Dollar General Corp. Given Consensus Recommendation of “Buy” by Analysts (NYSE:DG)
Dollar General Corp. (NYSE:DG) has received a consensus rating of “Buy” from the twenty-one analysts that are presently covering the stock, American Banking News reports. Five analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is $69.79.
Dollar General Corp. (NYSE:DG) opened at 63.90 on Tuesday. Dollar General Corp. has a one year low of $53.00 and a one year high of $65.99. The stock has a 50-day moving average of $57.74 and a 200-day moving average of $57.49. The company has a market cap of $19.381 billion and a price-to-earnings ratio of 19.81.
Dollar General Corp. (NYSE:DG) last announced its 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 $3.51 EPS for the current fiscal year.
A number of research firms have recently commented on DG. Analysts at Wolfe Research upgraded shares of Dollar General Corp. from a “market perform” rating to an “outperform” rating in a research note on Tuesday, August 19th. Separately, analysts at MKM Partners raised their price target on shares of Dollar General Corp. from $67.00 to $75.00 in a research note on Tuesday, August 19th. They now have a “buy” rating on the stock. Finally, analysts at Deutsche Bank raised their price target on shares of Dollar General Corp. from $69.00 to $73.00 in a research note on Tuesday, August 19th.
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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