RBC Capital Thinks Dun & Bradstreet Holdings’ Stock is Going to Recover

In a report released yesterday, Ashish Sabadra from RBC Capital maintained a Buy rating on Dun & Bradstreet Holdings (DNBResearch Report), with a price target of $20.00. The company’s shares closed last Thursday at $17.96, close to its 52-week low of $16.61.

According to TipRanks.com, Sabadra is a 3-star analyst with an average return of 5.2% and a 46.2% success rate. Sabadra covers the Services sector, focusing on stocks such as HireRight Holdings Corp, Vivint Smart Home, and ARAMARK Holdings.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Dun & Bradstreet Holdings with a $22.67 average price target, a 24.9% upside from current levels. In a report issued on February 16, Needham also reiterated a Buy rating on the stock with a $28.00 price target.

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Based on Dun & Bradstreet Holdings’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $542 million and net profit of $16.6 million. In comparison, last year the company earned revenue of $444 million and had a GAAP net loss of $16.3 million.

Based on the recent corporate insider activity of 29 insiders, corporate insider sentiment is neutral on the stock.

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Dun & Bradstreet Holdings Inc is one of the leading providers of business decisioning data and analytics. The company provides commercial credit decisioning, which helps businesses to make informed decisions when considering extending business loans and trade credit. Also, the company offers solutions to firms looking to analyze supplier relationships and more effectively collect outstanding receivables. Other services provided by company include digital marketing, sales acceleration, and risk management among others.

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