Family Dollar Stores Price Target Lowered to $56.00 at JPMorgan Chase & Co. (FDO)
Analysts at JPMorgan Chase & Co. dropped their price target on shares of Family Dollar Stores (NYSE:FDO) from $60.00 to $56.00 in a research report issued to clients and investors on Tuesday, Stock Ratings Network.com reports. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.’s price target would indicate a potential downside of 1.43% from the stock’s previous close.
Family Dollar Stores (NYSE:FDO) traded down 1.54% on Tuesday, hitting $56.81. The stock had a trading volume of 1,009,627 shares. Family Dollar Stores has a one year low of $55.69 and a one year high of $75.29. The stock’s 50-day moving average is $58.09 and its 200-day moving average is $63.86. The company has a market cap of $6.466 billion and a price-to-earnings ratio of 16.96.
Family Dollar Stores (NYSE:FDO) last posted its quarterly earnings results on Thursday, April 10th. The company reported $0.80 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.90 by $0.10. The company had revenue of $2.70 billion for the quarter, compared to the consensus estimate of $2.77 billion. During the same quarter in the prior year, the company posted $1.21 earnings per share. The company’s quarterly revenue was down 6.1% on a year-over-year basis. On average, analysts predict that Family Dollar Stores will post $3.15 earnings per share for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks reiterated an “underperform” rating on shares of Family Dollar Stores in a research note on Thursday, April 17th. They now have a $52.00 price target on the stock. Separately, analysts at Sterne Agee upgraded shares of Family Dollar Stores from an “underperform” rating to a “neutral” rating in a research note on Wednesday, April 16th. They now have a $55.00 price target on the stock, up previously from $50.00. They noted that the move was a valuation call. Finally, analysts at Guggenheim cut their price target on shares of Family Dollar Stores to $70.00 in a research note on Friday, April 11th. Six investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $59.00.
Family Dollar Stores, Inc (NYSE:FDO) operates a chain of more than 7,900 general merchandise retail discount stores in 46 states, providing consumers with a selection of merchandise in neighborhood stores.
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