Needham & Company LLC Issues Pessimistic Forecast for Dun & Bradstreet (NYSE:DNB) Stock Price

Dun & Bradstreet (NYSE:DNB) had its price target cut by Needham & Company LLC from $17.00 to $14.00 in a note issued to investors on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the business services provider’s stock. Needham & Company LLC’s price target indicates a potential upside of 48.38% from the stock’s current price.

Separately, Royal Bank of Canada reissued a “sector perform” rating and issued a $12.00 target price on shares of Dun & Bradstreet in a research note on Wednesday, January 29th. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, Dun & Bradstreet currently has an average rating of “Hold” and an average price target of $12.63.

Dun & Bradstreet Stock Down 10.4 %

Shares of NYSE:DNB opened at $9.44 on Friday. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.70 and a quick ratio of 0.70. The stock has a market cap of $4.17 billion, a price-to-earnings ratio of -117.94, a P/E/G ratio of 2.47 and a beta of 1.14. The company has a 50 day moving average of $11.68 and a 200-day moving average of $11.77. Dun & Bradstreet has a one year low of $8.77 and a one year high of $12.94.

Dun & Bradstreet (NYSE:DNB) last released its earnings results on Thursday, February 20th. The business services provider reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.05). Dun & Bradstreet had a positive return on equity of 11.50% and a negative net margin of 1.46%. On average, sell-side analysts forecast that Dun & Bradstreet will post 0.88 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Azora Capital LP lifted its holdings in shares of Dun & Bradstreet by 119.8% during the 3rd quarter. Azora Capital LP now owns 7,973,354 shares of the business services provider’s stock valued at $91,773,000 after purchasing an additional 4,346,033 shares in the last quarter. Norges Bank acquired a new position in shares of Dun & Bradstreet in the fourth quarter valued at approximately $42,016,000. Massachusetts Financial Services Co. MA increased its position in shares of Dun & Bradstreet by 5.9% during the third quarter. Massachusetts Financial Services Co. MA now owns 56,497,966 shares of the business services provider’s stock worth $650,292,000 after acquiring an additional 3,144,458 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of Dun & Bradstreet during the fourth quarter worth $26,817,000. Finally, FMR LLC lifted its position in Dun & Bradstreet by 17.8% in the 3rd quarter. FMR LLC now owns 11,465,075 shares of the business services provider’s stock valued at $131,963,000 after acquiring an additional 1,733,220 shares in the last quarter. 86.68% of the stock is owned by institutional investors and hedge funds.

About Dun & Bradstreet

Dun & Bradstreet Holdings, Inc engages in providing business decisioning data and analytics solutions. The firm is involved in providing information with its solutions to support its clients with critical business operations. It offers end-to-end solutions to clients in the small business, finance, sales & marketing, third party risk & compliance, and public sectors.