Needham & Company LLC Reaffirms “Buy” Rating for Dun & Bradstreet (NYSE:DNB)

Needham & Company LLC reaffirmed their buy rating on shares of Dun & Bradstreet (NYSE:DNB) in a research report sent to investors on Monday, Benzinga reports. Needham & Company LLC currently has a $17.00 target price on the business services provider’s stock.

A number of other brokerages have also issued reports on DNB. Jefferies Financial Group decreased their target price on shares of Dun & Bradstreet from $14.00 to $13.00 and set a buy rating on the stock in a research report on Friday, April 12th. The Goldman Sachs Group lifted their price target on shares of Dun & Bradstreet from $10.40 to $11.80 and gave the company a neutral rating in a report on Monday. Finally, Royal Bank of Canada decreased their price target on shares of Dun & Bradstreet from $15.00 to $12.00 and set a sector perform rating on the stock in a report on Friday, August 2nd. One analyst has rated the stock with a sell rating, four have issued a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Dun & Bradstreet presently has an average rating of Hold and a consensus target price of $13.73.

Dun & Bradstreet Stock Down 0.6 %

Shares of NYSE DNB opened at $11.61 on Monday. Dun & Bradstreet has a 1 year low of $8.68 and a 1 year high of $12.75. The firm’s 50 day moving average price is $9.80 and its 200 day moving average price is $10.12. The firm has a market cap of $5.14 billion, a P/E ratio of -145.06, a price-to-earnings-growth ratio of 1.89 and a beta of 1.15. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.62 and a current ratio of 0.71.

Dun & Bradstreet (NYSE:DNB) last announced its earnings results on Thursday, August 1st. The business services provider reported $0.23 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.23. Dun & Bradstreet had a negative net margin of 1.42% and a positive return on equity of 11.35%. The firm had revenue of $576.20 million for the quarter, compared to analyst estimates of $580.77 million. During the same quarter last year, the business earned $0.17 earnings per share. Dun & Bradstreet’s revenue was up 3.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that Dun & Bradstreet will post 0.89 earnings per share for the current year.

Dun & Bradstreet Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 19th. Stockholders of record on Thursday, September 5th will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.72%. The ex-dividend date of this dividend is Thursday, September 5th. Dun & Bradstreet’s dividend payout ratio is presently -250.00%.

Hedge Funds Weigh In On Dun & Bradstreet

Hedge funds have recently made changes to their positions in the business. Parkside Financial Bank & Trust raised its stake in shares of Dun & Bradstreet by 7,260.5% in the 4th quarter. Parkside Financial Bank & Trust now owns 2,797 shares of the business services provider’s stock valued at $33,000 after acquiring an additional 2,759 shares during the period. Signaturefd LLC raised its stake in shares of Dun & Bradstreet by 100.7% in the 4th quarter. Signaturefd LLC now owns 3,541 shares of the business services provider’s stock valued at $41,000 after acquiring an additional 1,777 shares during the period. Evermay Wealth Management LLC purchased a new position in shares of Dun & Bradstreet in the 1st quarter valued at $37,000. Blue Trust Inc. raised its stake in shares of Dun & Bradstreet by 129.1% in the 2nd quarter. Blue Trust Inc. now owns 4,549 shares of the business services provider’s stock valued at $46,000 after acquiring an additional 2,563 shares during the period. Finally, Headlands Technologies LLC purchased a new position in shares of Dun & Bradstreet in the 1st quarter valued at $70,000. Hedge funds and other institutional investors own 86.68% of the company’s stock.

Dun & Bradstreet Company Profile

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.