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Dollar General Corp. (NYSE:DG) was upgraded by research analysts at Sterne Agee from a “neutral” rating to a “buy” rating in a report released on Monday, TheFlyOnTheWall.com reports. The firm currently has a $76.00 price target on the stock, up from their previous price target of $58.00. Sterne Agee’s target price would indicate a potential upside of 32.27% from the company’s current price.

Shares of Dollar General Corp. (NYSE:DG) traded up 10.46% on Monday, hitting $63.47. The stock had a trading volume of 29,475,704 shares. Dollar General Corp. has a 52-week low of $53.00 and a 52-week high of $65.99. The stock’s 50-day moving average is $56.70 and its 200-day moving average is $57.16. The company has a market cap of $19.251 billion and a price-to-earnings ratio of 17.82.

Dollar General Corp. (NYSE:DG) last posted its quarterly earnings results 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 $3.53 EPS for the current fiscal year.

Several other analysts have also recently commented on the stock. 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. Separately, 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. Finally, 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. Five investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. Dollar General Corp. has an average rating of “Buy” and an average target price of $64.14.

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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