Dun & Bradstreet (NYSE:DNB) Coverage Initiated at StockNews.com

Posted by Defense World Staff on May 18th, 2023

Stock analysts at StockNews.com began coverage on shares of Dun & Bradstreet (NYSE:DNB – Get Rating) in a report issued on Thursday. The firm set a “hold” rating on the business services provider’s stock.

Several other research analysts have also commented on DNB. The Goldman Sachs Group decreased their price target on shares of Dun & Bradstreet from $14.00 to $12.00 and set a “neutral” rating for the company in a report on Friday, February 17th. Raymond James decreased their price target on shares of Dun & Bradstreet from $21.00 to $18.00 and set an “outperform” rating for the company in a report on Friday, February 17th. Wells Fargo & Company decreased their price target on shares of Dun & Bradstreet from $20.00 to $17.00 and set an “overweight” rating for the company in a report on Friday, February 17th. Needham & Company LLC reaffirmed a “buy” rating and issued a $18.00 price target on shares of Dun & Bradstreet in a report on Thursday, February 23rd. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Dun & Bradstreet from a “hold” rating to a “buy” rating and upped their target price for the stock from $15.00 to $17.00 in a research report on Thursday, February 23rd. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $15.75.

Dun & Bradstreet Stock Up 1.1 %

Shares of NYSE DNB opened at $10.13 on Thursday. Dun & Bradstreet has a 1 year low of $9.86 and a 1 year high of $17.50. The firm’s 50 day moving average price is $11.13 and its 200 day moving average price is $12.44. The firm has a market cap of $4.45 billion, a P/E ratio of -1,013.00, a price-to-earnings-growth ratio of 1.55 and a beta of 0.96. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.62 and a current ratio of 0.62.

Dun & Bradstreet (NYSE:DNB – Get Rating) last announced its earnings results on Thursday, May 4th. The business services provider reported $0.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.17 by $0.02. Dun & Bradstreet had a negative net margin of 0.21% and a positive return on equity of 11.02%. The firm had revenue of $540.60 million for the quarter, compared to analyst estimates of $531.82 million. During the same quarter last year, the business earned $0.22 earnings per share. Dun & Bradstreet’s revenue was up .9% compared to the same quarter last year. As a group, sell-side analysts anticipate that Dun & Bradstreet will post 0.84 earnings per share for the current year.

Insider Activity at Dun & Bradstreet

In related news, Chairman William P. Foley II sold 1,290,994 shares of the stock in a transaction that occurred on Wednesday, May 10th. The shares were sold at an average price of $10.72, for a total transaction of $13,839,455.68. Following the completion of the sale, the chairman now directly owns 2,459,658 shares of the company’s stock, valued at $26,367,533.76. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, CEO Anthony M. Jabbour purchased 116,250 shares of the business’s stock in a transaction dated Monday, March 20th. The shares were acquired at an average price of $10.74 per share, for a total transaction of $1,248,525.00. Following the completion of the acquisition, the chief executive officer now directly owns 475,252 shares of the company’s stock, valued at $5,104,206.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman William P. Foley II sold 1,290,994 shares of the business’s stock in a transaction that occurred on Wednesday, May 10th. The shares were sold at an average price of $10.72, for a total transaction of $13,839,455.68. Following the sale, the chairman now owns 2,459,658 shares in the company, valued at approximately $26,367,533.76. The disclosure for this sale can be found here. Company insiders own 9.60% of the company’s stock.

Institutional Investors Weigh In On Dun & Bradstreet

A number of large investors have recently made changes to their positions in the company. Signaturefd LLC increased its stake in Dun & Bradstreet by 505.6% in the 4th quarter. Signaturefd LLC now owns 2,913 shares of the business services provider’s stock valued at $36,000 after buying an additional 2,432 shares during the period. American International Group Inc. increased its stake in Dun & Bradstreet by 57.1% in the 2nd quarter. American International Group Inc. now owns 2,631 shares of the business services provider’s stock valued at $40,000 after buying an additional 956 shares during the period. Advisor Group Holdings Inc. increased its stake in Dun & Bradstreet by 287.3% in the 1st quarter. Advisor Group Holdings Inc. now owns 2,750 shares of the business services provider’s stock valued at $48,000 after buying an additional 2,040 shares during the period. MetLife Investment Management LLC acquired a new position in Dun & Bradstreet in the 1st quarter valued at approximately $56,000. Finally, Ossiam increased its stake in Dun & Bradstreet by 114.1% in the 1st quarter. Ossiam now owns 5,820 shares of the business services provider’s stock valued at $68,000 after buying an additional 3,102 shares during the period. Institutional investors and hedge funds own 85.36% of the company’s stock.

Dun & Bradstreet Company Profile

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Dun & Bradstreet Holdings, Inc provides business decisioning 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 powerful 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 InfoTorg, an online SaaS application.