Dollar General Corp. Given New $78.00 Price Target at BMO Capital Markets (DG)
BMO Capital Markets raised their price target on shares of Dollar General Corp. (NYSE:DG) from $65.00 to $78.00 in a research note issued on Friday. BMO Capital Markets’ price objective points to a potential upside of 21.89% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Telsey Advisory Group raised their price target on shares of Dollar General Corp. from $69.00 to $73.00 in a research note on Friday. They now have a “not rated” rating on the stock. Separately, 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. Finally, 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. Five equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $71.00.
Dollar General Corp. (NYSE:DG) traded down 0.33% during mid-day trading on Friday, hitting $63.99. 3,663,525 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’s 50-day moving average is $58.26 and its 200-day moving average is $57.63. The company has a market cap of $19.408 billion and a P/E ratio of 19.91. Dollar General Corp. also was the target of unusually large options trading activity on Wednesday. Stock investors purchased 19,825 call options on the stock. This represents an increase of approximately 139% compared to the typical daily volume of 8,312 call options.
Dollar General Corp. (NYSE:DG) last released its earnings data on Thursday, August 28th. The company reported $0.83 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.83. The company had revenue of $4.72 billion for the quarter, compared to the consensus estimate of $4.77 billion. During the same quarter in the prior year, the company posted $0.77 earnings per share. The company’s quarterly revenue was up 7.5% on a year-over-year basis. On average, analysts predict that Dollar General Corp. will post $3.50 earnings per share 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.