Dun & Bradstreet (NYSE:DNB) PT Raised to $13.00 at JPMorgan Chase & Co.

Dun & Bradstreet (NYSE:DNB) had its target price hoisted by JPMorgan Chase & Co. from $11.00 to $13.00 in a report released on Monday morning, Benzinga reports. The brokerage currently has a neutral rating on the business services provider’s stock.

A number of other equities analysts have also recently issued reports on the stock. The Goldman Sachs Group raised their price objective on shares of Dun & Bradstreet from $10.40 to $11.80 and gave the company a neutral rating in a research note on Monday. Royal Bank of Canada reduced their price target on Dun & Bradstreet from $15.00 to $12.00 and set a sector perform rating on the stock in a research report on Friday, August 2nd. Jefferies Financial Group dropped their price objective on Dun & Bradstreet from $14.00 to $13.00 and set a buy rating for the company in a report on Friday, April 12th. Finally, Needham & Company LLC restated a buy rating and set a $17.00 target price on shares of Dun & Bradstreet in a report on Monday. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of Hold and an average price target of $13.73.

Dun & Bradstreet Stock Up 2.6 %

NYSE DNB opened at $11.90 on Monday. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.62 and a current ratio of 0.71. Dun & Bradstreet has a 52 week low of $8.68 and a 52 week high of $12.75. The stock has a market capitalization of $5.27 billion, a P/E ratio of -148.75, a price-to-earnings-growth ratio of 1.89 and a beta of 1.15. The stock has a fifty day moving average of $9.85 and a 200-day moving average of $10.13.

Dun & Bradstreet (NYSE:DNB) last announced its quarterly earnings data on Thursday, August 1st. The business services provider reported $0.23 EPS for the quarter, hitting analysts’ consensus estimates of $0.23. The firm had revenue of $576.20 million during the quarter, compared to analyst estimates of $580.77 million. Dun & Bradstreet had a positive return on equity of 11.35% and a negative net margin of 1.42%. The company’s revenue was up 3.9% on a year-over-year basis. During the same period last year, the company earned $0.17 earnings per share. On average, equities research analysts forecast that Dun & Bradstreet will post 0.89 EPS for the current year.

Dun & Bradstreet Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 19th. Investors of record on Thursday, September 5th will be given a $0.05 dividend. The ex-dividend date is Thursday, September 5th. This represents a $0.20 annualized dividend and a dividend yield of 1.68%. Dun & Bradstreet’s dividend payout ratio is presently -250.00%.

Institutional Trading of Dun & Bradstreet

Several hedge funds have recently bought and sold shares of the stock. Arizona State Retirement System raised its holdings in shares of Dun & Bradstreet by 8.0% during the fourth quarter. Arizona State Retirement System now owns 67,531 shares of the business services provider’s stock worth $790,000 after acquiring an additional 4,984 shares during the period. Allspring Global Investments Holdings LLC raised its stake in shares of Dun & Bradstreet by 4.3% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 14,208,101 shares of the business services provider’s stock valued at $166,235,000 after purchasing an additional 588,460 shares during the period. Sequoia Financial Advisors LLC bought a new stake in shares of Dun & Bradstreet in the fourth quarter valued at about $218,000. Cornercap Investment Counsel Inc. acquired a new position in shares of Dun & Bradstreet during the fourth quarter worth about $593,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Dun & Bradstreet by 27.2% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 54,821 shares of the business services provider’s stock worth $641,000 after buying an additional 11,720 shares in the last quarter. 86.68% of the stock is currently owned by institutional investors and hedge funds.

Dun & Bradstreet Company Profile

Dun & Bradstreet Holdings, Inc, together with its subsidiaries, provides business-to-business 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 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 D&B Risk Analytics, a subscription-based online application that offers clients real-time access to complete and up-to-date global information to mitigate supply chain risk, regulatory risk, and ESG assessment, as well as other related risks; Risk Guardian, a subscription-based online application that offers real-time access to Northern Europe information, monitoring, and portfolio analysis; and D&B Beneficial Ownership that offers risk intelligence on ultimate beneficial ownership.