Dollar General Corp. (NYSE:DG) was upgraded by Goldman Sachs Group Inc. from a “neutral” rating to a “buy” rating in a research note issued on Friday, TheFlyOnTheWall.com reports. The firm currently has a $71.00 price objective on the stock, up from their previous price objective of $64.00. Goldman Sachs Group Inc.’s price objective would suggest a potential upside of 18.71% from the stock’s previous close.
Shares of Dollar General Corp. (NYSE:DG) traded down 0.04% on Friday, hitting $59.785. 3,292,664 shares of the company’s stock traded hands. Dollar General Corp. has a 1-year low of $39.73 and a 1-year 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 $19.347 billion and a price-to-earnings ratio of 19.91. Dollar General Corp. also was the target of some unusual options trading on Thursday. Stock traders purchased 13,473 call options on the company. This represents an increase of approximately 242% compared to the average daily volume of 3,943 call options.
Dollar General Corp. (NYSE:DG) last issued its quarterly earnings data 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. On average, analysts predict that Dollar General Corp. will post $3.22 earnings per share for the current fiscal year.
DG has been the subject of a number of other recent research reports. 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. Separately, 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. Finally, analysts at Susquehanna initiated coverage on shares of Dollar General Corp. in a research note to investors on Tuesday, October 29th. They set a “positive” rating and a $72.00 price target on the stock. Four investment analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price 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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