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

StockNews.com assumed coverage on shares of Dun & Bradstreet (NYSE:DNB) in a research report issued to clients and investors on Sunday. The brokerage set a “hold” rating on the business services provider’s stock.

DNB has been the subject of several other reports. The Goldman Sachs Group dropped their target price on Dun & Bradstreet from $12.80 to $11.00 and set a “neutral” rating for the company in a research report on Friday, February 21st. Royal Bank of Canada restated a “sector perform” rating and set a $12.00 price objective on shares of Dun & Bradstreet in a research report on Wednesday, January 29th. Jefferies Financial Group reiterated a “hold” rating and issued a $9.15 target price (down from $11.00) on shares of Dun & Bradstreet in a report on Tuesday, March 25th. Finally, Needham & Company LLC reiterated a “hold” rating and issued a $14.00 target price on shares of Dun & Bradstreet in a report on Monday, March 24th. Seven equities research analysts have rated the stock with a hold rating, According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $11.86.

Dun & Bradstreet Price Performance

Dun & Bradstreet stock opened at $9.16 on Friday. The company has a current ratio of 0.65, a quick ratio of 0.70 and a debt-to-equity ratio of 1.06. The company has a market capitalization of $4.09 billion, a PE ratio of -152.64, a P/E/G ratio of 2.21 and a beta of 1.14. Dun & Bradstreet has a 12 month low of $7.78 and a 12 month high of $12.95. The stock has a 50-day moving average price of $8.77 and a two-hundred day moving average price of $10.78.

Dun & Bradstreet (NYSE:DNB) last posted its earnings results on Thursday, February 20th. The business services provider reported $0.27 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.05). The firm had revenue of $631.90 million during the quarter, compared to the consensus estimate of $658.04 million. Dun & Bradstreet had a negative net margin of 1.20% and a positive return on equity of 11.29%. Analysts expect that Dun & Bradstreet will post 0.96 EPS for the current year.

Insider Activity at Dun & Bradstreet

In related news, Chairman William P. Foley II sold 2,500,000 shares of the firm’s stock in a transaction dated Tuesday, March 25th. The shares were sold at an average price of $8.99, for a total transaction of $22,475,000.00. Following the transaction, the chairman now directly owns 8,109,644 shares of the company’s stock, valued at $72,905,699.56. This trade represents a 23.56 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 10.44% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in DNB. Teacher Retirement System of Texas purchased a new stake in Dun & Bradstreet during the first quarter worth about $742,000. Cannon Global Investment Management LLC purchased a new stake in Dun & Bradstreet during the first quarter worth about $268,000. CIBRA Capital Ltd purchased a new stake in Dun & Bradstreet during the first quarter worth about $8,395,000. Summit Trail Advisors LLC purchased a new stake in Dun & Bradstreet during the first quarter worth about $137,000. Finally, Crescent Grove Advisors LLC increased its holdings in Dun & Bradstreet by 8.1% during the first quarter. Crescent Grove Advisors LLC now owns 6,678,062 shares of the business services provider’s stock worth $59,702,000 after buying an additional 498,558 shares during the last quarter. 86.68% of the stock is owned by institutional investors.

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.