Dollar General Corp. Receives New Coverage from Analysts at Susquehanna (DG)
Susquehanna initiated coverage on shares of Dollar General Corp. (NYSE:DG) in a research note issued on Tuesday, TheFlyOnTheWall.com reports. The firm set a “positive” rating on the stock.
Dollar General Corp. (NYSE:DG) traded up 0.29% during mid-day trading on Tuesday, hitting $59.34. 1,755,767 shares of the company’s stock traded hands. Dollar General Corp. has a 52-week low of $39.73 and a 52-week high of $55.82. The stock’s 50-day moving average is $55.04 and its 200-day moving average is $52.29. The company has a market cap of $19.203 billion and a price-to-earnings ratio of 19.70.
Dollar General Corp. (NYSE:DG) last posted its quarterly earnings results on Wednesday, September 4th. The company reported $0.77 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.74 by $0.03. The company had revenue of $4.39 billion for the quarter, compared to the consensus estimate of $4.36 billion. During the same quarter last year, the company posted $0.69 earnings per share. Dollar General Corp.’s revenue was up 11.3% compared to the same quarter last year. On average, analysts predict that Dollar General Corp. will post $3.30 earnings per share for the current fiscal year.
DG has been the subject of a number of other recent research reports. Analysts at Barclays downgraded shares of Dollar General Corp. from an “overweight” rating to an “equal weight” rating in a research note to investors on Tuesday, September 10th. Separately, analysts at Wedbush raised their price target on shares of Dollar General Corp. from $58.00 to $64.00 in a research note to investors on Thursday, September 5th. They now have an “outperform” rating on the stock. Finally, analysts at RBC Capital raised their price target on shares of Dollar General Corp. from $52.00 to $57.00 in a research note to investors on Thursday, September 5th. They now have a “sector perform” rating on the stock. Five analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. Dollar General Corp. has a consensus rating of “Buy” and a consensus price target of $60.00.
Dollar General Corporation is a discount retailer in the United States by number of stores, with 9,961 stores located in 39 states as of March 2, 2012, primarily in the southern, southwestern, midwestern and eastern United States.
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