Barclays Raises Dun & Bradstreet (NYSE:DNB) Price Target to $12.00

Dun & Bradstreet (NYSE:DNB) had its price objective raised by Barclays from $11.00 to $12.00 in a research report report published on Friday, Benzinga reports. The brokerage currently has an equal weight rating on the business services provider’s stock.

DNB has been the topic of several other reports. Needham & Company LLC reissued a buy rating and set a $17.00 price target on shares of Dun & Bradstreet in a research report on Monday, August 5th. StockNews.com raised Dun & Bradstreet from a sell rating to a hold rating in a report on Thursday, September 5th. The Goldman Sachs Group lifted their price objective on shares of Dun & Bradstreet from $10.40 to $11.80 and gave the company a neutral rating in a research note on Monday, August 5th. JPMorgan Chase & Co. increased their target price on shares of Dun & Bradstreet from $11.00 to $13.00 and gave the stock a neutral rating in a report on Monday, August 5th. Finally, Royal Bank of Canada cut their price target on Dun & Bradstreet from $15.00 to $12.00 and set a sector perform rating on the stock in a research note on Friday, August 2nd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of Hold and an average price target of $13.85.

Dun & Bradstreet Price Performance

Shares of DNB stock opened at $11.60 on Friday. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.71 and a current ratio of 0.71. The stock has a market capitalization of $5.14 billion, a PE ratio of -145.00, a PEG ratio of 2.14 and a beta of 1.16. Dun & Bradstreet has a 52 week low of $8.68 and a 52 week high of $12.75. The stock’s fifty day moving average is $11.21 and its 200-day moving average is $10.24.

Dun & Bradstreet (NYSE:DNB) last issued its earnings results on Thursday, August 1st. The business services provider reported $0.23 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.23. Dun & Bradstreet had a negative net margin of 1.42% and a positive return on equity of 11.35%. The company had revenue of $576.20 million for the quarter, compared to analyst estimates of $580.77 million. During the same quarter last year, the firm earned $0.17 EPS. The company’s revenue for the quarter was up 3.9% on a year-over-year basis. Equities research analysts expect that Dun & Bradstreet will post 0.89 EPS for the current fiscal year.

Dun & Bradstreet Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 19th. Investors of record on Thursday, September 5th will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 1.72%. The ex-dividend date of this dividend is Thursday, September 5th. Dun & Bradstreet’s payout ratio is -250.00%.

Institutional Trading of Dun & Bradstreet

Hedge funds and other institutional investors have recently modified their holdings of the business. Evermay Wealth Management LLC purchased a new position in Dun & Bradstreet in the 1st quarter worth about $37,000. Blue Trust Inc. grew its holdings in Dun & Bradstreet by 129.1% during the 2nd quarter. Blue Trust Inc. now owns 4,549 shares of the business services provider’s stock valued at $46,000 after buying an additional 2,563 shares in the last quarter. Headlands Technologies LLC bought a new stake in shares of Dun & Bradstreet in the 1st quarter worth about $70,000. Canada Pension Plan Investment Board raised its holdings in Dun & Bradstreet by 85.1% during the 2nd quarter. Canada Pension Plan Investment Board now owns 8,700 shares of the business services provider’s stock valued at $81,000 after buying an additional 4,000 shares during the period. Finally, Xponance Inc. bought a new stake in shares of Dun & Bradstreet in the 2nd quarter worth about $100,000. 86.68% of the stock is owned by hedge funds and other institutional investors.

About Dun & Bradstreet

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.