StockNews.com Initiates Coverage on Dun & Bradstreet (NYSE:DNB)

Equities research analysts at StockNews.com initiated coverage on shares of Dun & Bradstreet (NYSE:DNB) in a research report issued on Saturday. The brokerage set a “hold” rating on the business services provider’s stock.

Several other brokerages also recently commented on DNB. Needham & Company LLC reissued a “hold” rating and issued a $14.00 target price on shares of Dun & Bradstreet in a report on Monday, March 24th. Jefferies Financial Group reissued a “hold” rating and issued a $9.15 price objective (down previously from $11.00) on shares of Dun & Bradstreet in a research note on Tuesday, March 25th. Royal Bank of Canada restated a “sector perform” rating and issued a $12.00 target price on shares of Dun & Bradstreet in a research note on Wednesday, January 29th. Finally, The Goldman Sachs Group reduced their price target on shares of Dun & Bradstreet from $12.80 to $11.00 and set a “neutral” rating on the stock in a research report on Friday, February 21st. Seven investment analysts have rated the stock with a hold rating, According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $11.86.

Dun & Bradstreet Trading Up 0.3 %

DNB stock opened at $8.75 on Friday. Dun & Bradstreet has a 1-year low of $7.78 and a 1-year high of $12.95. The company has a current ratio of 0.65, a quick ratio of 0.70 and a debt-to-equity ratio of 1.06. The business’s 50 day moving average is $8.96 and its 200-day moving average is $10.87. The firm has a market cap of $3.90 billion, a P/E ratio of -145.73, a P/E/G ratio of 2.21 and a beta of 1.14.

Dun & Bradstreet (NYSE:DNB) last issued its quarterly earnings data on Thursday, February 20th. The business services provider reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.05). Dun & Bradstreet had a negative net margin of 1.20% and a positive return on equity of 11.29%. The company had revenue of $631.90 million for the quarter, compared to the consensus estimate of $658.04 million. Equities analysts anticipate that Dun & Bradstreet will post 0.96 earnings per share for the current fiscal year.

Insider Activity

In other news, Chairman William P. Foley II sold 2,500,000 shares of the stock in a transaction on Tuesday, March 25th. The stock was sold at an average price of $8.99, for a total value of $22,475,000.00. Following the transaction, the chairman now owns 8,109,644 shares of the company’s stock, valued at $72,905,699.56. This represents a 23.56 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 10.44% of the company’s stock.

Institutional Investors Weigh In On Dun & Bradstreet

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. FNY Investment Advisers LLC acquired a new position in shares of Dun & Bradstreet during the 1st quarter worth about $145,000. Brown Miller Wealth Management LLC bought a new position in Dun & Bradstreet during the 1st quarter worth approximately $122,000. Sound Income Strategies LLC acquired a new position in Dun & Bradstreet during the first quarter valued at approximately $3,580,000. Vest Financial LLC bought a new stake in Dun & Bradstreet in the first quarter valued at approximately $106,000. Finally, Confluence Investment Management LLC raised its holdings in Dun & Bradstreet by 0.7% in the first quarter. Confluence Investment Management LLC now owns 3,986,188 shares of the business services provider’s stock worth $35,637,000 after purchasing an additional 29,056 shares during the period. Institutional investors own 86.68% of the company’s stock.

Dun & Bradstreet Company Profile

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.