Dun & Bradstreet Holdings, Inc. (NYSE:DNB) Receives Average Recommendation of “Hold” from Brokerages

Shares of Dun & Bradstreet Holdings, Inc. (NYSE:DNB) have earned a consensus recommendation of “Hold” from the six research firms that are currently covering the stock, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $13.13.

A number of brokerages have issued reports on DNB. Needham & Company LLC reaffirmed a “buy” rating and set a $17.00 price target on shares of Dun & Bradstreet in a research note on Friday, November 1st. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $12.00 target price on shares of Dun & Bradstreet in a research note on Wednesday. Finally, StockNews.com upgraded shares of Dun & Bradstreet from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd.

Dun & Bradstreet Stock Performance

DNB stock opened at $11.64 on Thursday. The company has a 50-day simple moving average of $12.10 and a 200 day simple moving average of $11.70. The company has a market capitalization of $5.14 billion, a P/E ratio of -145.44, a PEG ratio of 2.70 and a beta of 1.15. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 1.08. Dun & Bradstreet has a fifty-two week low of $8.77 and a fifty-two week high of $12.94.

Dun & Bradstreet (NYSE:DNB) last posted its quarterly earnings data on Thursday, October 31st. The business services provider reported $0.27 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.27. Dun & Bradstreet had a negative net margin of 1.46% and a positive return on equity of 11.50%. The business had revenue of $609.10 million during the quarter, compared to analysts’ expectations of $605.64 million. During the same period last year, the firm posted $0.23 earnings per share. The business’s revenue was up 3.5% on a year-over-year basis. Sell-side analysts predict that Dun & Bradstreet will post 0.89 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Dun & Bradstreet

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Envestnet Asset Management Inc. raised its holdings in shares of Dun & Bradstreet by 3.9% during the second quarter. Envestnet Asset Management Inc. now owns 430,137 shares of the business services provider’s stock valued at $3,983,000 after acquiring an additional 15,970 shares during the period. Canada Pension Plan Investment Board lifted its holdings in shares of Dun & Bradstreet by 85.1% in the second quarter. Canada Pension Plan Investment Board now owns 8,700 shares of the business services provider’s stock valued at $81,000 after purchasing an additional 4,000 shares in the last quarter. Sei Investments Co. boosted its position in shares of Dun & Bradstreet by 67.7% in the second quarter. Sei Investments Co. now owns 807,257 shares of the business services provider’s stock worth $7,475,000 after buying an additional 325,784 shares during the period. Thrivent Financial for Lutherans boosted its position in shares of Dun & Bradstreet by 58.4% in the second quarter. Thrivent Financial for Lutherans now owns 720,915 shares of the business services provider’s stock worth $6,676,000 after buying an additional 265,666 shares during the period. Finally, Bank of Montreal Can grew its holdings in shares of Dun & Bradstreet by 7,767.6% during the second quarter. Bank of Montreal Can now owns 989,665 shares of the business services provider’s stock valued at $9,194,000 after buying an additional 977,086 shares in the last quarter. 86.68% of the stock is owned by institutional investors and hedge funds.

About Dun & Bradstreet

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.