Dollar General Corp. Given Average Recommendation of “Buy” by Brokerages (NYSE:DG)
Shares of Dollar General Corp. (NYSE:DG) have earned an average rating of “Buy” from the twenty-one ratings firms that are covering the company, StockRatingsNetwork reports. Five investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $71.00.
A number of analysts have recently weighed in on DG shares. Analysts at BMO Capital Markets raised their price target on shares of Dollar General Corp. from $65.00 to $78.00 in a research note on Friday. Separately, 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. Finally, 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.
Dollar General Corp. (NYSE:DG) opened at 63.99 on Tuesday. Dollar General Corp. has a 1-year low of $53.00 and a 1-year high of $65.99. The stock’s 50-day moving average is $58.45 and its 200-day moving average is $57.68. 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 on Wednesday. Stock investors purchased 19,825 call options on the company. This represents an increase of approximately 139% compared to the average daily volume of 8,312 call options.
Dollar General Corp. (NYSE:DG) last issued its quarterly earnings data on Thursday, August 28th. The company reported $0.83 earnings per share (EPS) for the quarter, meeting the 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 previous year, the company posted $0.77 earnings per share. The company’s revenue for the quarter was up 7.5% on a year-over-year basis. Analysts expect that Dollar General Corp. will post $3.50 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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