Dollar General Corp. Raised to Outperform at Credit Suisse (DG)
Dollar General Corp. (NYSE:DG) was upgraded by analysts at Credit Suisse from a “neutral” rating to an “outperform” rating in a research report issued to clients and investors on Monday, TheFlyOnTheWall.com reports.
Dollar General Corp. (NYSE:DG) traded up 9.73% on Monday, hitting $63.05. 24,022,100 shares of the company’s stock traded hands. Dollar General Corp. has a 52-week low of $53.00 and a 52-week high of $65.99. The stock has a 50-day moving average of $56.70 and a 200-day moving average of $57.16. The company has a market cap of $19.123 billion and a P/E ratio of 17.82.
Dollar General Corp. (NYSE:DG) last issued its quarterly 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 $3.53 EPS for the current fiscal year.
A number of other firms have also recently commented on DG. Analysts at Deutsche Bank upgraded shares of Dollar General Corp. from a “hold” rating to a “buy” rating in a research note on Monday. They now have a $69.00 price target on the stock, up previously from $60.00. Separately, 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 $26.00 price target on the stock, down previously from $58.00. Finally, 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. Six equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Dollar General Corp. currently has an average rating of “Buy” and a consensus price target 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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