Dollar General Corp. Raised to “Buy” at Deutsche Bank (DG)
Dollar General Corp. (NYSE:DG) was upgraded by analysts at Deutsche Bank from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Monday, TheFlyOnTheWall.com reports. The firm currently has a $73.00 price objective on the stock, up from their previous price objective of $69.00. Deutsche Bank’s price target indicates a potential upside of 13.81% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Sterne Agee upgraded shares of Dollar General Corp. from a “neutral” rating to a “buy” rating in a research note on Monday. They now have a $76.00 price target on the stock, up previously from $58.00. Separately, analysts at Argus initiated coverage on shares of Dollar General Corp. in a research note on Monday, July 28th. They set a “hold” rating on the stock. Finally, 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. Five equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $69.40.
Dollar General Corp. (NYSE:DG) traded down 0.76% during mid-day trading on Monday, hitting $63.65. 8,085,237 shares of the company’s stock traded hands. Dollar General Corp. has a 1-year low of $53.00 and a 1-year high of $65.99. The stock has a 50-day moving average of $56.9 and a 200-day moving average of $57.22. The company has a market cap of $19.305 billion and a P/E ratio of 19.89.
Dollar General Corp. (NYSE:DG) last issued its quarterly earnings data on Tuesday, June 3rd. The company reported $0.72 earnings per share for the quarter, missing the analysts’ 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 last year, the company posted $0.71 earnings per share. Dollar General Corp.’s revenue was up 6.8% compared to the same quarter last year. Analysts expect that Dollar General Corp. will post $3.57 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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