Dun & Bradstreet (NYSE:DNB) Reaches New 52-Week High – Should You Buy?

Shares of Dun & Bradstreet Holdings, Inc. (NYSE:DNB) hit a new 52-week high on Monday . The company traded as high as $12.80 and last traded at $12.73, with a volume of 23171 shares. The stock had previously closed at $12.59.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Royal Bank of Canada dropped their price target on Dun & Bradstreet from $15.00 to $12.00 and set a “sector perform” rating on the stock in a research note on Friday, August 2nd. Needham & Company LLC reaffirmed a “buy” rating and set a $17.00 target price on shares of Dun & Bradstreet in a report on Friday, November 1st. StockNews.com raised Dun & Bradstreet from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Barclays lifted their target price on Dun & Bradstreet from $11.00 to $12.00 and gave the stock an “equal weight” rating in a report on Friday, September 13th. Finally, JPMorgan Chase & Co. lifted their target price on Dun & Bradstreet from $11.00 to $13.00 and gave the stock a “neutral” rating in a report on Monday, August 5th. Five equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $13.83.

Dun & Bradstreet Price Performance

The company has a market capitalization of $5.62 billion, a price-to-earnings ratio of -159.13, a P/E/G ratio of 3.50 and a beta of 1.15. The stock has a fifty day simple moving average of $11.63 and a 200-day simple moving average of $10.90. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.70 and a quick ratio of 0.70.

Dun & Bradstreet (NYSE:DNB) last announced its quarterly earnings results on Thursday, October 31st. The business services provider reported $0.27 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.27. Dun & Bradstreet had a positive return on equity of 11.50% and a negative net margin of 1.46%. The company had revenue of $609.10 million during the quarter, compared to the consensus estimate of $605.64 million. During the same period in the previous year, the company posted $0.23 earnings per share. Dun & Bradstreet’s revenue for the quarter was up 3.5% on a year-over-year basis. On average, equities research analysts anticipate that Dun & Bradstreet Holdings, Inc. will post 0.88 EPS for the current year.

Dun & Bradstreet Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th will be given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.57%. The ex-dividend date of this dividend is Thursday, December 5th. Dun & Bradstreet’s dividend payout ratio (DPR) is presently -250.00%.

Institutional Trading of Dun & Bradstreet

Institutional investors and hedge funds have recently made changes to their positions in the business. Jane Street Group LLC purchased a new stake in shares of Dun & Bradstreet in the first quarter valued at approximately $3,936,000. Vanguard Group Inc. increased its position in shares of Dun & Bradstreet by 3.3% in the first quarter. Vanguard Group Inc. now owns 27,428,272 shares of the business services provider’s stock valued at $275,380,000 after buying an additional 868,621 shares in the last quarter. Versor Investments LP purchased a new stake in shares of Dun & Bradstreet during the second quarter worth approximately $575,000. Linden Thomas Advisory Services LLC raised its stake in Dun & Bradstreet by 44.7% in the 2nd quarter. Linden Thomas Advisory Services LLC now owns 69,292 shares of the business services provider’s stock valued at $642,000 after purchasing an additional 21,396 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC raised its stake in Dun & Bradstreet by 7.4% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 21,085,138 shares of the business services provider’s stock valued at $242,690,000 after purchasing an additional 1,451,705 shares during the last quarter. 86.68% of the stock is currently owned by hedge funds and other institutional investors.

Dun & Bradstreet Company Profile

Dun & Bradstreet Holdings, Inc, together with its subsidiaries, provides business-to-business data and analytics in North America and internationally. It offers finance and risk solutions, including D&B Finance Analytics, an online application that offers clients real time access to its information, comprehensive monitoring, and portfolio analysis; D&B Direct, an application programming interface (API) that delivers risk and financial data directly into enterprise applications for real-time credit decision-making; D&B Small Business, a suite of tools that allows SMBs to monitor and build their business credit file; D&B Enterprise Risk Assessment Manager, a solution for managing and automating credit decisioning and reporting; and D&B Risk Analytics, a subscription-based online application that offers clients real-time access to complete and up-to-date global information to mitigate supply chain risk, regulatory risk, and ESG assessment, as well as other related risks; Risk Guardian, a subscription-based online application that offers real-time access to Northern Europe information, monitoring, and portfolio analysis; and D&B Beneficial Ownership that offers risk intelligence on ultimate beneficial ownership.