Truist Financial Lowers Dun & Bradstreet (NYSE:DNB) Price Target to $14.00

Dun & Bradstreet (NYSE:DNB) had its price objective reduced by Truist Financial from $16.00 to $14.00 in a research note issued on Friday, Benzinga reports. The brokerage currently has a “buy” rating on the business services provider’s stock. Truist Financial’s price objective indicates a potential upside of 43.88% from the company’s current price.

Other analysts have also recently issued research reports about the company. Barclays lowered their price target on Dun & Bradstreet from $13.00 to $11.00 and set an “equal weight” rating for the company in a research report on Friday, October 6th. Needham & Company LLC reaffirmed a “buy” rating and set a $18.00 price target on shares of Dun & Bradstreet in a research report on Wednesday, August 16th. StockNews.com began coverage on Dun & Bradstreet in a research report on Thursday, October 5th. They set a “hold” rating for the company. Finally, TheStreet raised Dun & Bradstreet from a “d+” rating to a “c-” rating in a research report on Friday, July 28th. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, Dun & Bradstreet currently has an average rating of “Moderate Buy” and a consensus target price of $14.58.

Dun & Bradstreet Stock Up 4.6 %

Dun & Bradstreet stock opened at $9.73 on Friday. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.73 and a quick ratio of 0.71. The stock has a market capitalization of $4.27 billion, a price-to-earnings ratio of -162.17, a PEG ratio of 1.68 and a beta of 1.07. Dun & Bradstreet has a 1-year low of $8.68 and a 1-year high of $15.45. The business has a fifty day moving average price of $9.98 and a 200-day moving average price of $10.67.

Dun & Bradstreet (NYSE:DNB) last posted its quarterly earnings data on Thursday, August 3rd. The business services provider reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.02). The business had revenue of $554.70 million during the quarter, compared to analyst estimates of $549.65 million. Dun & Bradstreet had a positive return on equity of 10.48% and a negative net margin of 1.14%. Equities research analysts forecast that Dun & Bradstreet will post 0.82 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Anthony Pietrontone, Jr. sold 28,532 shares of the company’s stock in a transaction dated Tuesday, August 29th. The stock was sold at an average price of $10.93, for a total value of $311,854.76. Following the completion of the transaction, the insider now owns 74,049 shares of the company’s stock, valued at approximately $809,355.57. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Thomas H. Lee Advisors, Llc sold 13,657,926 shares of the company’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $11.12, for a total value of $151,876,137.12. Following the completion of the transaction, the director now owns 35,921,845 shares of the company’s stock, valued at approximately $399,450,916.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Anthony Pietrontone, Jr. sold 28,532 shares of the company’s stock in a transaction dated Tuesday, August 29th. The stock was sold at an average price of $10.93, for a total value of $311,854.76. Following the completion of the transaction, the insider now directly owns 74,049 shares of the company’s stock, valued at approximately $809,355.57. The disclosure for this sale can be found here. 10.00% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Dun & Bradstreet

A number of hedge funds have recently made changes to their positions in DNB. Advisor Group Holdings Inc. raised its holdings in shares of Dun & Bradstreet by 287.3% during the first quarter. Advisor Group Holdings Inc. now owns 2,750 shares of the business services provider’s stock valued at $48,000 after acquiring an additional 2,040 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Dun & Bradstreet by 42.8% during the first quarter. JPMorgan Chase & Co. now owns 42,698 shares of the business services provider’s stock valued at $748,000 after acquiring an additional 12,791 shares during the last quarter. US Bancorp DE acquired a new position in shares of Dun & Bradstreet during the first quarter valued at approximately $96,000. Private Advisor Group LLC acquired a new position in shares of Dun & Bradstreet during the first quarter valued at approximately $348,000. Finally, PNC Financial Services Group Inc. raised its holdings in shares of Dun & Bradstreet by 5,483.1% during the first quarter. PNC Financial Services Group Inc. now owns 3,964 shares of the business services provider’s stock valued at $70,000 after acquiring an additional 3,893 shares during the last quarter. Institutional investors and hedge funds own 86.68% of the company’s stock.

About Dun & Bradstreet

Dun & Bradstreet Holdings, Inc provides business decisioning 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 powerful 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.