Dollar General Corp.’s Neutral Rating Reaffirmed at Zacks (DG)
Dollar General Corp. (NYSE:DG)‘s stock had its “neutral” rating reaffirmed by Zacks in a note issued to investors on Monday. They currently have a $67.00 price target on the stock. Zacks‘s target price points to a potential upside of 4.70% from the stock’s previous close.
Shares of Dollar General Corp. (NYSE:DG) traded down 0.33% during mid-day trading on Monday, hitting $63.99. The stock had a trading volume of 3,665,137 shares. 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 $58.45 and its 200-day moving average is $57.68. The company has a market cap of $19.414 billion and a price-to-earnings ratio of 19.47.
Dollar General Corp. (NYSE:DG) last issued its quarterly 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 $3.52 earnings per share for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. 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. Six research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $70.73.
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.
To view Zacks’ full report, visit Zacks’ official website.
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