Zacks Investment Research downgraded shares of Dun & Bradstreet (NYSE:DNB) from a hold rating to a sell rating in a research note published on Monday morning.
According to Zacks, “Dun & Bradstreet operates in a highly fragmented and competitive market with low entry barriers. High debt continues to bother D&B’s performance as it may limit the company's future expansion and worsen its profile. Corporate budgets for information technology-related services are yet to expand sufficiently, which in turn continue to impact the outlook for business – information services companies like D&B. On the flip side, the company continues to hold a dominant position in risk management, credit ratings, sales and marketing, e-business and supply-management solutions. Acquisitions and partnerships have played an important role in D&B’s growth. The company's innovative product pipeline is a major positive. Shares of D&B have outperformed its industry in the past year.”
Separately, TheStreet upgraded Dun & Bradstreet from a c rating to a b- rating in a research report on Monday, November 19th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock has an average rating of Hold and an average price target of $133.40.
Dun & Bradstreet (NYSE:DNB) last announced its earnings results on Thursday, November 1st. The business services provider reported $1.85 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.98 by ($0.13). Dun & Bradstreet had a net margin of 13.02% and a negative return on equity of 36.68%. The business had revenue of $416.70 million for the quarter, compared to analysts’ expectations of $432.51 million. During the same quarter last year, the business earned $1.79 EPS. The company’s quarterly revenue was down 2.7% on a year-over-year basis. As a group, analysts forecast that Dun & Bradstreet will post 8.46 earnings per share for the current year.
Hedge funds have recently made changes to their positions in the business. Livingston Group Asset Management CO operating as Southport Capital Management purchased a new position in Dun & Bradstreet in the 3rd quarter valued at $146,000. Global X Management Co LLC purchased a new position in shares of Dun & Bradstreet during the 2nd quarter worth $185,000. Ibex Investors LLC purchased a new position in shares of Dun & Bradstreet during the 3rd quarter worth $205,000. New Vernon Capital Holdings II LLC purchased a new position in shares of Dun & Bradstreet during the 3rd quarter worth $212,000. Finally, Creative Planning purchased a new position in shares of Dun & Bradstreet during the 3rd quarter worth $222,000. Institutional investors own 84.18% of the company’s stock.
About Dun & Bradstreet
The Dun & Bradstreet Corporation provides commercial data, analytics, and insight on businesses. The company operates through two segments, Americas and Non-Americas. It offers risk management solutions comprising trade credit solutions, such as The D&B Credit Suite, which includes D&B Credit and DNBi, subscription-based online applications that offer customers real time access to information, comprehensive monitoring, and portfolio analysis; various business information reports; and D&B Credibility solutions primarily for small businesses; Supplier Risk Manager, an online application that helps businesses mitigate supply chain risk; Compliance product suite that includes D&B Onboard and D&B Compliance Check, which helps customers comply with anti-money laundering and anti-bribery and corruption regulations through onboarding, screening, and monitoring of customers and third parties; and D&B Direct, an API that enables data integration inside enterprise applications, such as ERP, and enables master data management and toolkit.
Featured Article: What is Liquidity?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Dun & Bradstreet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dun & Bradstreet and related companies with MarketBeat.com's FREE daily email newsletter.