Royal Bank of Canada Lowers Dun & Bradstreet (NYSE:DNB) Price Target to $12.00

Dun & Bradstreet (NYSE:DNB) had its price objective reduced by Royal Bank of Canada from $15.00 to $12.00 in a report released on Friday morning, Benzinga reports. They currently have a sector perform rating on the business services provider’s stock.

DNB has been the subject of several other reports. Needham & Company LLC reissued a buy rating and issued a $17.00 price objective on shares of Dun & Bradstreet in a report on Tuesday, May 14th. Jefferies Financial Group lowered their price objective on shares of Dun & Bradstreet from $14.00 to $13.00 and set a buy rating on the stock in a research note on Friday, April 12th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Dun & Bradstreet has an average rating of Hold and a consensus target price of $13.73.

Dun & Bradstreet Stock Down 1.0 %

DNB stock traded down $0.12 during trading on Friday, hitting $11.76. 2,732,505 shares of the company’s stock were exchanged, compared to its average volume of 3,746,879. The business has a 50-day moving average price of $9.72 and a two-hundred day moving average price of $10.11. Dun & Bradstreet has a 52-week low of $8.68 and a 52-week high of $12.75. The company has a current ratio of 0.71, a quick ratio of 0.62 and a debt-to-equity ratio of 1.08. The stock has a market capitalization of $5.21 billion, a price-to-earnings ratio of -148.50, a PEG ratio of 1.89 and a beta of 1.15.

Dun & Bradstreet (NYSE:DNB) last announced its quarterly earnings results on Thursday, August 1st. The business services provider reported $0.23 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.23. The business had revenue of $576.20 million during the quarter, compared to the consensus estimate of $580.77 million. Dun & Bradstreet had a negative net margin of 1.42% and a positive return on equity of 11.35%. The business’s revenue was up 3.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.17 EPS. As a group, equities research analysts expect that Dun & Bradstreet will post 0.89 EPS 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 given a $0.05 dividend. The ex-dividend date is Thursday, September 5th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.70%. Dun & Bradstreet’s payout ratio is -250.00%.

Hedge Funds Weigh In On Dun & Bradstreet

Institutional investors and hedge funds have recently made changes to their positions in the company. Norges Bank bought a new position in shares of Dun & Bradstreet in the fourth quarter worth $35,820,000. Allspring Global Investments Holdings LLC raised its holdings in shares of Dun & Bradstreet by 4.3% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 14,208,101 shares of the business services provider’s stock worth $166,235,000 after buying an additional 588,460 shares in the last quarter. Quantbot Technologies LP bought a new position in Dun & Bradstreet in the first quarter valued at about $1,844,000. Alaska Permanent Fund Corp raised its stake in Dun & Bradstreet by 331.5% during the first quarter. Alaska Permanent Fund Corp now owns 160,289 shares of the business services provider’s stock worth $1,609,000 after acquiring an additional 123,139 shares in the last quarter. Finally, Hawk Ridge Capital Management LP boosted its stake in shares of Dun & Bradstreet by 24.2% in the 4th quarter. Hawk Ridge Capital Management LP now owns 5,768,863 shares of the business services provider’s stock valued at $67,496,000 after purchasing an additional 1,123,400 shares in the last quarter. Institutional investors and hedge funds own 86.68% of the company’s stock.

Dun & Bradstreet Company Profile

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.