Needham & Company LLC Reiterates Buy Rating for Dun & Bradstreet (NYSE:DNB)

Dun & Bradstreet (NYSE:DNB)‘s stock had its “buy” rating reaffirmed by stock analysts at Needham & Company LLC in a research report issued to clients and investors on Friday, Benzinga reports. They currently have a $17.00 target price on the business services provider’s stock. Needham & Company LLC’s target price suggests a potential upside of 42.74% from the stock’s current price.

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

Dun & Bradstreet Stock Performance

Shares of Dun & Bradstreet stock opened at $11.91 on Friday. The company’s 50 day moving average price is $11.47 and its 200-day moving average price is $10.58. Dun & Bradstreet has a 52-week low of $8.77 and a 52-week high of $12.75. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.71 and a current ratio of 0.70.

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

Institutional Trading of Dun & Bradstreet

A number of institutional investors and hedge funds have recently bought and sold shares of DNB. Evermay Wealth Management LLC bought a new stake in shares of Dun & Bradstreet during the first quarter valued at approximately $37,000. Blue Trust Inc. boosted its stake in Dun & Bradstreet by 129.1% during the 2nd quarter. Blue Trust Inc. now owns 4,549 shares of the business services provider’s stock valued at $46,000 after purchasing an additional 2,563 shares during the last quarter. Headlands Technologies LLC bought a new stake in shares of Dun & Bradstreet in the 1st quarter worth $70,000. Canada Pension Plan Investment Board raised its stake in shares of Dun & Bradstreet by 85.1% in 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 last quarter. Finally, Xponance Inc. purchased a new stake in shares of Dun & Bradstreet during the second quarter valued at $100,000. 86.68% of the stock is currently owned by 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.