Zacks Investment Research upgraded shares of Dun & Bradstreet (NYSE:DNB) from a sell rating to a hold rating in a report issued on Monday morning.
According to Zacks, “The Dun & Bradstreet Corporation reported mixed second-quarter 2018 results, wherein earnings missed the Zacks Consensus Estimate but revenues surpassed the same. The company continues to face intensifying competition. The company operates in a market that is highly fragmented and has low entry barriers. High debt level continues to bother D&B’s performance. Despite such headwinds, the company’s shares have underperformed the industry in the past year. Dun & Bradstreet 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.”
DNB has been the subject of several other research reports. Wells Fargo & Co increased their target price on Dun & Bradstreet from $113.00 to $120.00 and gave the stock a market perform rating in a research report on Monday, June 25th. Robert W. Baird reiterated a neutral rating and set a $127.00 target price on shares of Dun & Bradstreet in a research report on Monday, June 18th. Barclays reiterated an equal weight rating and set a $145.00 target price (up previously from $140.00) on shares of Dun & Bradstreet in a research report on Friday, August 10th. Finally, ValuEngine upgraded Dun & Bradstreet from a hold rating to a buy rating in a research report on Thursday, August 9th. Seven research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus target price of $132.00.
Shares of DNB opened at $142.70 on Monday. The company has a debt-to-equity ratio of -1.73, a current ratio of 0.61 and a quick ratio of 0.61. The stock has a market capitalization of $5.31 billion, a price-to-earnings ratio of 19.39, a P/E/G ratio of 2.81 and a beta of 1.25. Dun & Bradstreet has a 52 week low of $105.42 and a 52 week high of $144.00.
Dun & Bradstreet (NYSE:DNB) last issued its quarterly earnings results on Wednesday, August 8th. The business services provider reported $1.40 EPS for the quarter, missing analysts’ consensus estimates of $1.50 by ($0.10). The company had revenue of $439.60 million during the quarter, compared to analysts’ expectations of $402.78 million. Dun & Bradstreet had a negative return on equity of 34.95% and a net margin of 13.08%. research analysts anticipate that Dun & Bradstreet will post 8.47 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 7th. Investors of record on Wednesday, August 22nd will be given a dividend of $0.5225 per share. This represents a $2.09 annualized dividend and a dividend yield of 1.46%. The ex-dividend date is Tuesday, August 21st. Dun & Bradstreet’s dividend payout ratio is currently 28.40%.
Several large investors have recently added to or reduced their stakes in the stock. Amalgamated Bank grew its position in shares of Dun & Bradstreet by 5.0% during the second quarter. Amalgamated Bank now owns 8,143 shares of the business services provider’s stock worth $999,000 after purchasing an additional 390 shares in the last quarter. Cambiar Investors LLC grew its position in shares of Dun & Bradstreet by 1.1% during the second quarter. Cambiar Investors LLC now owns 36,962 shares of the business services provider’s stock worth $4,533,000 after purchasing an additional 392 shares in the last quarter. AGF Investments America Inc. grew its position in shares of Dun & Bradstreet by 2.4% during the second quarter. AGF Investments America Inc. now owns 20,935 shares of the business services provider’s stock worth $2,568,000 after purchasing an additional 486 shares in the last quarter. Eqis Capital Management Inc. grew its position in shares of Dun & Bradstreet by 11.5% during the second quarter. Eqis Capital Management Inc. now owns 5,696 shares of the business services provider’s stock worth $699,000 after purchasing an additional 586 shares in the last quarter. Finally, Crawford Investment Counsel Inc. grew its position in shares of Dun & Bradstreet by 4.4% during the first quarter. Crawford Investment Counsel Inc. now owns 17,385 shares of the business services provider’s stock worth $2,034,000 after purchasing an additional 725 shares in the last quarter. Hedge funds and other institutional investors own 88.68% of the company’s stock.
Dun & Bradstreet Company Profile
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.
See Also: How Short Selling Works
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Dun & Bradstreet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dun & Bradstreet and related companies with MarketBeat.com's FREE daily email newsletter.