Dun & Bradstreet (NYSE:DNB) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued to investors on Tuesday.
According to Zacks, “We continue to expect that Dun & Bradstreet will benefit from its high-margin business model and strong product portfolio. The company's partnerships with big players have also helped in expanding customer base rapidly. Additionally, the company is well-positioned to gain from strategic acquisitions and alliances. Dun & Bradstreet’s focus on expanding analytics capabilities is also a positive. Driven by cost optimisation initiatives, management raised operating margin guidance for fiscal 2017, which is encouraging in our view. However, stiff competition, weak DNBi business and high debt continue to remain areas of concerns. Shares have underperformed the industry in the past 12-months.”
A number of other analysts also recently issued reports on the company. Barclays raised Dun & Bradstreet from an “underweight” rating to an “equal weight” rating and lifted their price target for the stock from $105.00 to $125.00 in a report on Monday, November 13th. Robert W. Baird reduced their target price on Dun & Bradstreet from $130.00 to $127.00 and set an “outperform” rating for the company in a report on Friday, November 3rd. Finally, Goldman Sachs Group started coverage on Dun & Bradstreet in a report on Wednesday, November 8th. They issued a “neutral” rating and a $125.00 target price for the company. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $125.75.
Shares of Dun & Bradstreet (NYSE DNB) traded up $0.54 during midday trading on Tuesday, reaching $118.33. The company’s stock had a trading volume of 312,400 shares, compared to its average volume of 250,100. The stock has a market cap of $4,380.00, a P/E ratio of 22.33, a price-to-earnings-growth ratio of 1.78 and a beta of 1.27. The company has a debt-to-equity ratio of -1.93, a current ratio of 0.92 and a quick ratio of 0.92. Dun & Bradstreet has a 12 month low of $100.46 and a 12 month high of $125.57.
Dun & Bradstreet (NYSE:DNB) last announced its quarterly earnings results on Wednesday, November 1st. The business services provider reported $1.79 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.58 by $0.21. The company had revenue of $428.30 million during the quarter, compared to the consensus estimate of $428.81 million. Dun & Bradstreet had a negative return on equity of 28.31% and a net margin of 11.12%. Dun & Bradstreet’s revenue for the quarter was up 3.8% on a year-over-year basis. During the same period in the previous year, the business earned $1.79 EPS. equities analysts anticipate that Dun & Bradstreet will post 7.17 earnings per share for the current year.
Several institutional investors have recently bought and sold shares of DNB. Glenview Capital Management LLC acquired a new position in Dun & Bradstreet in the 2nd quarter valued at about $108,776,000. Shapiro Capital Management LLC acquired a new position in Dun & Bradstreet during the 2nd quarter worth approximately $98,786,000. Cramer Rosenthal Mcglynn LLC increased its position in Dun & Bradstreet by 52.5% during the 2nd quarter. Cramer Rosenthal Mcglynn LLC now owns 1,735,371 shares of the business services provider’s stock worth $187,680,000 after purchasing an additional 597,297 shares during the period. BlackRock Inc. increased its position in Dun & Bradstreet by 20.2% during the 2nd quarter. BlackRock Inc. now owns 3,050,058 shares of the business services provider’s stock worth $329,861,000 after purchasing an additional 511,579 shares during the period. Finally, Eaton Vance Management acquired a new position in Dun & Bradstreet during the 2nd quarter worth approximately $30,494,000. 90.82% of the stock is owned by institutional investors and hedge funds.
About Dun & Bradstreet
The Dun & Bradstreet Corporation is the source of commercial data, analytics and insight on businesses. The Company operates through two segments: Americas, which consists of its operations in the United States and Canada, and Non-Americas, which consists of its operations in the United Kingdom, Greater China, India, and its European and Asia Pacific Worldwide Networks.
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