Dun & Bradstreet (NYSE:DNB) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Tuesday.
According to Zacks, “D&B continues to hold a dominant position in risk management, credit ratings, sales and marketing, e-business and supply-management solutions. We believe that the company’s high-margin business model positions it for long-term growth. Acquisitions continue to play an important role in D&B’s growth. D&B’s innovative product pipeline is a major positive. Partnerships with big players have helped D&B bring in more customers. However, the stock has underperformed the industry in the past year. Further, Stiff competition, high debt level & uncertain macroeconomic environment are other factors that continue to bother D&B’s performance.”
DNB has been the topic of several other research reports. ValuEngine upgraded Dun & Bradstreet from a “hold” rating to a “buy” rating in a research note on Tuesday, February 13th. Barclays raised Dun & Bradstreet from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $132.00 to $140.00 in a report on Wednesday, February 14th. William Blair reissued a “market perform” rating on shares of Dun & Bradstreet in a report on Tuesday, February 13th. Finally, JPMorgan Chase raised their price target on Dun & Bradstreet from $117.00 to $124.00 and gave the stock a “neutral” rating in a report on Wednesday, February 14th. Six analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $129.80.
DNB opened at $117.18 on Tuesday. Dun & Bradstreet has a 1 year low of $101.17 and a 1 year high of $130.95. The company has a debt-to-equity ratio of -2.03, a quick ratio of 1.04 and a current ratio of 1.04. The stock has a market capitalization of $4,311.16, a price-to-earnings ratio of 15.92, a P/E/G ratio of 3.19 and a beta of 1.22.
Dun & Bradstreet (NYSE:DNB) last posted its earnings results on Monday, February 12th. The business services provider reported $3.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.04 by $0.18. Dun & Bradstreet had a negative return on equity of 30.74% and a net margin of 8.09%. The company had revenue of $528.30 million for the quarter, compared to analyst estimates of $535.82 million. During the same quarter in the previous year, the firm earned $2.99 earnings per share. The firm’s quarterly revenue was up 2.2% compared to the same quarter last year. sell-side analysts predict that Dun & Bradstreet will post 8.12 EPS for the current fiscal year.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. BlackRock Inc. boosted its holdings in Dun & Bradstreet by 1.1% in the fourth quarter. BlackRock Inc. now owns 3,148,246 shares of the business services provider’s stock worth $372,783,000 after acquiring an additional 35,296 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in Dun & Bradstreet by 38.6% in the fourth quarter. Renaissance Technologies LLC now owns 460,600 shares of the business services provider’s stock worth $54,540,000 after acquiring an additional 128,300 shares in the last quarter. Hermes Investment Management Ltd. boosted its holdings in Dun & Bradstreet by 6,933.3% in the fourth quarter. Hermes Investment Management Ltd. now owns 375,013 shares of the business services provider’s stock worth $44,405,000 after acquiring an additional 369,681 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Dun & Bradstreet by 0.8% in the fourth quarter. Geode Capital Management LLC now owns 308,807 shares of the business services provider’s stock worth $36,565,000 after acquiring an additional 2,315 shares in the last quarter. Finally, Eaton Vance Management boosted its holdings in Dun & Bradstreet by 1.0% in the fourth quarter. Eaton Vance Management now owns 233,733 shares of the business services provider’s stock worth $27,676,000 after acquiring an additional 2,229 shares in the last quarter. 91.53% of the stock is owned by institutional investors and hedge funds.
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About Dun & Bradstreet
The Dun & Bradstreet Corporation provides commercial data, analytics, and insight on businesses. The company operates through two segments, Americas and Non-Americas. It offers risk management solutions comprising trade credit solutions, such as The D&B Credit Suite, which includes D&B Credit and DNBi, subscription-based online applications that offer customers real time access to information, comprehensive monitoring, and portfolio analysis; various business information reports; and D&B Credibility solutions primarily for small businesses; Supplier Risk Manager, an online application that helps businesses mitigate supply chain risk; Compliance product suite that includes D&B Onboard and D&B Compliance Check, which helps customers comply with anti-money laundering and anti-bribery and corruption regulations through onboarding, screening, and monitoring of customers and third parties; and D&B Direct, an API that enables data integration inside enterprise applications, such as ERP, and enables master data management and toolkit.
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