The Goldman Sachs Group Has Lowered Expectations for Dun & Bradstreet (NYSE:DNB) Stock Price

Dun & Bradstreet (NYSE:DNB) had its price target reduced by research analysts at The Goldman Sachs Group from $12.80 to $11.00 in a research report issued on Friday,Benzinga reports. The firm currently has a “neutral” rating on the business services provider’s stock. The Goldman Sachs Group’s target price points to a potential upside of 18.85% from the company’s previous close.

Several other equities analysts have also recently commented on the stock. Royal Bank of Canada reiterated a “sector perform” rating and set a $12.00 target price on shares of Dun & Bradstreet in a research note on Wednesday, January 29th. Needham & Company LLC dropped their price objective on shares of Dun & Bradstreet from $17.00 to $14.00 and set a “buy” rating for the company in a research note on Friday. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $12.50.

Dun & Bradstreet Stock Performance

Shares of NYSE DNB traded down $0.19 during trading hours on Friday, hitting $9.26. 1,534,357 shares of the stock were exchanged, compared to its average volume of 3,848,535. 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 company’s 50 day moving average is $11.68 and its 200 day moving average is $11.77. The firm has a market capitalization of $4.09 billion, a P/E ratio of -116.44, a P/E/G ratio of 2.47 and a beta of 1.14. Dun & Bradstreet has a one year low of $8.77 and a one year high of $12.94.

Dun & Bradstreet (NYSE:DNB) last posted its quarterly earnings data on Thursday, February 20th. The business services provider reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.05). The firm had revenue of $631.90 million for the quarter, compared to the consensus estimate of $658.04 million. Dun & Bradstreet had a positive return on equity of 11.50% and a negative net margin of 1.46%. On average, research analysts expect that Dun & Bradstreet will post 0.88 EPS for the current year.

Institutional Investors Weigh In On Dun & Bradstreet

A number of hedge funds have recently made changes to their positions in DNB. Amundi increased its position in shares of Dun & Bradstreet by 27.9% during the 4th quarter. Amundi now owns 5,158 shares of the business services provider’s stock worth $64,000 after purchasing an additional 1,126 shares in the last quarter. Blue Trust Inc. grew its position in shares of Dun & Bradstreet by 28.2% during the 3rd quarter. Blue Trust Inc. now owns 5,833 shares of the business services provider’s stock worth $67,000 after buying an additional 1,284 shares during the period. Neo Ivy Capital Management acquired a new stake in shares of Dun & Bradstreet during the 4th quarter worth approximately $96,000. KBC Group NV grew its position in shares of Dun & Bradstreet by 33.9% during the 3rd quarter. KBC Group NV now owns 9,878 shares of the business services provider’s stock worth $114,000 after buying an additional 2,499 shares during the period. Finally, Paloma Partners Management Co acquired a new stake in shares of Dun & Bradstreet during the 3rd quarter worth approximately $117,000. Institutional investors and hedge funds own 86.68% of the company’s stock.

Dun & Bradstreet Company Profile

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.