Dun & Bradstreet (NYSE:DNB) PT Lowered to $12.00

Dun & Bradstreet (NYSE:DNB) had its target price decreased by equities researchers at Royal Bank of Canada from $15.00 to $12.00 in a research report issued on Friday, Benzinga reports. The firm presently has a “sector perform” rating on the business services provider’s stock. Royal Bank of Canada’s price target indicates a potential upside of 1.52% from the company’s current price.

A number of other research analysts have also weighed in on DNB. Needham & Company LLC reaffirmed a “buy” rating and issued a $17.00 price target on shares of Dun & Bradstreet in a research note on Tuesday, May 14th. Jefferies Financial Group cut their price objective on shares of Dun & Bradstreet from $14.00 to $13.00 and set a “buy” rating on the stock in a research report on Friday, April 12th. Five analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Dun & Bradstreet presently has a consensus rating of “Moderate Buy” and an average price target of $13.44.

Dun & Bradstreet Trading Up 14.9 %

Shares of DNB traded up $1.53 during trading hours on Friday, reaching $11.82. The stock had a trading volume of 19,697,238 shares, compared to its average volume of 3,699,495. The firm has a 50-day moving average of $9.64 and a 200 day moving average of $10.12. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 1.04. The company has a market cap of $5.23 billion, a P/E ratio of -148.88, a P/E/G ratio of 2.00 and a beta of 1.15. Dun & Bradstreet has a 52 week low of $8.68 and a 52 week high of $12.75.

Dun & Bradstreet (NYSE:DNB) last released its quarterly earnings results on Thursday, May 2nd. The business services provider reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.01. Dun & Bradstreet had a positive return on equity of 10.99% and a negative net margin of 1.56%. The company had revenue of $564.50 million for the quarter, compared to analyst estimates of $567.77 million. On average, sell-side analysts expect that Dun & Bradstreet will post 0.89 earnings per share for the current fiscal year.

Institutional Trading of Dun & Bradstreet

Several hedge funds have recently added to or reduced their stakes in DNB. Arizona State Retirement System boosted its holdings in Dun & Bradstreet by 8.0% in the 4th quarter. Arizona State Retirement System now owns 67,531 shares of the business services provider’s stock valued at $790,000 after purchasing an additional 4,984 shares during the period. Allspring Global Investments Holdings LLC lifted its position in shares of Dun & Bradstreet by 4.3% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 14,208,101 shares of the business services provider’s stock worth $166,235,000 after buying an additional 588,460 shares during the last quarter. Sequoia Financial Advisors LLC acquired a new stake in Dun & Bradstreet in the fourth quarter valued at about $218,000. Cornercap Investment Counsel Inc. bought a new position in Dun & Bradstreet in the fourth quarter valued at about $593,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Dun & Bradstreet by 27.2% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 54,821 shares of the business services provider’s stock worth $641,000 after acquiring an additional 11,720 shares in the last quarter. 86.68% of the stock is owned by institutional investors and hedge funds.

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.