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

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

A number of other brokerages have also recently commented on DNB. Needham & Company LLC restated a buy rating and set a $17.00 target price on shares of Dun & Bradstreet in a report on Monday, August 5th. JPMorgan Chase & Co. boosted their target price on shares of Dun & Bradstreet from $11.00 to $13.00 and gave the company a neutral rating in a report on Monday, August 5th. Royal Bank of Canada dropped their target price on shares of Dun & Bradstreet from $15.00 to $12.00 and set a sector perform rating on the stock in a report on Friday, August 2nd. Barclays boosted their target price on shares of Dun & Bradstreet from $11.00 to $12.00 and gave the company an equal weight rating in a report on Friday, September 13th. Finally, The Goldman Sachs Group boosted their target price on shares of Dun & Bradstreet from $10.40 to $11.80 and gave the company a neutral rating in a 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. According to data from MarketBeat, the stock has a consensus rating of Moderate Buy and a consensus target price of $13.85.

Dun & Bradstreet Stock Performance

Shares of DNB opened at $11.40 on Friday. The company has a 50-day simple moving average of $11.47 and a two-hundred day simple moving average of $10.29. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.71 and a quick ratio of 0.71. The firm has a market capitalization of $5.05 billion, a PE ratio of -142.50, a price-to-earnings-growth ratio of 2.14 and a beta of 1.16. Dun & Bradstreet has a one year low of $8.68 and a one year high of $12.75.

Dun & Bradstreet (NYSE:DNB) last released its quarterly 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. The company had revenue of $576.20 million for the quarter, compared to analyst estimates of $580.77 million. Dun & Bradstreet had a positive return on equity of 11.35% and a negative net margin of 1.42%. The firm’s revenue was up 3.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.17 earnings per share. On average, analysts anticipate that Dun & Bradstreet will post 0.89 EPS for the current fiscal year.

Dun & Bradstreet Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 19th. Investors of record on Thursday, September 5th were paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date was Thursday, September 5th. Dun & Bradstreet’s payout ratio is -250.00%.

Hedge Funds Weigh In On Dun & Bradstreet

A number of hedge funds have recently bought and sold shares of the company. Norges Bank bought a new position in Dun & Bradstreet during the 4th quarter valued at about $35,820,000. Quantbot Technologies LP bought a new position in Dun & Bradstreet during the 1st quarter valued at about $1,844,000. Alaska Permanent Fund Corp lifted its stake in Dun & Bradstreet by 331.5% during the 1st quarter. Alaska Permanent Fund Corp now owns 160,289 shares of the business services provider’s stock valued at $1,609,000 after acquiring an additional 123,139 shares during the period. Hawk Ridge Capital Management LP lifted its stake in Dun & Bradstreet by 24.2% during the 4th quarter. Hawk Ridge Capital Management LP now owns 5,768,863 shares of the business services provider’s stock valued at $67,496,000 after acquiring an additional 1,123,400 shares during the period. Finally, Natixis bought a new position in Dun & Bradstreet during the 1st quarter valued at about $2,713,000. Institutional investors 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.