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

Dun & Bradstreet (NYSE:DNB)‘s stock had its “buy” rating restated by stock analysts at Needham & Company LLC in a research report issued on Friday, Benzinga reports. They presently have a $17.00 target price on the business services provider’s stock. Needham & Company LLC’s price objective indicates a potential upside of 42.74% from the company’s previous close.

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

Dun & Bradstreet Stock Performance

Dun & Bradstreet stock opened at $11.91 on Friday. Dun & Bradstreet has a one year low of $8.77 and a one year high of $12.75. The company has a current ratio of 0.70, a quick ratio of 0.71 and a debt-to-equity ratio of 1.08. The stock has a fifty day moving average of $11.47 and a 200 day moving average of $10.58.

Dun & Bradstreet (NYSE:DNB) last announced its earnings results on Thursday, August 1st. The business services provider reported $0.23 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.23. The company had revenue of $576.20 million during the quarter, compared to analyst estimates of $580.77 million. Dun & Bradstreet had a negative net margin of 1.46% and a positive return on equity of 11.50%. The firm’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.17 earnings per share. Analysts forecast that Dun & Bradstreet will post 0.89 EPS for the current fiscal year.

Institutional Trading of Dun & Bradstreet

Hedge funds have recently modified their holdings of the company. Quantbot Technologies LP bought a new stake in Dun & Bradstreet in the first quarter worth $1,844,000. Natixis bought a new position in shares of Dun & Bradstreet in the 1st quarter valued at about $2,713,000. Jane Street Group LLC purchased a new position in Dun & Bradstreet in the first quarter worth about $3,936,000. Magnetar Financial LLC purchased a new stake in Dun & Bradstreet during the first quarter valued at approximately $809,000. Finally, Vanguard Group Inc. raised its position in Dun & Bradstreet by 3.3% during the first quarter. Vanguard Group Inc. now owns 27,428,272 shares of the business services provider’s stock valued at $275,380,000 after purchasing an additional 868,621 shares during the period. 86.68% of the stock is owned by hedge funds and other institutional investors.

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.