Deutsche Bank Increases Dollar General Corp. Price Target to $73.00 (DG)
Investment analysts at Deutsche Bank boosted their price target on shares of Dollar General Corp. (NYSE:DG) from $69.00 to $73.00 in a note issued to investors on Tuesday. Deutsche Bank’s price objective suggests a potential upside of 13.81% from the stock’s previous close.
Shares of Dollar General Corp. (NYSE:DG) opened at 64.14 on Tuesday. 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 $56.9 and its 200-day moving average is $57.22. The company has a market cap of $19.454 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 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 $3.53 EPS for the current fiscal year.
A number of other firms have also recently commented on DG. Analysts at Telsey Advisory Group raised their price target on shares of Dollar General Corp. from $62.00 to $69.00 in a research note on Monday. They now have a “not rated” rating on the stock. Separately, 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. Finally, analysts at Credit Suisse upgraded shares of Dollar General Corp. from a “neutral” rating to an “outperform” rating in a research note on Monday. Five equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Dollar General Corp. has a consensus rating of “Buy” and a consensus price target of $68.50.
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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