Dun & Bradstreet Corporation (The) (DNB) Lifted to “Buy” at Zacks Investment Research

Zacks Investment Research upgraded shares of Dun & Bradstreet Corporation (The) (NYSE:DNB) from a hold rating to a buy rating in a research note published on Monday, August 7th. The firm currently has $127.00 price target on the business services provider’s stock.

According to Zacks, “Dun & Bradstreet reported second quarter results 2017 wherein earnings topped the Zacks Consensus Estimate but revenues missed the same. On a year over year basis, revenues registered growth driven by the Avention acquisition. Plus, cost savings resulted in a strong operating margin performance. Management has now raised the lower end of its operating margin growth for the year. We continue to expect that DNB will benefit from its high-margin business model and strong product portfolio. Its partnerships with big players have also helped it bring many more customers into the fold. Plus, the company is also well-positioned to gain from its strategic acquisitions and alliances. The company’s focus on expanding analytics capabilities is also a positive. However, stiff competition, weak DNBi business and high debt continue to remain areas of concerns. Shares have underperformed the broader market in the past one year.”

Separately, BidaskClub raised shares of Dun & Bradstreet Corporation (The) from a sell rating to a hold rating in a report on Thursday, June 29th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus price target of $117.33.

Shares of Dun & Bradstreet Corporation (NYSE DNB) traded down 2.98% during trading on Monday, reaching $110.06. 510,587 shares of the company’s stock were exchanged. The stock has a market capitalization of $4.07 billion, a PE ratio of 37.47 and a beta of 1.22. Dun & Bradstreet Corporation has a 52 week low of $100.46 and a 52 week high of $139.86. The company’s 50-day moving average is $110.44 and its 200 day moving average is $108.52.

Dun & Bradstreet Corporation (The) (NYSE:DNB) last announced its quarterly earnings results on Wednesday, August 2nd. The business services provider reported $1.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.16 by $0.24. Dun & Bradstreet Corporation (The) had a net margin of 6.36% and a negative return on equity of 26.85%. The company had revenue of $408.40 million during the quarter, compared to the consensus estimate of $410.90 million. During the same quarter in the previous year, the company posted $1.37 earnings per share. The company’s revenue for the quarter was up 2.3% compared to the same quarter last year. On average, analysts forecast that Dun & Bradstreet Corporation will post $7.04 earnings per share for the current year.

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The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 8th. Investors of record on Wednesday, August 23rd will be paid a dividend of $0.5025 per share. This represents a $2.01 dividend on an annualized basis and a dividend yield of 1.83%. The ex-dividend date of this dividend is Monday, August 21st. Dun & Bradstreet Corporation (The)’s dividend payout ratio is currently 68.37%.

Several large investors have recently modified their holdings of the stock. Ameritas Investment Partners Inc. boosted its stake in shares of Dun & Bradstreet Corporation (The) by 1,172.0% in the second quarter. Ameritas Investment Partners Inc. now owns 11,041 shares of the business services provider’s stock worth $1,194,000 after buying an additional 10,173 shares in the last quarter. Nomura Holdings Inc. bought a new stake in shares of Dun & Bradstreet Corporation (The) during the second quarter worth $206,000. The Manufacturers Life Insurance Company boosted its stake in shares of Dun & Bradstreet Corporation (The) by 28.4% in the second quarter. The Manufacturers Life Insurance Company now owns 54,162 shares of the business services provider’s stock worth $5,858,000 after buying an additional 11,978 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in shares of Dun & Bradstreet Corporation (The) by 264.8% in the second quarter. Arrowstreet Capital Limited Partnership now owns 258,637 shares of the business services provider’s stock worth $27,972,000 after buying an additional 187,737 shares in the last quarter. Finally, Glenview Capital Management LLC bought a new stake in shares of Dun & Bradstreet Corporation (The) during the second quarter worth $108,776,000. Institutional investors and hedge funds own 90.24% of the company’s stock.

Dun & Bradstreet Corporation (The) 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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