Dun & Bradstreet Corp. Receives “Neutral” Rating from Zacks (DNB)
Dun & Bradstreet Corp. (NYSE:DNB)‘s stock had its “neutral” rating reiterated by Zacks in a report released on Friday. They currently have a $118.00 price target on the stock. Zacks‘s target price points to a potential upside of 5.00% from the stock’s previous close.
Zacks’ analyst wrote, “D&B reported mixed first-quarter 2014 results. Although earnings surpassed the Zacks Consensus Estimate, revenues lagged the same. The company provided cautious revenue guidance due to sluggish growth prospect of the core risk management solution business. The company continues to upgrade its core DNBi solution to cloud, which will attract customers over the long term. However, this transition will affect top-line growth in the near term. Moreover, additional investments in cloud upgrade will hurt profitability. Further, a highly leveraged balance sheet and intense competition are the major headwinds. Nevertheless, we believe that D&B’s high-margin business model, strong international growth potential, strategic investments, partnerships with Salesforce.com, SugarCRM and First Rain, accretive cloud-based acquisitions and aggressive share buyback will drive growth in the long run. We maintain our Neutral recommendation on the stock and set a price target of $118.00.”
Shares of Dun & Bradstreet Corp. (NYSE:DNB) traded up 1.04% during mid-day trading on Friday, hitting $112.38. 138,670 shares of the company’s stock traded hands. Dun & Bradstreet Corp. has a 1-year low of $94.29 and a 1-year high of $124.59. The stock’s 50-day moving average is $106.0 and its 200-day moving average is $106.4. The company has a market cap of $4.160 billion and a price-to-earnings ratio of 14.80.
Dun & Bradstreet Corp. (NYSE:DNB) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $1.55 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.33 by $0.22. The company had revenue of $381.90 million for the quarter, compared to the consensus estimate of $384.45 million. During the same quarter last year, the company posted $1.36 earnings per share. Dun & Bradstreet Corp.’s revenue was up .2% compared to the same quarter last year. On average, analysts predict that Dun & Bradstreet Corp. will post $7.47 earnings per share for the current fiscal year.
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