Dun & Bradstreet (NYSE:DNB) Rating Reiterated by Needham & Company LLC

Dun & Bradstreet (NYSE:DNBGet Free Report)‘s stock had its “buy” rating reiterated by equities researchers at Needham & Company LLC in a research note issued to investors on Tuesday, Benzinga reports. They currently have a $17.00 price objective on the business services provider’s stock. Needham & Company LLC’s price target points to a potential upside of 61.14% from the company’s current price.

A number of other research firms have also weighed in on DNB. The Goldman Sachs Group boosted their price objective on Dun & Bradstreet from $10.30 to $11.50 and gave the stock a “neutral” rating in a research note on Friday, February 16th. Jefferies Financial Group dropped their price objective on shares of Dun & Bradstreet from $14.00 to $13.00 and set a “buy” rating for the company in a report on Friday, April 12th. Four analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Dun & Bradstreet presently has a consensus rating of “Moderate Buy” and an average price target of $13.64.

Check Out Our Latest Stock Analysis on DNB

Dun & Bradstreet Price Performance

Shares of NYSE DNB opened at $10.55 on Tuesday. The firm has a 50-day simple moving average of $9.78 and a 200-day simple moving average of $10.48. 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 stock has a market capitalization of $4.67 billion, a price-to-earnings ratio of -131.88, a price-to-earnings-growth ratio of 2.20 and a beta of 1.15. Dun & Bradstreet has a 52 week low of $8.68 and a 52 week high of $12.62.

Dun & Bradstreet (NYSE:DNBGet Free Report) last released its quarterly earnings data on Thursday, February 15th. The business services provider reported $0.32 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.01. The company had revenue of $630.40 million during the quarter, compared to the consensus estimate of $623.19 million. Dun & Bradstreet had a negative net margin of 1.56% and a positive return on equity of 10.99%. Dun & Bradstreet’s quarterly revenue was up 5.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.28 EPS. On average, equities analysts predict that Dun & Bradstreet will post 0.89 earnings per share for the current fiscal year.

Insider Buying and Selling at Dun & Bradstreet

In related news, Director Cannae Holdings, Inc. sold 10,000,000 shares of Dun & Bradstreet stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $10.09, for a total value of $100,900,000.00. Following the completion of the sale, the director now owns 69,048,691 shares in the company, valued at approximately $696,701,292.19. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 10.00% of the stock is currently owned by corporate insiders.

Institutional Trading of Dun & Bradstreet

Hedge funds have recently made changes to their positions in the business. Bank of New York Mellon Corp boosted its holdings in Dun & Bradstreet by 4.9% in the third quarter. Bank of New York Mellon Corp now owns 1,375,045 shares of the business services provider’s stock valued at $13,737,000 after purchasing an additional 64,359 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Dun & Bradstreet by 14.8% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 43,101 shares of the business services provider’s stock valued at $431,000 after buying an additional 5,572 shares during the period. Principal Financial Group Inc. grew its position in shares of Dun & Bradstreet by 5.6% during the third quarter. Principal Financial Group Inc. now owns 21,433 shares of the business services provider’s stock worth $214,000 after buying an additional 1,127 shares in the last quarter. California Public Employees Retirement System increased its stake in shares of Dun & Bradstreet by 6.1% during the third quarter. California Public Employees Retirement System now owns 497,447 shares of the business services provider’s stock worth $4,969,000 after buying an additional 28,683 shares during the period. Finally, Wilbanks Smith & Thomas Asset Management LLC acquired a new stake in Dun & Bradstreet in the third quarter valued at approximately $176,000. Institutional investors and hedge funds own 86.68% of the company’s stock.

Dun & Bradstreet Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Dun & Bradstreet (NYSE:DNB)

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