Dun & Bradstreet (NYSE:DNB) Upgraded by StockNews.com to “Hold”

StockNews.com upgraded shares of Dun & Bradstreet (NYSE:DNB) from a sell rating to a hold rating in a research report sent to investors on Saturday.

A number of other research analysts have also issued reports on the stock. Barclays upped their price target on shares of Dun & Bradstreet from $11.00 to $12.00 and gave the company an equal weight rating in a research note on Friday, September 13th. JPMorgan Chase & Co. lifted their price target on Dun & Bradstreet from $11.00 to $13.00 and gave the stock a neutral rating in a research report on Monday, August 5th. Royal Bank of Canada cut their price objective on Dun & Bradstreet from $15.00 to $12.00 and set a sector perform rating on the stock in a report on Friday, August 2nd. Needham & Company LLC reaffirmed a buy rating and set a $17.00 target price on shares of Dun & Bradstreet in a report on Monday, August 5th. Finally, The Goldman Sachs Group upped their target price on Dun & Bradstreet from $10.40 to $11.80 and gave the company a neutral rating in a research report on Monday, August 5th. Five investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of Moderate Buy and a consensus price target of $13.85.

Dun & Bradstreet Stock Performance

Shares of DNB opened at $11.25 on Friday. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 1.08. The firm has a market cap of $4.98 billion, a PE ratio of -140.63, a P/E/G ratio of 2.14 and a beta of 1.16. Dun & Bradstreet has a 12 month low of $8.68 and a 12 month high of $12.75. The stock has a fifty day moving average price of $11.41 and a 200-day moving average price of $10.28.

Dun & Bradstreet (NYSE:DNB) last issued its quarterly earnings results on Thursday, August 1st. The business services provider reported $0.23 earnings per share for the quarter, hitting the consensus estimate of $0.23. Dun & Bradstreet had a positive return on equity of 11.35% and a negative net margin of 1.42%. The business had revenue of $576.20 million during the quarter, compared to the consensus estimate of $580.77 million. During the same quarter last year, the company earned $0.17 earnings per share. The company’s quarterly revenue was up 3.9% on a year-over-year basis. Equities research analysts predict that Dun & Bradstreet will post 0.89 earnings per share for the current fiscal year.

Dun & Bradstreet Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 19th. Shareholders of record on Thursday, September 5th were given a $0.05 dividend. The ex-dividend date was Thursday, September 5th. This represents a $0.20 annualized dividend and a yield of 1.78%. Dun & Bradstreet’s dividend payout ratio is presently -250.00%.

Hedge Funds Weigh In On Dun & Bradstreet

Institutional investors have recently made changes to their positions in the company. Evermay Wealth Management LLC purchased a new stake in Dun & Bradstreet during the first quarter worth $37,000. Blue Trust Inc. boosted its stake in shares of Dun & Bradstreet by 129.1% during the 2nd quarter. Blue Trust Inc. now owns 4,549 shares of the business services provider’s stock worth $46,000 after acquiring an additional 2,563 shares in the last quarter. Headlands Technologies LLC acquired a new stake in shares of Dun & Bradstreet during the 1st quarter valued at about $70,000. Canada Pension Plan Investment Board increased its stake in shares of Dun & Bradstreet by 85.1% in the 2nd quarter. Canada Pension Plan Investment Board now owns 8,700 shares of the business services provider’s stock valued at $81,000 after purchasing an additional 4,000 shares in the last quarter. Finally, Xponance Inc. acquired a new position in Dun & Bradstreet in the 2nd quarter worth about $100,000. 86.68% of the stock is owned by hedge funds and other institutional investors.

About Dun & Bradstreet

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.