Zacks Investment Research upgraded shares of Dun & Bradstreet (NYSE:DNB) from a hold rating to a buy rating in a report issued on Friday. Zacks Investment Research currently has $133.00 price target on the business services provider’s stock.
According to Zacks, “The Dun & Bradstreet reported strong fourth-quarter 2017 results. Both earnings and revenues increased on a year-over-year basis. Management has appointed Mckinsey & company to undertake a strategic and operational review of the business and consequently, refrained from offering any guidance. The company also appointed Lead Director Thomas Manning as the Chairman of the Board and interim CEO, after Robert Carrigan decided to step down. We continue to expect that D&B will benefit from its high-margin business model and ever-expanding product portfolio. Additionally, the company is well-positioned to gain from strategic acquisitions and alliances. However, stiff competition, weak international business and high debt remain major concerns. Shares have underperformed the industry in the past year.”
Other research analysts have also recently issued reports about the stock. ValuEngine upgraded shares of Dun & Bradstreet from a hold rating to a buy rating in a report on Tuesday, February 13th. Barclays upgraded shares of Dun & Bradstreet from an underweight rating to an equal weight rating and increased their target price for the stock from $105.00 to $125.00 in a report on Monday, November 13th. William Blair reiterated a market perform rating on shares of Dun & Bradstreet in a report on Tuesday, February 13th. JPMorgan Chase & Co. increased their target price on shares of Dun & Bradstreet from $117.00 to $124.00 and gave the stock a neutral rating in a report on Wednesday, February 14th. Finally, Goldman Sachs Group started coverage on shares of Dun & Bradstreet in a report on Wednesday, November 8th. They set a neutral rating and a $125.00 target price on the stock. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock currently has an average rating of Buy and a consensus price target of $129.80.
Dun & Bradstreet (NYSE:DNB) last issued its earnings results on Monday, February 12th. The business services provider reported $3.22 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $3.04 by $0.18. Dun & Bradstreet had a net margin of 8.09% and a negative return on equity of 29.86%. The company had revenue of $528.30 million for the quarter, compared to analysts’ expectations of $535.82 million. During the same period in the prior year, the business earned $2.99 EPS. The firm’s quarterly revenue was up 2.2% on a year-over-year basis. analysts forecast that Dun & Bradstreet will post 8 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 9th. Stockholders of record on Thursday, February 22nd will be issued a $0.5225 dividend. This is a boost from Dun & Bradstreet’s previous quarterly dividend of $0.50. This represents a $2.09 dividend on an annualized basis and a dividend yield of 1.72%. The ex-dividend date of this dividend is Wednesday, February 21st. Dun & Bradstreet’s dividend payout ratio (DPR) is currently 52.76%.
Several large investors have recently added to or reduced their stakes in DNB. Cerebellum GP LLC bought a new stake in shares of Dun & Bradstreet in the 4th quarter valued at about $128,000. First Mercantile Trust Co. bought a new stake in shares of Dun & Bradstreet in the 4th quarter valued at about $184,000. Eagle Ridge Investment Management bought a new stake in shares of Dun & Bradstreet in the 4th quarter valued at about $201,000. Moneta Group Investment Advisors LLC bought a new stake in shares of Dun & Bradstreet in the 3rd quarter valued at about $204,000. Finally, Nomura Holdings Inc. bought a new stake in shares of Dun & Bradstreet in the 2nd quarter valued at about $206,000. Institutional investors and hedge funds own 94.15% of the company’s stock.
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Dun & Bradstreet Company Profile
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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