Dun & Bradstreet (NYSE:DNB) Given New $13.00 Price Target at Jefferies Financial Group

Dun & Bradstreet (NYSE:DNB) had its target price decreased by analysts at Jefferies Financial Group from $14.00 to $13.00 in a research note issued to investors on Friday, Benzinga reports. The brokerage presently has a “buy” rating on the business services provider’s stock. Jefferies Financial Group’s target price indicates a potential upside of 38.00% from the stock’s previous close.

A number of other analysts have also recently commented on the company. Needham & Company LLC dropped their price target on Dun & Bradstreet from $18.00 to $17.00 and set a “buy” rating on the stock in a research report on Friday, February 16th. Raymond James raised Dun & Bradstreet from an “outperform” rating to a “strong-buy” rating and set a $18.00 price target on the stock in a research report on Friday, January 5th. Finally, The Goldman Sachs Group boosted their price target on Dun & Bradstreet from $10.30 to $11.50 and gave the stock a “neutral” rating in a research report on Friday, February 16th. Four equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $13.64.

Dun & Bradstreet Stock Performance

Dun & Bradstreet stock opened at $9.42 on Friday. The stock’s 50 day simple moving average is $10.27 and its two-hundred day simple moving average is $10.49. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.63 and a current ratio of 0.63. The stock has a market cap of $4.13 billion, a price-to-earnings ratio of -85.64, a PEG ratio of 2.04 and a beta of 1.15. Dun & Bradstreet has a fifty-two week low of $8.68 and a fifty-two week high of $12.62.

Dun & Bradstreet (NYSE:DNB) last posted its quarterly earnings data on Thursday, February 15th. The business services provider reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.01. The business had revenue of $630.40 million for the quarter, compared to analysts’ expectations of $623.19 million. Dun & Bradstreet had a positive return on equity of 10.65% and a negative net margin of 2.03%. The business’s revenue was up 5.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.28 EPS. As a group, analysts expect that Dun & Bradstreet will post 0.88 earnings per share for the current fiscal year.

Insider Activity at Dun & Bradstreet

In related news, Director Cannae Holdings, Inc. sold 10,000,000 shares of the company’s stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $10.09, for a total value of $100,900,000.00. Following the transaction, the director now directly owns 69,048,691 shares of the company’s stock, valued at approximately $696,701,292.19. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 10.00% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Dun & Bradstreet

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Massachusetts Financial Services Co. MA lifted its position in Dun & Bradstreet by 19.4% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 42,420,747 shares of the business services provider’s stock valued at $496,323,000 after acquiring an additional 6,893,645 shares in the last quarter. Vanguard Group Inc. raised its stake in Dun & Bradstreet by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 26,559,651 shares of the business services provider’s stock valued at $310,748,000 after buying an additional 263,766 shares during the last quarter. Capital International Investors raised its stake in Dun & Bradstreet by 3.9% during the 1st quarter. Capital International Investors now owns 26,497,270 shares of the business services provider’s stock valued at $464,232,000 after buying an additional 1,004,250 shares during the last quarter. BlackRock Inc. raised its stake in Dun & Bradstreet by 16.3% during the 2nd quarter. BlackRock Inc. now owns 22,810,544 shares of the business services provider’s stock valued at $263,918,000 after buying an additional 3,201,681 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC raised its stake in Dun & Bradstreet by 4.3% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 14,208,101 shares of the business services provider’s stock valued at $166,235,000 after buying an additional 588,460 shares during the last quarter. 86.68% of the stock is owned by institutional investors.

About Dun & Bradstreet

Dun & Bradstreet Holdings, Inc, together with its subsidiaries, provides business-to-business data and analytics in North America and internationally. It offers finance and risk solutions, including D&B Finance Analytics, an online application that offers clients real time access to its information, comprehensive monitoring, and portfolio analysis; D&B Direct, an application programming interface (API) that delivers risk and financial data directly into enterprise applications for real-time credit decision-making; D&B Small Business, a suite of tools that allows SMBs to monitor and build their business credit file; D&B Enterprise Risk Assessment Manager, a solution for managing and automating credit decisioning and reporting; and D&B Risk Analytics, a subscription-based online application that offers clients real-time access to complete and up-to-date global information to mitigate supply chain risk, regulatory risk, and ESG assessment, as well as other related risks; Risk Guardian, a subscription-based online application that offers real-time access to Northern Europe information, monitoring, and portfolio analysis; and D&B Beneficial Ownership that offers risk intelligence on ultimate beneficial ownership.