JPMorgan Chase & Co. Increases Dun & Bradstreet (NYSE:DNB) Price Target to $13.00

Dun & Bradstreet (NYSE:DNB) had its price target hoisted by JPMorgan Chase & Co. from $11.00 to $13.00 in a research note issued to investors on Monday, Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the business services provider’s stock.

DNB has been the topic of a number of other reports. Jefferies Financial Group dropped their price target on Dun & Bradstreet from $14.00 to $13.00 and set a buy rating on the stock in a research report on Friday, April 12th. Royal Bank of Canada cut their target price on Dun & Bradstreet from $15.00 to $12.00 and set a sector perform rating on the stock in a research note on Friday, August 2nd. Needham & Company LLC restated a buy rating and set a $17.00 price target on shares of Dun & Bradstreet in a research report on Monday. Finally, The Goldman Sachs Group increased their price objective on shares of Dun & Bradstreet from $10.40 to $11.80 and gave the stock a neutral rating in a report on Monday. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of Hold and an average target price of $13.73.

Dun & Bradstreet Stock Performance

DNB stock opened at $11.90 on Monday. The stock’s 50 day simple moving average is $9.85 and its 200 day simple moving average is $10.13. Dun & Bradstreet has a 12-month low of $8.68 and a 12-month high of $12.75. The firm has a market cap of $5.27 billion, a P/E ratio of -148.75, a P/E/G ratio of 1.89 and a beta of 1.15. The company has a current ratio of 0.71, a quick ratio of 0.62 and a debt-to-equity ratio of 1.08.

Dun & Bradstreet (NYSE:DNB) last released its earnings results on Thursday, August 1st. The business services provider reported $0.23 earnings per share for the quarter, meeting the consensus estimate of $0.23. Dun & Bradstreet had a negative net margin of 1.42% and a positive return on equity of 11.35%. The firm had revenue of $576.20 million during the quarter, compared to analyst estimates of $580.77 million. During the same quarter in the previous year, the firm earned $0.17 earnings per share. The firm’s revenue for the quarter was up 3.9% compared to the same quarter last year. As a group, equities research analysts predict that Dun & Bradstreet will post 0.89 EPS for the current year.

Dun & Bradstreet Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 19th. Shareholders of record on Thursday, September 5th will be given a dividend of $0.05 per share. The ex-dividend date is Thursday, September 5th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.68%. Dun & Bradstreet’s dividend payout ratio (DPR) is -250.00%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Massachusetts Financial Services Co. MA increased its position in shares of Dun & Bradstreet by 19.4% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 42,420,747 shares of the business services provider’s stock valued at $496,323,000 after purchasing an additional 6,893,645 shares during the period. Norges Bank acquired a new stake in Dun & Bradstreet in the 4th quarter valued at about $35,820,000. Allspring Global Investments Holdings LLC boosted its position in shares of Dun & Bradstreet by 17.9% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 19,633,433 shares of the business services provider’s stock valued at $181,806,000 after purchasing an additional 2,983,677 shares in the last quarter. Confluence Investment Management LLC acquired a new position in shares of Dun & Bradstreet in the 1st quarter worth approximately $29,736,000. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Dun & Bradstreet by 34.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 9,737,345 shares of the business services provider’s stock worth $113,929,000 after purchasing an additional 2,510,422 shares in the last quarter. Institutional investors and hedge funds own 86.68% of the company’s stock.

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.