Dun & Bradstreet (NYSE:DNB) PT Raised to $11.80

Dun & Bradstreet (NYSE:DNB) had its price objective lifted by The Goldman Sachs Group from $10.40 to $11.80 in a research report report published on Monday morning, Benzinga reports. The Goldman Sachs Group currently has a neutral rating on the business services provider’s stock.

Other analysts also recently issued reports about the company. Royal Bank of Canada decreased their price target 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. Jefferies Financial Group lowered their target price on shares of Dun & Bradstreet from $14.00 to $13.00 and set a buy rating on the stock in a research report on Friday, April 12th. Finally, Needham & Company LLC reiterated a buy rating and set a $17.00 price target on shares of Dun & Bradstreet in a research report on Tuesday, May 14th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of Hold and a consensus target price of $13.73.

Dun & Bradstreet Trading Down 0.6 %

Shares of Dun & Bradstreet stock opened at $11.61 on Monday. The company’s fifty day moving average is $9.80 and its two-hundred day moving average is $10.12. Dun & Bradstreet has a 1 year low of $8.68 and a 1 year high of $12.75. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.62 and a current ratio of 0.71. The company has a market capitalization of $5.14 billion, a P/E ratio of -145.06, a PEG ratio of 1.89 and a beta of 1.15.

Dun & Bradstreet (NYSE:DNB) last announced 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. The company had revenue of $576.20 million for 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 company’s revenue was up 3.9% on a year-over-year basis. During the same period last year, the business posted $0.17 EPS. Analysts forecast that Dun & Bradstreet will post 0.89 earnings per share for the current year.

Dun & Bradstreet Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 19th. Stockholders of record on Thursday, September 5th will be paid a dividend of $0.05 per share. The ex-dividend date of this dividend is Thursday, September 5th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.72%. Dun & Bradstreet’s dividend payout ratio (DPR) is -250.00%.

Institutional Trading of Dun & Bradstreet

Several institutional investors and hedge funds have recently made changes to their positions in DNB. Massachusetts Financial Services Co. MA grew its stake in Dun & Bradstreet by 19.4% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 42,420,747 shares of the business services provider’s stock worth $496,323,000 after acquiring an additional 6,893,645 shares during the period. Vanguard Group Inc. raised its holdings in Dun & Bradstreet by 3.3% in the first quarter. Vanguard Group Inc. now owns 27,428,272 shares of the business services provider’s stock valued at $275,380,000 after buying an additional 868,621 shares during the period. Allspring Global Investments Holdings LLC raised its position in Dun & Bradstreet by 17.9% in the second 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 during the period. Capital International Investors grew its stake in shares of Dun & Bradstreet by 11.2% in the first quarter. Capital International Investors now owns 13,899,046 shares of the business services provider’s stock valued at $139,546,000 after buying an additional 1,402,537 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of Dun & Bradstreet by 34.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 9,737,345 shares of the business services provider’s stock valued at $113,929,000 after purchasing an additional 2,510,422 shares during the period. 86.68% of the stock is currently 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.