Dun & Bradstreet Corporation (The) (DNB) Cut to Strong Sell at Zacks Investment Research

Dun & Bradstreet Corporation (The) (NYSE:DNB) was downgraded by Zacks Investment Research from a “hold” rating to a “strong sell” rating in a report released on Tuesday.

According to Zacks, “Dun & Bradstreet reported fourth quarter 2016 results wherein adjusted earnings fell short of the Zacks Consensus Estimate but revenues beat the same. However, management said that it expects revenues from Salesforce partnership to decline in 2017. Plus, management added that increasing investments to sell D&B Hoover offerings on the Salesforce platform will impact yearly performance. We also observe that though D&B’s Americas business remains strong, but the international business continues to be a drag on financials. Stiff competition, weak DNBi business and high debt are other areas of concerns. Shares have vastly underperformed the broader market. However, its high-margin business model and strong product portfolio, strategic acquisitions and alliances and partnerships with big players are expected to fuel growth in the long term. “

A number of other equities research analysts have also commented on DNB. William Blair reissued a “market perform” rating on shares of Dun & Bradstreet Corporation (The) in a research report on Monday, October 17th. Goldman Sachs Group, Inc. (The) raised Dun & Bradstreet Corporation (The) from a “sell” rating to a “neutral” rating and raised their target price for the company from $112.00 to $120.00 in a research report on Friday, January 20th. Finally, Barclays PLC decreased their target price on Dun & Bradstreet Corporation (The) from $125.00 to $105.00 and set an “underweight” rating for the company in a research report on Friday. Two research analysts have rated the stock with a sell rating and three have assigned a hold rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $120.75.

Shares of Dun & Bradstreet Corporation (NYSE:DNB) opened at 102.31 on Tuesday. Dun & Bradstreet Corporation has a 1-year low of $89.76 and a 1-year high of $141.57. The firm has a market capitalization of $3.76 billion, a price-to-earnings ratio of 38.62 and a beta of 1.39. The company’s 50-day moving average is $120.75 and its 200 day moving average is $127.06.

Dun & Bradstreet Corporation (The) (NYSE:DNB) last issued its earnings results on Wednesday, February 8th. The company reported $2.99 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.04 by $0.05. Dun & Bradstreet Corporation (The) had a negative return on equity of 25.04% and a net margin of 5.72%. The firm earned $517.10 million during the quarter, compared to the consensus estimate of $513.94 million. During the same quarter in the prior year, the business earned $2.87 earnings per share. Dun & Bradstreet Corporation (The)’s revenue for the quarter was up 2.5% on a year-over-year basis. On average, analysts expect that Dun & Bradstreet Corporation will post $7.13 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 10th. Investors of record on Thursday, February 23rd will be issued a $0.5025 dividend. The ex-dividend date is Tuesday, February 21st. This represents a $2.01 annualized dividend and a yield of 1.96%. This is a positive change from Dun & Bradstreet Corporation (The)’s previous quarterly dividend of $0.48. Dun & Bradstreet Corporation (The)’s dividend payout ratio (DPR) is 73.38%.

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Large investors have recently made changes to their positions in the company. California State Teachers Retirement System raised its stake in shares of Dun & Bradstreet Corporation (The) by 0.9% in the third quarter. California State Teachers Retirement System now owns 78,937 shares of the company’s stock worth $10,784,000 after buying an additional 700 shares in the last quarter. JPMorgan Chase & Co. raised its stake in Dun & Bradstreet Corporation (The) by 97.2% in the third quarter. JPMorgan Chase & Co. now owns 70,448 shares of the company’s stock valued at $9,625,000 after buying an additional 34,720 shares in the last quarter. Northern Trust Corp raised its stake in Dun & Bradstreet Corporation (The) by 1.6% in the third quarter. Northern Trust Corp now owns 527,171 shares of the company’s stock valued at $72,022,000 after buying an additional 8,500 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its stake in Dun & Bradstreet Corporation (The) by 5.8% in the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 108,727 shares of the company’s stock valued at $14,854,000 after buying an additional 5,985 shares in the last quarter. Finally, BlackRock Institutional Trust Company N.A. raised its stake in Dun & Bradstreet Corporation (The) by 5.4% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 1,055,034 shares of the company’s stock valued at $144,139,000 after buying an additional 54,369 shares in the last quarter. 91.79% of the stock is owned by institutional investors.

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, Canada and Latin America, and Non-Americas, which consists of its operations in the United Kingdom, the Netherlands, Belgium, Greater China and India.

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