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

Dun & Bradstreet (NYSE:DNB)‘s stock had its “hold” rating reaffirmed by Needham & Company LLC in a research note issued to investors on Monday,Benzinga reports. They currently have a $14.00 price target on the business services provider’s stock. Needham & Company LLC’s price target points to a potential upside of 55.64% from the stock’s current price.

Several other equities analysts also recently commented on DNB. The Goldman Sachs Group cut their price objective on Dun & Bradstreet from $12.80 to $11.00 and set a “neutral” rating on the stock in a research report on Friday, February 21st. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $12.00 price target on shares of Dun & Bradstreet in a research report on Wednesday, January 29th. Six research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $12.50.

Dun & Bradstreet Trading Up 3.0 %

DNB traded up $0.27 on Monday, hitting $9.00. The company had a trading volume of 51,105,068 shares, compared to its average volume of 3,517,663. Dun & Bradstreet has a 1 year low of $7.78 and a 1 year high of $12.95. The firm has a market cap of $3.97 billion, a P/E ratio of -149.89, a PEG ratio of 2.21 and a beta of 1.19. The company’s fifty day moving average price is $10.21 and its 200 day moving average price is $11.29. The company has a current ratio of 0.65, a quick ratio of 0.70 and a debt-to-equity ratio of 1.06.

Dun & Bradstreet (NYSE:DNB) last released its earnings results on Thursday, February 20th. The business services provider reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.05). Dun & Bradstreet had a negative net margin of 1.20% and a positive return on equity of 11.29%. The firm had revenue of $631.90 million during the quarter, compared to analyst estimates of $658.04 million. As a group, equities analysts expect that Dun & Bradstreet will post 0.96 earnings per share for the current year.

Hedge Funds Weigh In On Dun & Bradstreet

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Amundi lifted its position in shares of Dun & Bradstreet by 27.9% during the 4th quarter. Amundi now owns 5,158 shares of the business services provider’s stock worth $64,000 after buying an additional 1,126 shares during the last quarter. Neo Ivy Capital Management acquired a new stake in Dun & Bradstreet during the 4th quarter worth $96,000. Paloma Partners Management Co purchased a new stake in Dun & Bradstreet in the third quarter valued at $117,000. Empowered Funds LLC acquired a new position in Dun & Bradstreet in the fourth quarter valued at $127,000. Finally, Y Intercept Hong Kong Ltd purchased a new position in shares of Dun & Bradstreet during the third quarter worth about $120,000. 86.68% of the stock is owned by institutional investors and hedge funds.

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.