Dun & Bradstreet (NYSE:DNB) Sets New 1-Year Low – What’s Next?

Dun & Bradstreet Holdings, Inc. (NYSE:DNB)’s stock price reached a new 52-week low during trading on Monday . The company traded as low as $8.39 and last traded at $8.43, with a volume of 3873344 shares traded. The stock had previously closed at $8.81.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Needham & Company LLC dropped their price target on Dun & Bradstreet from $17.00 to $14.00 and set a “buy” rating on the stock in a research note on Friday, February 21st. Royal Bank of Canada reissued a “sector perform” rating and issued a $12.00 target price on shares of Dun & Bradstreet in a research report on Wednesday, January 29th. Finally, The Goldman Sachs Group reduced their price target on shares of Dun & Bradstreet from $12.80 to $11.00 and set a “neutral” rating for the company in a research report on Friday, February 21st. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $12.50.

Dun & Bradstreet Trading Down 0.8 %

The stock has a 50-day moving average price of $10.80 and a two-hundred day moving average price of $11.50. The stock has a market capitalization of $3.53 billion, a PE ratio of -133.06, a PEG ratio of 2.21 and a beta of 1.19. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.70 and a current ratio of 0.65.

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

Dun & Bradstreet Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th will be given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 2.50%. The ex-dividend date is Thursday, March 6th. Dun & Bradstreet’s payout ratio is currently -333.33%.

Hedge Funds Weigh In On Dun & Bradstreet

Institutional investors have recently bought and sold shares of the stock. State Street Corp lifted its stake in Dun & Bradstreet by 9.8% in the 3rd quarter. State Street Corp now owns 5,227,336 shares of the business services provider’s stock worth $60,167,000 after purchasing an additional 468,027 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Dun & Bradstreet by 23.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,976,053 shares of the business services provider’s stock worth $45,764,000 after buying an additional 760,956 shares in the last quarter. Park Avenue Securities LLC boosted its stake in Dun & Bradstreet by 15.5% during the fourth quarter. Park Avenue Securities LLC now owns 60,548 shares of the business services provider’s stock valued at $754,000 after buying an additional 8,103 shares during the last quarter. Barclays PLC grew its holdings in Dun & Bradstreet by 144.9% during the 3rd quarter. Barclays PLC now owns 1,192,700 shares of the business services provider’s stock valued at $13,728,000 after buying an additional 705,707 shares in the last quarter. Finally, MML Investors Services LLC increased its stake in Dun & Bradstreet by 62.2% in the 3rd quarter. MML Investors Services LLC now owns 27,795 shares of the business services provider’s stock worth $320,000 after acquiring an additional 10,658 shares during the last quarter. 86.68% of the stock is owned by hedge funds and other 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.