Dollar General Corp. Trading 9.7% Higher After Analyst Upgrade (DG)
Dollar General Corp. (NYSE:DG) shares rose 9.7% during mid-day trading on Monday after Telsey Advisory Group raised their price target on the stock from $62.00 to $69.00, Analyst Ratings News reports. Telsey Advisory Group currently has a not rated rating on the stock. Dollar General Corp. traded as high as $64.08 and last traded at $63.06, with a volume of 27,946,066 shares traded. The stock had previously closed at $57.46.
A number of other firms have also recently commented on DG. Analysts at Johnson Rice upgraded shares of Dollar General Corp. from an “equal weight” rating to an “overweight” rating in a research note on Monday. Separately, analysts at Credit Suisse upgraded shares of Dollar General Corp. from a “neutral” rating to an “outperform” rating in a research note on Monday. Finally, 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. Five research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $68.21.
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 $19.454 billion and a price-to-earnings ratio of 17.82.
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 $3.53 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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