Dun & Bradstreet (NYSE:DNB) Downgraded by StockNews.com to “Sell”

StockNews.com lowered shares of Dun & Bradstreet (NYSE:DNB) from a hold rating to a sell rating in a research note published on Friday.

DNB has been the subject of several other reports. Needham & Company LLC restated a buy rating and set a $17.00 price objective on shares of Dun & Bradstreet in a research report on Monday, August 5th. Barclays lifted their price target on Dun & Bradstreet from $11.00 to $12.00 and gave the stock an equal weight rating in a report on Friday. The Goldman Sachs Group upped their price objective on Dun & Bradstreet from $10.40 to $11.80 and gave the company a neutral rating in a report on Monday, August 5th. Royal Bank of Canada dropped their target price on Dun & Bradstreet from $15.00 to $12.00 and set a sector perform rating for the company in a report on Friday, August 2nd. Finally, JPMorgan Chase & Co. upped their price target on shares of Dun & Bradstreet from $11.00 to $13.00 and gave the company a neutral rating in a research note on Monday, August 5th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of Hold and an average target price of $13.85.

Dun & Bradstreet Price Performance

NYSE:DNB opened at $11.66 on Friday. Dun & Bradstreet has a 12-month low of $8.68 and a 12-month high of $12.75. The firm has a market capitalization of $5.16 billion, a price-to-earnings ratio of -145.75, a P/E/G ratio of 2.14 and a beta of 1.16. The stock’s 50 day moving average price is $11.26 and its two-hundred day moving average price is $10.25. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 1.08.

Dun & Bradstreet (NYSE:DNB) last released its quarterly earnings data on Thursday, August 1st. The business services provider reported $0.23 EPS for the quarter, hitting analysts’ consensus estimates of $0.23. The firm had revenue of $576.20 million during the quarter, compared to analysts’ expectations of $580.77 million. Dun & Bradstreet had a negative net margin of 1.42% and a positive return on equity of 11.35%. The company’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.17 earnings per share. On average, analysts anticipate that Dun & Bradstreet will post 0.89 earnings per share for the current year.

Dun & Bradstreet Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 19th. Investors of record on Thursday, September 5th will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Thursday, September 5th. This represents a $0.20 annualized dividend and a yield of 1.72%. Dun & Bradstreet’s dividend payout ratio is -250.00%.

Hedge Funds Weigh In On Dun & Bradstreet

Several hedge funds have recently bought and sold shares of DNB. Treasurer of the State of North Carolina raised its position in shares of Dun & Bradstreet by 1.0% during the fourth quarter. Treasurer of the State of North Carolina now owns 120,806 shares of the business services provider’s stock worth $1,413,000 after acquiring an additional 1,180 shares during the last quarter. OLD National Bancorp IN boosted its stake in shares of Dun & Bradstreet by 6.9% in the 2nd quarter. OLD National Bancorp IN now owns 19,931 shares of the business services provider’s stock valued at $185,000 after purchasing an additional 1,286 shares during the last quarter. Envestnet Portfolio Solutions Inc. increased its position in shares of Dun & Bradstreet by 12.6% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 13,708 shares of the business services provider’s stock worth $127,000 after buying an additional 1,533 shares during the period. Blue Trust Inc. raised its stake in Dun & Bradstreet by 129.1% during the second quarter. Blue Trust Inc. now owns 4,549 shares of the business services provider’s stock worth $46,000 after buying an additional 2,563 shares during the last quarter. Finally, Tidal Investments LLC grew its holdings in Dun & Bradstreet by 10.2% during the 1st quarter. Tidal Investments LLC now owns 30,924 shares of the business services provider’s stock worth $310,000 after acquiring an additional 2,856 shares during the period. 86.68% of the stock is owned by institutional investors.

Dun & Bradstreet Company Profile

Dun & Bradstreet Holdings, Inc, together with its subsidiaries, provides business-to-business 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 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 to mitigate supply chain risk, regulatory risk, and ESG assessment, as well as other related risks; Risk Guardian, a subscription-based online application that offers real-time access to Northern Europe information, monitoring, and portfolio analysis; and D&B Beneficial Ownership that offers risk intelligence on ultimate beneficial ownership.