anticipate that Dun & Bradstreet will post 0.89 EPS for the current fiscal year.

Hedge Funds Weigh In On Dun & Bradstreet

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Evermay Wealth Management LLC acquired a new position in shares of Dun & Bradstreet in the 1st quarter valued at $37,000. Blue Trust Inc. grew its stake in Dun & Bradstreet by 129.1% in the second quarter. Blue Trust Inc. now owns 4,549 shares of the business services provider’s stock valued at $46,000 after acquiring an additional 2,563 shares during the period. Headlands Technologies LLC bought a new stake in shares of Dun & Bradstreet in the first quarter worth about $70,000. Canada Pension Plan Investment Board raised its position in shares of Dun & Bradstreet by 85.1% during the second quarter. Canada Pension Plan Investment Board now owns 8,700 shares of the business services provider’s stock worth $81,000 after purchasing an additional 4,000 shares during the period. Finally, Xponance Inc. bought a new position in shares of Dun & Bradstreet during the 2nd quarter valued at about $100,000. Institutional investors own 86.68% of the company’s stock.

Dun & Bradstreet Company Profile

Dun & Bradstreet Holdings, Inc, together with its subsidiaries, provides business-to-business data and analytics in North America and internationally. It offers finance and risk solutions, including D&B Finance Analytics, an online application that offers clients real time access to its information, comprehensive monitoring, and portfolio analysis; D&B Direct, an application programming interface (API) that delivers risk and financial data directly into enterprise applications for real-time credit decision-making; D&B Small Business, a suite of tools that allows SMBs to monitor and build their business credit file; D&B Enterprise Risk Assessment Manager, a solution for managing and automating credit decisioning and reporting; and D&B Risk Analytics, a subscription-based online application that offers clients real-time access to complete and up-to-date global information to mitigate supply chain risk, regulatory risk, and ESG assessment, as well as other related risks; Risk Guardian, a subscription-based online application that offers real-time access to Northern Europe information, monitoring, and portfolio analysis; and D&B Beneficial Ownership that offers risk intelligence on ultimate beneficial ownership.