Dun & Bradstreet Corporation (The) (DNB) Downgraded by Zacks Investment Research
Zacks Investment Research cut shares of Dun & Bradstreet Corporation (The) (NYSE:DNB) from a buy rating to a hold rating in a research note issued to investors on Tuesday morning.
According to Zacks, “We continue to expect that Dun & Bradstreet will benefit from its high-margin business model and strong product portfolio. Its partnerships with big players have also helped it bring many more customers into the fold. Plus, the company is also well-positioned to gain from its strategic acquisitions and alliances. The company’s focus on expanding analytics capabilities is also a positive. Plus, cost savings resulted in a strong operating margin performance in the last reported quarter. Management has now raised the lower end of its operating margin growth for the year. However, stiff competition, weak DNBi business and high debt continue to remain areas of concerns. Shares have underperformed the broader market in the past one year.”
Separately, BidaskClub upgraded Dun & Bradstreet Corporation (The) from a sell rating to a hold rating in a research note on Thursday, June 29th. One analyst has rated the stock with a sell rating and four have given a hold rating to the company’s stock. The company has a consensus rating of Hold and an average target price of $116.00.
Shares of Dun & Bradstreet Corporation (NYSE DNB) opened at 111.44 on Tuesday. The company has a market cap of $4.12 billion, a PE ratio of 37.94 and a beta of 1.22. Dun & Bradstreet Corporation has a one year low of $100.46 and a one year high of $139.70. The stock’s 50 day moving average is $111.02 and its 200-day moving average is $107.97.
Dun & Bradstreet Corporation (The) (NYSE:DNB) last announced its quarterly earnings results on Wednesday, August 2nd. The business services provider reported $1.40 EPS for the quarter, beating the consensus estimate of $1.16 by $0.24. The firm had revenue of $408.40 million for the quarter, compared to analyst estimates of $410.90 million. Dun & Bradstreet Corporation (The) had a negative return on equity of 26.85% and a net margin of 6.36%. The business’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same quarter last year, the firm posted $1.37 earnings per share. Equities research analysts expect that Dun & Bradstreet Corporation will post $7.04 earnings per share for the current year.
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The company also recently declared a quarterly dividend, which will be paid on Friday, September 8th. Stockholders of record on Wednesday, August 23rd will be paid a dividend of $0.5025 per share. The ex-dividend date is Monday, August 21st. This represents a $2.01 annualized dividend and a dividend yield of 1.80%. Dun & Bradstreet Corporation (The)’s dividend payout ratio is currently 68.37%.
Several institutional investors have recently made changes to their positions in DNB. Creative Planning raised its position in shares of Dun & Bradstreet Corporation (The) by 2.0% in the second quarter. Creative Planning now owns 1,257 shares of the business services provider’s stock valued at $136,000 after buying an additional 25 shares in the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. raised its position in shares of Dun & Bradstreet Corporation (The) by 66.7% in the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 1,500 shares of the business services provider’s stock valued at $162,000 after buying an additional 600 shares in the last quarter. ETF Managers Group LLC purchased a new position in shares of Dun & Bradstreet Corporation (The) during the second quarter valued at approximately $173,000. Nomura Holdings Inc. purchased a new position in shares of Dun & Bradstreet Corporation (The) during the second quarter valued at approximately $206,000. Finally, Tocqueville Asset Management L.P. purchased a new position in shares of Dun & Bradstreet Corporation (The) during the second quarter valued at approximately $216,000. Hedge funds and other institutional investors own 90.31% of the company’s stock.
About Dun & Bradstreet Corporation (The)
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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