Dun & Bradstreet (NYSE:DNB) Rating Increased to Hold at StockNews.com

Dun & Bradstreet (NYSE:DNB) was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.

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

Dun & Bradstreet Stock Performance

DNB stock opened at $11.50 on Wednesday. The company has a 50 day moving average price of $11.60 and a 200 day moving average price of $10.34. Dun & Bradstreet has a fifty-two week low of $8.68 and a fifty-two week high of $12.75. 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 stock has a market capitalization of $5.09 billion, a PE ratio of -143.75, a price-to-earnings-growth ratio of 2.67 and a beta of 1.16.

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, hitting analysts’ consensus estimates of $0.23. The company had revenue of $576.20 million during the quarter, compared to the consensus estimate 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 quarterly revenue was up 3.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.17 earnings per share. Analysts forecast that Dun & Bradstreet will post 0.89 EPS for the current year.

Hedge Funds Weigh In On Dun & Bradstreet

Hedge funds have recently modified their holdings of the stock. Evermay Wealth Management LLC acquired a new position in shares of Dun & Bradstreet during the 1st quarter worth about $37,000. Blue Trust Inc. grew its stake in shares of Dun & Bradstreet by 129.1% in the second quarter. Blue Trust Inc. now owns 4,549 shares of the business services provider’s stock valued at $46,000 after acquiring an additional 2,563 shares in the last quarter. Headlands Technologies LLC acquired a new position in shares of Dun & Bradstreet during the 1st quarter worth approximately $70,000. Canada Pension Plan Investment Board increased its stake in Dun & Bradstreet by 85.1% during the 2nd quarter. Canada Pension Plan Investment Board now owns 8,700 shares of the business services provider’s stock worth $81,000 after acquiring an additional 4,000 shares during the period. Finally, Xponance Inc. bought a new position in shares of Dun & Bradstreet in the second quarter worth $100,000. 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.