Zacks Investment Research upgraded shares of Dun & Bradstreet Corporation (The) (NYSE:DNB) from a hold rating to a buy rating in a research note published on Monday, August 7th. The firm currently has $127.00 price target on the business services provider’s stock.
According to Zacks, “Dun & Bradstreet reported second quarter results 2017 wherein earnings topped the Zacks Consensus Estimate but revenues missed the same. On a year over year basis, revenues registered growth driven by the Avention acquisition. Plus, cost savings resulted in a strong operating margin performance. Management has now raised the lower end of its operating margin growth for the year. We continue to expect that DNB 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. 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 report on Thursday, June 29th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. The stock has a consensus rating of Hold and a consensus target price of $117.33.
Shares of Dun & Bradstreet Corporation (DNB) traded down 2.98% during midday trading on Monday, hitting $110.06. 510,587 shares of the company were exchanged. Dun & Bradstreet Corporation has a one year low of $100.46 and a one year high of $139.86. The company has a market capitalization of $4.07 billion, a P/E ratio of 37.47 and a beta of 1.22. The company has a 50-day moving average of $110.44 and a 200 day moving average of $108.52.
Dun & Bradstreet Corporation (The) (NYSE:DNB) last released its quarterly earnings results on Wednesday, August 2nd. The business services provider reported $1.40 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.16 by $0.24. Dun & Bradstreet Corporation (The) had a negative return on equity of 26.85% and a net margin of 6.36%. The company had revenue of $408.40 million for the quarter, compared to analyst estimates of $410.90 million. During the same period in the previous year, the company posted $1.37 earnings per share. The firm’s revenue was up 2.3% on a year-over-year basis. On average, equities research analysts expect that Dun & Bradstreet Corporation will post $7.04 earnings per share for the current fiscal year.
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The business also recently announced a quarterly dividend, which will be paid on Friday, September 8th. Shareholders of record on Wednesday, August 23rd will be issued a $0.5025 dividend. This represents a $2.01 annualized dividend and a yield of 1.83%. The ex-dividend date of this dividend is Monday, August 21st. Dun & Bradstreet Corporation (The)’s dividend payout ratio (DPR) is 68.37%.
A number of large investors have recently added to or reduced their stakes in the company. Creative Planning increased its stake in 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 during the period. OLD Mutual Customised Solutions Proprietary Ltd. increased its stake in 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 during the period. ETF Managers Group LLC bought a new stake in Dun & Bradstreet Corporation (The) during the second quarter valued at approximately $173,000. Nomura Holdings Inc. bought a new stake in Dun & Bradstreet Corporation (The) during the second quarter valued at approximately $206,000. Finally, Tocqueville Asset Management L.P. bought a new stake in Dun & Bradstreet Corporation (The) during the second quarter valued at approximately $216,000. 90.24% of the stock is currently owned by institutional investors and hedge funds.
Dun & Bradstreet Corporation (The) Company Profile
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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