Family Dollar Stores Stock Rating Lowered by Deutsche Bank (FDO)
Family Dollar Stores (NYSE:FDO) was downgraded by equities research analysts at Deutsche Bank from a “buy” rating to a “hold” rating in a research note issued to investors on Monday, TheFlyOnTheWall.com reports. They currently have a $74.00 target price on the stock, up from their previous target price of $70.00. Deutsche Bank’s price objective indicates a potential upside of 2.38% from the company’s current price. The analysts noted that the move was a valuation call.
Other equities research analysts have also recently issued reports about the stock. Analysts at Johnson Rice downgraded shares of Family Dollar Stores from an “overweight” rating to an “equal weight” rating in a research note to investors on Friday, August 2nd. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Family Dollar Stores in a research note to investors on Monday, July 22nd. They now have a $71.00 price target on the stock. Finally, analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Family Dollar Stores in a research note to investors on Friday, July 19th. They now have a $77.00 price target on the stock, up previously from $69.00.
One equities research analyst has rated the stock with a sell rating, nineteen have assigned a hold rating and four have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $65.28.
Family Dollar Stores (NYSE:FDO) traded up 0.30% on Monday, hitting $72.50. 333,695 shares of the company’s stock traded hands. Family Dollar Stores has a 52 week low of $54.06 and a 52 week high of $74.44. The stock has a 50-day moving average of $69.42 and a 200-day moving average of $62.86. The company has a market cap of $8.337 billion and a P/E ratio of 19.88.
Family Dollar Stores (NYSE:FDO) last released its earnings data on Wednesday, July 10th. The company reported $1.05 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.03 by $0.02. The company had revenue of $2.57 billion for the quarter, compared to the consensus estimate of $2.57 billion. During the same quarter last year, the company posted $1.06 earnings per share. Family Dollar Stores’s revenue was up 9.0% compared to the same quarter last year. On average, analysts predict that Family Dollar Stores will post $3.78 earnings per share for the current fiscal year.
Family Dollar Stores, Inc operates a chain of more than 7,400 general merchandise retail discount stores in 45 states, providing consumers with a selection of merchandise in neighborhood stores.
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