Dollar Tree (NASDAQ: DLTR) had its price target lifted by Canaccord Genuity from $45.00 to $46.00 in a research report sent to investors on Wednesday morning. The firm currently has a hold rating on the stock.
Several other analysts have also recently commented on the stock. Analysts at Goldman Sachs reiterated a conviction-buy rating on shares of Dollar Tree in a research note to investors on Tuesday. They now have a $51.00 price target on the stock. Separately, analysts at Wedbush cut their price target on shares of Dollar Tree to $50.00 in a research note to investors on Monday. Finally, analysts at JPMorgan Chase cut their price target on shares of Dollar Tree from $50.00 to $45.00 in a research note to investors on Tuesday, February 19th. They now have an overweight rating on the stock.
Eleven investment analysts have rated the stock with a buy rating, and nine have given a hold rating to the company’s stock. The company currently has a consensus rating of overweight and an average target price of $46.89.
Shares of Dollar Tree traded up 0.72% during mid-day trading on Wednesday, hitting $45.51. Dollar Tree has a 52 week low of $37.12 and a 52 week high of $56.815. The stock’s 50-day moving average is currently $40.29. The company has a market cap of $10.276 billion and a P/E ratio of 16.86.
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