Needham & Company LLC Issues Pessimistic Forecast for Dun & Bradstreet (NYSE:DNB) Stock Price

Dun & Bradstreet (NYSE:DNB) had its price target cut by research analysts at Needham & Company LLC from $17.00 to $14.00 in a research note issued on Friday,Benzinga reports. The firm presently has a “buy” rating on the business services provider’s stock. Needham & Company LLC’s price objective points to a potential upside of 48.23% from the stock’s current price.

Separately, Royal Bank of Canada reissued a “sector perform” rating and issued a $12.00 price objective on shares of Dun & Bradstreet in a research note on Wednesday, January 29th. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $12.50.

Dun & Bradstreet Stock Performance

DNB opened at $9.45 on Friday. Dun & Bradstreet has a fifty-two week low of $8.77 and a fifty-two week high of $12.94. The stock has a market capitalization of $4.17 billion, a price-to-earnings ratio of -157.39, a PEG ratio of 2.21 and a beta of 1.14. The company has a fifty day moving average of $11.63 and a 200 day moving average of $11.76. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.70 and a current ratio of 0.65.

Dun & Bradstreet (NYSE:DNB) last issued its quarterly earnings data on Thursday, February 20th. The business services provider reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.05). Dun & Bradstreet had a positive return on equity of 11.29% and a negative net margin of 1.20%. The business had revenue of $631.90 million during the quarter, compared to analysts’ expectations of $658.04 million. As a group, sell-side analysts forecast that Dun & Bradstreet will post 0.96 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Dun & Bradstreet

Several institutional investors have recently made changes to their positions in DNB. Blue Trust Inc. lifted its holdings in shares of Dun & Bradstreet by 28.2% in the 3rd quarter. Blue Trust Inc. now owns 5,833 shares of the business services provider’s stock worth $67,000 after acquiring an additional 1,284 shares during the last quarter. Raymond James & Associates lifted its holdings in Dun & Bradstreet by 8.6% during the 3rd quarter. Raymond James & Associates now owns 1,542,456 shares of the business services provider’s stock valued at $17,754,000 after buying an additional 122,460 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new stake in Dun & Bradstreet during the 3rd quarter valued at about $180,000. Harbor Capital Advisors Inc. lifted its holdings in Dun & Bradstreet by 96.2% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 1,166,781 shares of the business services provider’s stock valued at $13,430,000 after buying an additional 572,079 shares in the last quarter. Finally, Innealta Capital LLC lifted its holdings in Dun & Bradstreet by 56.7% during the 3rd quarter. Innealta Capital LLC now owns 17,577 shares of the business services provider’s stock valued at $202,000 after buying an additional 6,363 shares in the last quarter. Institutional investors own 86.68% of the company’s stock.

About Dun & Bradstreet

Dun & Bradstreet Holdings, Inc engages in providing business decisioning data and analytics solutions. The firm is involved in providing information with its solutions to support its clients with critical business operations. It offers end-to-end solutions to clients in the small business, finance, sales & marketing, third party risk & compliance, and public sectors.