Dollar General Corp. Stock Rating Reaffirmed by RBC Capital (DG)
Dollar General Corp. (NYSE:DG)‘s stock had its “sector perform” rating reiterated by research analysts at RBC Capital in a report released on Tuesday, Analyst Ratings Network reports. They currently have a $66.00 price target on the stock, up from their previous price target of $63.00. RBC Capital’s target price would suggest a potential upside of 10.35% from the company’s current price.
The analysts wrote, “We are modestly lowering our 3Q13 estimates for Dollar General. Despite our bullish long-term outlook for the company, we remain neutral on DG shares given the continuing macroeconomic pressures on Dollar General’s core customer base.”
DG has been the subject of a number of other recent research reports. Analysts at Susquehanna initiated coverage on shares of Dollar General Corp. in a research note to investors on Tuesday, October 29th. They set a “positive” rating and a $72.00 price target on the stock. 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. Five analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $61.05.
Dollar General Corp. (NYSE:DG) opened at 59.81 on Tuesday. Dollar General Corp. has a 1-year low of $39.73 and a 1-year high of $60.25. The stock has a 50-day moving average of $58. and a 200-day moving average of $55.38. The company has a market cap of $19.355 billion and a P/E ratio of 19.91.
Dollar General Corp. (NYSE:DG) last released its earnings data on Thursday, December 5th. The company reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.02. The company had revenue of $4.38 billion for the quarter, compared to the consensus estimate of $4.42 billion. During the same quarter in the prior year, the company posted $0.63 earnings per share. The company’s quarterly revenue was up 10.5% on a year-over-year basis. Analysts expect that Dollar General Corp. will post $3.22 EPS for the current fiscal year.
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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