Research analysts at Telsey Advisory Group increased their price objective on shares of Dollar General Corp. (NYSE:DG) from $63.00 to $66.00 in a report released on Friday, Analyst Ratings News reports. The firm currently has a “not rated” rating on the stock. Telsey Advisory Group’s target price would indicate a potential upside of 10.35% from the company’s current price.
Dollar General Corp. (NYSE:DG) opened at 59.81 on Friday. Dollar General Corp. has a 52-week low of $39.73 and a 52-week high of $60.25. The stock’s 50-day moving average is $58. and its 200-day moving average is $55.38. The company has a market cap of $19.355 billion and a price-to-earnings ratio of 19.91.
Dollar General Corp. (NYSE:DG) last announced its earnings results on Thursday, December 5th. The company reported $0.72 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.70 by $0.02. The company had revenue of $4.38 billion for the quarter, compared to the consensus estimate of $4.42 billion. During the same quarter last year, the company posted $0.63 earnings per share. Dollar General Corp.’s revenue was up 10.5% compared to the same quarter last year. Analysts expect that Dollar General Corp. will post $3.22 EPS for the current fiscal year.
A number of other firms have also recently commented on DG. Analysts at Goldman Sachs Group Inc. upgraded shares of Dollar General Corp. from a “neutral” rating to a “conviction-buy” rating in a research note to investors on Friday. They now have a $71.00 price target on the stock, up previously from $64.00. Separately, analysts at MKM Partners raised their price target on shares of Dollar General Corp. from $64.00 to $67.00 in a research note to investors on Thursday. They now have a “buy” rating on the stock. Finally, analysts at RBC Capital reiterated a “sector perform” rating on shares of Dollar General Corp. in a research note to investors on Tuesday. They now have a $66.00 price target on the stock, up previously from $63.00. Four research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Dollar General Corp. presently has an average rating of “Buy” and an average price target of $62.00.
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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