Dun & Bradstreet’s (DNB) Sector Perform Rating Reaffirmed at Royal Bank of Canada

Royal Bank of Canada reissued their sector perform rating on shares of Dun & Bradstreet (NYSE:DNB) in a research note issued to investors on Wednesday,Benzinga reports. The brokerage currently has a $12.00 price target on the business services provider’s stock.

DNB has been the subject of a number of other research reports. StockNews.com upgraded Dun & Bradstreet from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Needham & Company LLC reaffirmed a “buy” rating and set a $17.00 target price on shares of Dun & Bradstreet in a report on Friday, November 1st. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, Dun & Bradstreet currently has a consensus rating of “Hold” and a consensus target price of $13.13.

Dun & Bradstreet Stock Down 2.2 %

Shares of NYSE:DNB opened at $11.64 on Wednesday. The stock’s 50-day moving average price is $12.10 and its two-hundred day moving average price is $11.70. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 1.08. Dun & Bradstreet has a 12-month low of $8.77 and a 12-month high of $12.94. The firm has a market cap of $5.14 billion, a price-to-earnings ratio of -145.44, a PEG ratio of 2.70 and a beta of 1.15.

Dun & Bradstreet (NYSE:DNB) last announced its earnings results on Thursday, October 31st. The business services provider reported $0.27 EPS for the quarter, meeting the consensus estimate of $0.27. Dun & Bradstreet had a positive return on equity of 11.50% and a negative net margin of 1.46%. The business had revenue of $609.10 million for the quarter, compared to the consensus estimate of $605.64 million. During the same period last year, the business posted $0.23 EPS. The company’s revenue was up 3.5% on a year-over-year basis. On average, research analysts forecast that Dun & Bradstreet will post 0.89 EPS for the current year.

Institutional Trading of Dun & Bradstreet

Hedge funds have recently added to or reduced their stakes in the business. Envestnet Asset Management Inc. lifted its position in shares of Dun & Bradstreet by 3.9% in the 2nd quarter. Envestnet Asset Management Inc. now owns 430,137 shares of the business services provider’s stock worth $3,983,000 after acquiring an additional 15,970 shares during the period. Xponance Inc. acquired a new stake in Dun & Bradstreet during the 2nd quarter valued at $100,000. The Manufacturers Life Insurance Company increased its stake in shares of Dun & Bradstreet by 7.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 87,727 shares of the business services provider’s stock valued at $812,000 after buying an additional 6,187 shares during the period. Algert Global LLC bought a new position in shares of Dun & Bradstreet in the 2nd quarter worth $266,000. Finally, Sanctuary Advisors LLC bought a new position in shares of Dun & Bradstreet in the 2nd quarter worth $513,000. 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.