Dun & Bradstreet Corporation (The) (DNB) Upgraded to Buy at Zacks Investment Research
Dun & Bradstreet Corporation (The) (NYSE:DNB) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Thursday. The firm currently has a $126.00 price objective on the business services provider’s stock. Zacks Investment Research‘s price objective would suggest a potential upside of 12.33% from the stock’s previous close.
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 raised Dun & Bradstreet Corporation (The) from a “sell” rating to a “hold” rating in a report on Thursday, June 29th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $117.00.
Dun & Bradstreet Corporation (NYSE DNB) traded down 0.08% on Thursday, reaching $112.08. The company had a trading volume of 52,392 shares. The stock has a market cap of $4.14 billion, a price-to-earnings ratio of 38.16 and a beta of 1.22. Dun & Bradstreet Corporation has a one year low of $100.46 and a one year high of $137.58. The company has a 50-day moving average of $111.40 and a 200 day moving average of $108.40.
Dun & Bradstreet Corporation (The) (NYSE:DNB) last issued its earnings results on Wednesday, August 2nd. The business services provider reported $1.40 earnings per share (EPS) for the quarter, topping the Zacks’ 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 business had revenue of $408.40 million during the quarter, compared to analysts’ expectations of $410.90 million. During the same period in the prior year, the firm posted $1.37 EPS. Dun & Bradstreet Corporation (The)’s quarterly revenue was up 2.3% compared to the same quarter last year. On average, equities research analysts predict that Dun & Bradstreet Corporation will post $7.04 EPS for the current year.
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A number of hedge funds have recently added to or reduced their stakes in DNB. BlackRock Inc. increased its holdings in Dun & Bradstreet Corporation (The) by 3,456.1% during the 1st quarter. BlackRock Inc. now owns 2,538,479 shares of the business services provider’s stock valued at $274,004,000 after purchasing an additional 2,467,096 shares in the last quarter. Glenview Capital Management LLC acquired a new stake in Dun & Bradstreet Corporation (The) during the 2nd quarter valued at $108,776,000. Shapiro Capital Management LLC acquired a new stake in Dun & Bradstreet Corporation (The) during the 2nd quarter valued at $98,786,000. Cramer Rosenthal Mcglynn LLC increased its holdings in Dun & Bradstreet Corporation (The) by 52.5% during the 2nd quarter. Cramer Rosenthal Mcglynn LLC now owns 1,735,371 shares of the business services provider’s stock valued at $187,680,000 after purchasing an additional 597,297 shares in the last quarter. Finally, Bessemer Group Inc. increased its holdings in Dun & Bradstreet Corporation (The) by 43.5% during the 2nd quarter. Bessemer Group Inc. now owns 1,285,064 shares of the business services provider’s stock valued at $138,981,000 after purchasing an additional 389,334 shares in the last quarter. 90.19% of the stock is owned by hedge funds and other institutional investors.
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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