Dollar General Corp. Receives Consensus Recommendation of “Buy” from Analysts (NYSE:DG)
Dollar General Corp. (NYSE:DG) has received an average recommendation of “Buy” from the twenty-two ratings firms that are covering the company, Analyst Ratings Network reports. Eight investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating on the company. The average 12-month price target among analysts that have covered the stock in the last year is $65.25.
Dollar General Corp. (NYSE:DG) opened at 55.45 on Wednesday. Dollar General Corp. has a 52-week low of $52.40 and a 52-week high of $65.99. The stock has a 50-day moving average of $58.57 and a 200-day moving average of $57.61. The company has a market cap of $16.818 billion and a P/E ratio of 16.87.
Dollar General Corp. (NYSE:DG) last announced its earnings results on Tuesday, June 3rd. The company reported $0.72 EPS for the quarter, missing the Thomson Reuters 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 prior year, the company posted $0.71 earnings per share. The company’s quarterly revenue 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.
A number of research firms have recently commented on DG. Analysts at Johnson Rice downgraded shares of Dollar General Corp. from an “overweight” rating to an “equal weight” rating in a research note on Monday, June 30th. Separately, analysts at Morgan Stanley initiated coverage on shares of Dollar General Corp. in a research note on Wednesday, June 25th. They set an “equal weight” rating and a $68.00 price target on the stock. Finally, analysts at Goldman Sachs downgraded shares of Dollar General Corp. from a “conviction-buy” rating to a “buy” rating in a research note on Tuesday, June 24th.
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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