Dun & Bradstreet Corp. (DNB) Reaches New 52-Week High at $130.06
Dun & Bradstreet Corp. (NYSE:DNB) shares hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $130.06 and last traded at $129.88, with a volume of 111,838 shares trading hands. The stock had previously closed at $128.01.
A number of brokerages have issued reports on DNB. Zacks Investment Research lowered shares of Dun & Bradstreet Corp. from a “buy” rating to a “sell” rating in a research note on Tuesday, July 12th. Piper Jaffray Cos. restated a “hold” rating and set a $120.00 price target (up previously from $110.00) on shares of Dun & Bradstreet Corp. in a research note on Thursday, May 12th.
The company’s 50 day moving average is $125.17 and its 200-day moving average is $108.89. The firm has a market cap of $4.70 billion and a price-to-earnings ratio of 29.92.
Dun & Bradstreet Corp. (NYSE:DNB) last released its earnings results on Monday, May 9th. The company reported $0.82 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.95 by $0.13. The business had revenue of $375 million for the quarter, compared to the consensus estimate of $376.26 million. The company’s quarterly revenue was up 5.3% compared to the same quarter last year. During the same quarter last year, the business posted $1.33 EPS. On average, analysts predict that Dun & Bradstreet Corp. will post $7.35 earnings per share for the current fiscal year.
A number of hedge funds and institutional investors have recently added to or reduced their stakes in the stock. Gulf International Bank UK Ltd raised its position in Dun & Bradstreet Corp. by 2.6% in the fourth quarter. Gulf International Bank UK Ltd now owns 10,738 shares of the company’s stock worth $1,116,000 after buying an additional 270 shares during the period. Nationwide Fund Advisors raised its position in Dun & Bradstreet Corp. by 2.2% in the fourth quarter. Nationwide Fund Advisors now owns 10,995 shares of the company’s stock worth $1,143,000 after buying an additional 232 shares during the period. First Trust Advisors LP raised its position in Dun & Bradstreet Corp. by 24.8% in the fourth quarter. First Trust Advisors LP now owns 17,815 shares of the company’s stock worth $1,852,000 after buying an additional 3,535 shares during the period. PNC Financial Services Group Inc. raised its position in Dun & Bradstreet Corp. by 1.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 17,850 shares of the company’s stock worth $1,855,000 after buying an additional 325 shares during the period. Finally, Rhumbline Advisers raised its position in Dun & Bradstreet Corp. by 0.3% in the fourth quarter. Rhumbline Advisers now owns 57,650 shares of the company’s stock worth $5,992,000 after buying an additional 147 shares during the period.
The Dun & Bradstreet Corporation is the source of commercial data, analytics and insight on businesses. The Company’s commercial database contained over 240 million business records. The customers use D&B Risk management solutions to mitigate credit, compliance and supplier risk, and D&B Sales and marketing solutions to offers data management capabilities.
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