Dun & Bradstreet’s (DNB) Sector Perform Rating Reiterated at Royal Bank of Canada

Dun & Bradstreet (NYSE:DNB)‘s stock had its “sector perform” rating reissued by equities research analysts at Royal Bank of Canada in a research note issued on Wednesday,Benzinga reports. They currently have a $12.00 price objective on the business services provider’s stock. Royal Bank of Canada’s target price points to a potential upside of 2.52% from the stock’s previous close.

Other analysts have also recently issued research reports about the company. StockNews.com upgraded Dun & Bradstreet from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Needham & Company LLC reissued a “buy” rating and set a $17.00 price target on shares of Dun & Bradstreet in a research report on Friday, November 1st. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $13.13.

Dun & Bradstreet Price Performance

DNB traded down $0.20 during midday trading on Wednesday, reaching $11.71. 268,586 shares of the company’s stock were exchanged, compared to its average volume of 3,296,110. Dun & Bradstreet has a 1-year low of $8.77 and a 1-year high of $12.94. The stock has a market capitalization of $5.17 billion, a PE ratio of -146.31, a P/E/G ratio of 2.70 and a beta of 1.15. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.70 and a quick ratio of 0.70. The business’s 50-day moving average price is $12.11 and its 200 day moving average price is $11.70.

Dun & Bradstreet (NYSE:DNB) last posted its quarterly earnings data on Thursday, October 31st. The business services provider reported $0.27 EPS for the quarter, hitting analysts’ consensus estimates of $0.27. Dun & Bradstreet had a positive return on equity of 11.50% and a negative net margin of 1.46%. The firm had revenue of $609.10 million during the quarter, compared to analysts’ expectations of $605.64 million. During the same quarter last year, the business posted $0.23 EPS. The firm’s quarterly revenue was up 3.5% compared to the same quarter last year. As a group, equities analysts anticipate that Dun & Bradstreet will post 0.89 EPS for the current fiscal year.

Hedge Funds Weigh In On Dun & Bradstreet

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Massachusetts Financial Services Co. MA boosted its holdings in shares of Dun & Bradstreet by 5.9% during the third quarter. Massachusetts Financial Services Co. MA now owns 56,497,966 shares of the business services provider’s stock valued at $650,292,000 after acquiring an additional 3,144,458 shares during the period. Allspring Global Investments Holdings LLC grew its holdings in shares of Dun & Bradstreet by 7.4% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 21,085,138 shares of the business services provider’s stock worth $242,690,000 after acquiring an additional 1,451,705 shares during the last quarter. FMR LLC grew its stake in Dun & Bradstreet by 17.8% during the 3rd quarter. FMR LLC now owns 11,465,075 shares of the business services provider’s stock valued at $131,963,000 after acquiring an additional 1,733,220 shares in the last quarter. Azora Capital LP lifted its position in shares of Dun & Bradstreet by 119.8% in the third quarter. Azora Capital LP now owns 7,973,354 shares of the business services provider’s stock worth $91,773,000 after purchasing an additional 4,346,033 shares in the last quarter. Finally, Crescent Grove Advisors LLC boosted its holdings in shares of Dun & Bradstreet by 2.2% during the third quarter. Crescent Grove Advisors LLC now owns 6,176,103 shares of the business services provider’s stock worth $71,087,000 after purchasing an additional 130,888 shares during the period. 86.68% of the stock is currently owned by institutional investors and hedge funds.

About Dun & Bradstreet

Dun & Bradstreet Holdings, Inc engages in providing business decisioning data and analytics solutions. The firm is involved in providing information with its solutions to support its clients with critical business operations. It offers end-to-end solutions to clients in the small business, finance, sales & marketing, third party risk & compliance, and public sectors.