Barclays Increases Dun & Bradstreet (NYSE:DNB) Price Target to $12.00

Dun & Bradstreet (NYSE:DNB) had its target price boosted by analysts at Barclays from $11.00 to $12.00 in a report released on Friday, Benzinga reports. The brokerage currently has an “equal weight” rating on the business services provider’s stock. Barclays‘s price target would indicate a potential upside of 3.45% from the company’s previous close.

A number of other research analysts have also recently issued reports on DNB. Royal Bank of Canada cut their price objective on Dun & Bradstreet from $15.00 to $12.00 and set a “sector perform” rating for the company in a report on Friday, August 2nd. Needham & Company LLC restated a “buy” rating and issued a $17.00 price target on shares of Dun & Bradstreet in a research report on Monday, August 5th. The Goldman Sachs Group raised their price objective on shares of Dun & Bradstreet from $10.40 to $11.80 and gave the stock a “neutral” rating in a report on Monday, August 5th. JPMorgan Chase & Co. boosted their target price on Dun & Bradstreet from $11.00 to $13.00 and gave the stock a “neutral” rating in a report on Monday, August 5th. Finally, StockNews.com raised Dun & Bradstreet from a “sell” rating to a “hold” rating in a report on Thursday, September 5th. One analyst has rated the stock with a sell rating, four have issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Dun & Bradstreet presently has an average rating of “Hold” and a consensus target price of $13.85.

Dun & Bradstreet Price Performance

Shares of Dun & Bradstreet stock opened at $11.60 on Friday. The firm has a market cap of $5.12 billion, a P/E ratio of -145.00, a price-to-earnings-growth ratio of 2.14 and a beta of 1.16. The firm’s 50-day simple moving average is $11.21 and its 200-day simple moving average is $10.24. Dun & Bradstreet has a twelve month low of $8.68 and a twelve month high of $12.75. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.71 and a current ratio of 0.71.

Dun & Bradstreet (NYSE:DNB) last released its quarterly earnings data on Thursday, August 1st. The business services provider reported $0.23 earnings per share for the quarter, meeting the consensus estimate of $0.23. The company had revenue of $576.20 million for the quarter, compared to analyst estimates of $580.77 million. Dun & Bradstreet had a positive return on equity of 11.35% and a negative net margin of 1.42%. The company’s revenue was up 3.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.17 EPS. As a group, research analysts expect that Dun & Bradstreet will post 0.89 EPS for the current fiscal year.

Hedge Funds Weigh In On Dun & Bradstreet

Several hedge funds have recently added to or reduced their stakes in the company. Treasurer of the State of North Carolina lifted its position in Dun & Bradstreet by 1.0% during the 4th quarter. Treasurer of the State of North Carolina now owns 120,806 shares of the business services provider’s stock valued at $1,413,000 after purchasing an additional 1,180 shares during the period. OLD National Bancorp IN raised its stake in shares of Dun & Bradstreet by 6.9% during the second quarter. OLD National Bancorp IN now owns 19,931 shares of the business services provider’s stock worth $185,000 after buying an additional 1,286 shares during the last quarter. Envestnet Portfolio Solutions Inc. lifted its holdings in Dun & Bradstreet by 12.6% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 13,708 shares of the business services provider’s stock valued at $127,000 after buying an additional 1,533 shares during the period. Blue Trust Inc. boosted its stake in Dun & Bradstreet by 129.1% in the second 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 last quarter. Finally, Tidal Investments LLC grew its holdings in Dun & Bradstreet by 10.2% during the 1st quarter. Tidal Investments LLC now owns 30,924 shares of the business services provider’s stock worth $310,000 after acquiring an additional 2,856 shares during the period. Institutional investors own 86.68% of the company’s stock.

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.