Goldman Sachs Downgrades Dollar General Corp. to Buy (DG)
Dollar General Corp. (NYSE:DG) was downgraded by research analysts at Goldman Sachs from a “conviction-buy” rating to a “buy” rating in a report released on Tuesday, TheFlyOnTheWall.com reports.
Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Dollar General Corp. in a research note on Tuesday, June 10th. They now have a $65.00 price target on the stock. Separately, analysts at Citigroup Inc. upgraded shares of Dollar General Corp. from a “hold” rating to a “buy” rating in a research note on Monday, June 9th. They now have a $75.00 price target on the stock, down previously from $79.00. Finally, analysts at Jefferies Group upgraded shares of Dollar General Corp. from a “hold” rating to a “buy” rating in a research note on Monday, June 9th. They now have a $75.00 price target on the stock, up previously from $56.00. Six research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $65.07.
Shares of Dollar General Corp. (NYSE:DG) traded down 0.11% during mid-day trading on Tuesday, hitting $61.59. 995,937 shares of the company’s stock traded hands. Dollar General Corp. has a 52 week low of $50.03 and a 52 week high of $65.99. The stock has a 50-day moving average of $57.64 and a 200-day moving average of $57.94. The company has a market cap of $18.680 billion and a P/E ratio of 19.12.
Dollar General Corp. (NYSE:DG) last released its earnings data on Tuesday, June 3rd. The company reported $0.72 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.73 by $0.01. The company had revenue of $4.52 billion for the quarter, compared to the consensus estimate of $4.56 billion. During the same quarter in the previous year, the company posted $0.71 earnings per share. The company’s revenue for the quarter was up 6.8% on a year-over-year basis. Analysts expect that Dollar General Corp. will post $3.51 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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