Dun & Bradstreet Holdings, Inc. (NYSE:DNB) Receives an Average Rating of “Hold” by Brokerages

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Shares of Dun & Bradstreet Holdings, Inc. (NYSE: DNB – Get Rating) earned a consensus recommendation of “Hold” from the eleven brokerages that currently cover the company, Marketbeat Ratings reports. Five equity research analysts gave the stock a hold rating and three gave the company a buy rating. The 1-year average price target among brokers who have covered the stock over the past year is $20.33.

Several equity research analysts have recently commented on DNB shares. Royal Bank of Canada downgraded Dun & Bradstreet shares from an “outperform” rating to an “sector performer” rating and raised its target price for the stock from $16.00 to $18.00 in a Monday, June 6 research report. Bank of America upgraded Dun & Bradstreet from an “underperforming” rating to a “neutral” rating and raised its share price target from $16.00 to $17.00 in a Wednesday report 6 July. Wells Fargo & Company assumed cover from Dun & Bradstreet in a Wednesday, July 13 research note. They issued an “overweight” rating and a price target of $21.00 for the company. TheStreet downgraded Dun & Bradstreet from a “c-” rating to a “d+” rating in a Friday, September 16 research note. Finally, Barclays cut its price target on Dun & Bradstreet shares from $18.00 to $17.00 and set an “equal weight” rating for the company in a research report on Friday July 1.

Insider Activity at Dun & Bradstreet

In other Dun & Bradstreet news, director Cannae Holdings, Inc. sold 7,871,685 shares of the company in a trade on Tuesday, July 5. The shares were sold at an average price of $13.81, for a total value of $108,707,969.85. Following the completion of the sale, the administrator now directly owns 80,406,356 shares of the company, valued at $1,110,411,776.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available on the SEC’s website. 9.60% of the shares are held by insiders.

Institutional investors weigh in on Dun & Bradstreet

A number of hedge funds have recently increased or reduced their stakes in the company. American International Group Inc. increased its stake in Dun & Bradstreet shares by 57.1% in the second quarter. American International Group Inc. now owns 2,631 shares of the business services provider worth $40,000 after buying 956 additional shares last quarter. Advisor Group Holdings Inc. increased its stake in Dun & Bradstreet shares by 287.3% in the first quarter. Advisor Group Holdings Inc. now owns 2,750 shares of the business services provider valued at $48,000 after buying an additional 2,040 shares last quarter. MetLife Investment Management LLC acquired a new position in shares of Dun & Bradstreet during the first quarter worth approximately $56,000. PNC Financial Services Group Inc. increased its position in Dun & Bradstreet shares by 5,483.1% during the first quarter. PNC Financial Services Group Inc. now owns 3,964 shares of the business services provider worth $70,000 after acquiring 3,893 additional shares in the last quarter. Finally, the Canada Pension Plan Investment Board acquired a new equity stake in Dun & Bradstreet in Q1 worth approximately $82,000. Institutional investors and hedge funds hold 85.43% of the company’s shares.

Dun & Bradstreet stock performance

NYSE: DNB opened at $13.04 on Monday. Dun & Bradstreet has a 12-month low of $12.83 and a 12-month high of $21.15. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt ratio of 1.01. The stock’s 50-day simple moving average is $15.10 and its 200-day simple moving average is $15.74. The company has a market capitalization of $5.66 billion, a PE ratio of -217.30, a growth price-earnings ratio of 1.99 and a beta of 0.74.

Dun & Bradstreet (NYSE:DNB – Get Rating) last released quarterly earnings data on Thursday, August 4. The business services provider reported earnings per share (EPS) of $0.22 for the quarter, missing analyst consensus estimates of $0.24 per ($0.02). Dun & Bradstreet posted a positive return on equity of 11.94% and a negative net margin of 1.27%. The company posted revenue of $537.30 million for the quarter, versus analyst estimates of $535.92 million. In the same quarter of the previous year, the company had earned earnings per share of $0.25. Dun & Bradstreet’s revenue for the quarter increased 3.1% compared to the same quarter last year. On average, analysts expect Dun & Bradstreet to post 1.05 EPS for the current fiscal year.

Dun & Bradstreet cuts its dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 22. Shareholders of record on Thursday, September 1 received a dividend of $0.05 per share. This represents an annualized dividend of $0.20 and a dividend yield of 1.53%. The ex-dividend date was Wednesday, August 31. Dun & Bradstreet’s dividend payout ratio (DPR) is -333.28%.

About Dun & Bradstreet

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Dun & Bradstreet Holdings, Inc provides business decision data and analytics in North America and internationally. It offers finance and risk management solutions, including D&B Finance Analytics, an online application that provides clients with 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 business applications for real-time credit decision making; D&B Small Business, a suite of powerful tools that enables SMEs to monitor and build their business credit history; D&B Enterprise Risk Assessment Manager, a solution for managing and automating credit decisions and reports; and InfoTorg, an online SaaS application.

See also

Analyst recommendations for Dun & Bradstreet (NYSE: DNB)

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