Dun & Bradstreet Corporation (The) (NYSE:DNB) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Thursday. The firm currently has a $124.00 price target on the business services provider’s stock. Zacks Investment Research‘s target price points to a potential upside of 12.99% from the company’s current price.

According to Zacks, “We continue to expect that Dun & Bradstreet will benefit from its high-margin business model and strong product portfolio. Its partnerships with big players have also helped it bring many more customers into the fold. Plus, the company is also well-positioned to gain from its strategic acquisitions and alliances. The company’s focus on expanding analytics capabilities is also a positive. Plus, cost savings resulted in a strong operating margin performance in the last reported quarter. Management has now raised the lower end of its operating margin growth for the year. However, stiff competition, weak DNBi business and high debt continue to remain areas of concerns. Shares have underperformed the broader market in the past one year.”

Separately, BidaskClub raised shares of Dun & Bradstreet Corporation (The) from a “sell” rating to a “hold” rating in a research report on Thursday, June 29th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. Dun & Bradstreet Corporation (The) has a consensus rating of “Hold” and an average price target of $116.33.

Dun & Bradstreet Corporation (NYSE:DNB) opened at 109.74 on Thursday. The stock’s 50 day moving average is $111.39 and its 200-day moving average is $108.32. The company has a market cap of $4.06 billion, a P/E ratio of 37.36 and a beta of 1.22. Dun & Bradstreet Corporation has a 12-month low of $100.46 and a 12-month high of $137.58.

Dun & Bradstreet Corporation (The) (NYSE:DNB) last announced its quarterly earnings data on Wednesday, August 2nd. The business services provider reported $1.40 EPS for the quarter, topping the Zacks’ consensus estimate of $1.16 by $0.24. The business had revenue of $408.40 million for the quarter, compared to analyst estimates of $410.90 million. Dun & Bradstreet Corporation (The) had a net margin of 6.36% and a negative return on equity of 26.85%. The firm’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.37 earnings per share. Analysts predict that Dun & Bradstreet Corporation will post $7.04 earnings per share for the current fiscal year.

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A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Creative Planning raised its position in Dun & Bradstreet Corporation (The) by 2.0% during the second quarter. Creative Planning now owns 1,257 shares of the business services provider’s stock worth $136,000 after acquiring an additional 25 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its position in Dun & Bradstreet Corporation (The) by 0.6% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 5,392 shares of the business services provider’s stock worth $582,000 after acquiring an additional 31 shares in the last quarter. Mason Street Advisors LLC raised its position in Dun & Bradstreet Corporation (The) by 1.1% during the first quarter. Mason Street Advisors LLC now owns 5,088 shares of the business services provider’s stock worth $549,000 after acquiring an additional 56 shares in the last quarter. Oregon Public Employees Retirement Fund raised its position in Dun & Bradstreet Corporation (The) by 2.7% during the first quarter. Oregon Public Employees Retirement Fund now owns 3,847 shares of the business services provider’s stock worth $415,000 after acquiring an additional 100 shares in the last quarter. Finally, Utah Retirement Systems raised its position in Dun & Bradstreet Corporation (The) by 1.5% during the second quarter. Utah Retirement Systems now owns 6,805 shares of the business services provider’s stock worth $736,000 after acquiring an additional 100 shares in the last quarter. 90.31% of the stock is currently owned by hedge funds and other institutional investors.

Dun & Bradstreet Corporation (The) Company Profile

The Dun & Bradstreet Corporation is the source of commercial data, analytics and insight on businesses. The Company operates through two segments: Americas, which consists of its operations in the United States and Canada, and Non-Americas, which consists of its operations in the United Kingdom, Greater China, India, and its European and Asia Pacific Worldwide Networks.

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