Zacks Reiterates “Neutral” Rating for Dun & Bradstreet Corp. (DNB)
Dun & Bradstreet Corp. (NYSE:DNB)‘s stock had its “neutral” rating reaffirmed by Zacks in a note issued to investors on Monday, StockRatingsNetwork reports. They currently have a $125.00 price target on the stock. Zacks‘ target price would indicate a potential upside of 5.07% from the company’s current price.
Zacks‘ analyst wrote, “D&B reported mixed third-quarter results. While earnings comprehensively beat the Zacks Consensus Estimate, revenues missed the mark. We believe that the company’s outlook reflects a sluggish macroeconomic environment in its operating markets. Further, a sequential decline in revenues in the Asia-Pacific market will remain a concern in the near term. Moreover, we believe that increasing competition will hurt profitability, going forward. Nevertheless, we believe that D&B’s high-margin business model, strong international growth potential, emerging market growth opportunities, strategic investments, incremental cost savings and new product pipeline will drive growth over the long term. Thus, we maintain a Neutral recommendation and set a price target of $125.00.”
Dun & Bradstreet Corp. (NYSE:DNB) traded down 0.47% during mid-day trading on Monday, hitting $118.97. 560,098 shares of the company’s stock traded hands. Dun & Bradstreet Corp. has a 52 week low of $77.60 and a 52 week high of $124.59. The stock’s 50-day moving average is $119.4 and its 200-day moving average is $109.2. The company has a market cap of $4.540 billion and a price-to-earnings ratio of 17.45.
Dun & Bradstreet Corp. (NYSE:DNB) last released its earnings data on Monday, November 4th. The company reported $2.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.90 by $0.11. The company had revenue of $411.10 million for the quarter, compared to the consensus estimate of $413.52 million. During the same quarter in the previous year, the company posted $1.76 earnings per share. The company’s revenue for the quarter was down .5% on a year-over-year basis. On average, analysts predict that Dun & Bradstreet Corp. will post $7.70 earnings per share for the current fiscal year.
Separately, analysts at TheStreet upgraded shares of Dun & Bradstreet Corp. to a “buy” rating in a research note to investors on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the stock. Dun & Bradstreet Corp. presently has a consensus rating of “Hold” and a consensus target price of $96.00.
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