Dun & Bradstreet (DNB) Sets New 52-Week High at $128.17
Shares of Dun & Bradstreet Corp (NYSE:DNB) hit a new 52-week high during trading on Monday . The stock traded as high as $128.17 and last traded at $128.09, with a volume of 74477 shares. The stock had previously closed at $127.68.
DNB has been the topic of several research analyst reports. Zacks Investment Research downgraded Dun & Bradstreet from a “hold” rating to a “sell” rating in a research note on Tuesday, January 2nd. ValuEngine raised Dun & Bradstreet from a “hold” rating to a “buy” rating in a research note on Tuesday, February 13th. Barclays raised Dun & Bradstreet from an “underweight” rating to an “equal weight” rating and raised their price objective for the stock from $105.00 to $125.00 in a research note on Monday, November 13th. JPMorgan Chase & Co. raised their price objective on Dun & Bradstreet from $117.00 to $124.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 14th. Finally, William Blair reaffirmed a “market perform” rating on shares of Dun & Bradstreet in a research note on Tuesday, February 13th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Dun & Bradstreet presently has an average rating of “Buy” and an average target price of $129.80.
The stock has a market cap of $4,723.67, a P/E ratio of 17.35, a PEG ratio of 3.49 and a beta of 1.20. The company has a debt-to-equity ratio of -2.03, a quick ratio of 1.04 and a current ratio of 1.04.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 9th. Shareholders of record on Thursday, February 22nd will be paid a $0.5225 dividend. This is an increase from Dun & Bradstreet’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Wednesday, February 21st. This represents a $2.09 annualized dividend and a dividend yield of 1.63%. Dun & Bradstreet’s dividend payout ratio (DPR) is currently 55.15%.
Several institutional investors and hedge funds have recently added to or reduced their stakes in DNB. Nationwide Fund Advisors raised its stake in shares of Dun & Bradstreet by 16.0% in the 3rd quarter. Nationwide Fund Advisors now owns 75,441 shares of the business services provider’s stock valued at $8,782,000 after purchasing an additional 10,406 shares during the period. Aperio Group LLC raised its stake in shares of Dun & Bradstreet by 9.9% in the 3rd quarter. Aperio Group LLC now owns 14,020 shares of the business services provider’s stock valued at $1,632,000 after purchasing an additional 1,258 shares during the period. Crossmark Global Holdings Inc. acquired a new stake in shares of Dun & Bradstreet in the 3rd quarter valued at about $456,000. State Board of Administration of Florida Retirement System raised its stake in shares of Dun & Bradstreet by 1.7% in the 3rd quarter. State Board of Administration of Florida Retirement System now owns 46,429 shares of the business services provider’s stock valued at $5,405,000 after purchasing an additional 790 shares during the period. Finally, Lincoln National Corp acquired a new stake in shares of Dun & Bradstreet in the 3rd quarter valued at about $487,000. 90.90% of the stock is currently owned by hedge funds and other institutional investors.
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Dun & Bradstreet 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 and Canada, and Non-Americas, which consists of its operations in the United Kingdom, Greater China, India, and its European and Asia Pacific Worldwide Networks.
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