Dun & Bradstreet Corporation (The) (NYSE:DNB) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Thursday. The firm presently has a $124.00 target price on the business services provider’s stock. Zacks Investment Research‘s price target suggests a potential upside of 13.35% from the company’s current price.

According to Zacks, “We continue to expect that Dun & Bradstreet will benefit from its high-margin business model and strong product portfolio. Its partnerships with big players have also helped it bring many more customers into the fold. Plus, the company is also well-positioned to gain from its strategic acquisitions and alliances. The company’s focus on expanding analytics capabilities is also a positive. Plus, cost savings resulted in a strong operating margin performance in the last reported quarter. Management has now raised the lower end of its operating margin growth for the year. However, stiff competition, weak DNBi business and high debt continue to remain areas of concerns. Shares have underperformed the broader market in the past one year.”

Separately, BidaskClub upgraded shares of Dun & Bradstreet Corporation (The) from a “sell” rating to a “hold” rating in a research report on Thursday, June 29th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $116.33.

Shares of Dun & Bradstreet Corporation (NYSE:DNB) traded down 1.14% during midday trading on Thursday, reaching $109.40. The company had a trading volume of 342,136 shares. The company has a 50 day moving average price of $111.45 and a 200-day moving average price of $108.29. Dun & Bradstreet Corporation has a one year low of $100.46 and a one year high of $137.58. The firm has a market capitalization of $4.04 billion, a P/E ratio of 37.25 and a beta of 1.22.

Dun & Bradstreet Corporation (The) (NYSE:DNB) last released its quarterly earnings data on Wednesday, August 2nd. The business services provider reported $1.40 earnings per share for the quarter, beating analysts’ consensus estimates of $1.16 by $0.24. The business had revenue of $408.40 million during the quarter, compared to analyst estimates of $410.90 million. Dun & Bradstreet Corporation (The) had a net margin of 6.36% and a negative return on equity of 26.85%. Dun & Bradstreet Corporation (The)’s revenue was up 2.3% compared to the same quarter last year. During the same period in the previous year, the business earned $1.37 EPS. On average, analysts anticipate that Dun & Bradstreet Corporation will post $7.04 EPS for the current fiscal year.

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Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Creative Planning grew its position in shares of Dun & Bradstreet Corporation (The) by 2.0% during the 2nd quarter. Creative Planning now owns 1,257 shares of the business services provider’s stock valued at $136,000 after purchasing an additional 25 shares in the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. grew its position in shares of Dun & Bradstreet Corporation (The) by 66.7% during the 1st quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 1,500 shares of the business services provider’s stock valued at $162,000 after purchasing an additional 600 shares in the last quarter. ETF Managers Group LLC purchased a new position in shares of Dun & Bradstreet Corporation (The) during the 2nd quarter valued at $173,000. Nomura Holdings Inc. purchased a new position in shares of Dun & Bradstreet Corporation (The) during the 2nd quarter valued at $206,000. Finally, Tocqueville Asset Management L.P. purchased a new position in shares of Dun & Bradstreet Corporation (The) during the 2nd quarter valued at $216,000. Hedge funds and other institutional investors own 90.31% of the company’s stock.

Dun & Bradstreet Corporation (The) Company Profile

The Dun & Bradstreet Corporation is the source of commercial data, analytics and insight on businesses. The Company operates through two segments: Americas, which consists of its operations in the United States and Canada, and Non-Americas, which consists of its operations in the United Kingdom, Greater China, India, and its European and Asia Pacific Worldwide Networks.

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