DNB ASA/S (OTCMKTS:DNHBY) Lifted to “Hold” at ValuEngine

Share on StockTwits

ValuEngine upgraded shares of DNB ASA/S (OTCMKTS:DNHBY) from a sell rating to a hold rating in a research note issued to investors on Tuesday morning, ValuEngine reports.

Several other research firms have also recently issued reports on DNHBY. Zacks Investment Research cut shares of DNB ASA/S from a buy rating to a sell rating in a research report on Friday, January 3rd. Berenberg Bank raised shares of DNB ASA/S to a buy rating in a research report on Monday, September 30th.

DNHBY opened at $18.75 on Tuesday. The company’s 50 day simple moving average is $17.82 and its 200 day simple moving average is $17.67. The company has a debt-to-equity ratio of 4.21, a quick ratio of 1.79 and a current ratio of 1.79. DNB ASA/S has a 1 year low of $15.60 and a 1 year high of $19.93. The stock has a market capitalization of $30.00 billion, a PE ratio of 10.36 and a beta of 1.16.

DNB ASA/S (OTCMKTS:DNHBY) last released its earnings results on Thursday, October 24th. The company reported $0.41 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.32 by $0.09. DNB ASA/S had a net margin of 33.63% and a return on equity of 11.30%. The business had revenue of $1.64 billion for the quarter, compared to analysts’ expectations of $1.46 billion. As a group, sell-side analysts expect that DNB ASA/S will post 1.54 earnings per share for the current fiscal year.

About DNB ASA/S

DNB ASA provides various banking products and services for retail and corporate customers in Norway and internationally. The company offers savings and investment products, including saving accounts, home savings products, equities, retirement savings, fixed rate deposits, exchange traded products, bonds and commercial papers, and asset management services; and loans, such as home mortgages, car and consumer loans, trade finance, and export financing, as well as overdraft facilities, bank guarantees, and leasing and factoring services.

See Also: Balance Sheet

To view ValuEngine’s full report, visit ValuEngine’s official website.

Receive News & Ratings for DNB ASA/S Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DNB ASA/S and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply