Raymond James Upgrades Dollar General to Strong-Buy (DG)
Dollar General (NYSE: DG) was upgraded by equities research analysts at Raymond James (NYSE: RJF) from an “outperform” rating to a “strong-buy” rating in a research note issued to investors on Monday.
DG has been the subject of a number of other recent research reports. Analysts at Deutsche Bank (NYSE: DB) raised their price target on shares of Dollar General to $52.00 in a research note to investors on Monday, April 9th. They now have a “buy” rating on the stock. Separately, analysts at Bank of America (NYSE: BAC) raised their price target on shares of Dollar General to $56.00 in a research note to investors on Monday, April 2nd. They now have a “buy” rating on the stock. Finally, analysts at Guggenheim raised their EPS on shares of Dollar General in a research note to investors on Tuesday, March 27th. They now have a “buy” rating and a $54.00 price target on the stock.
Dollar General opened at 47.46 on Monday. Dollar General has a 1-year low of $29.84 and a 1-year high of $48.74. The company has a market cap of $16.046 billion and a price-to-earnings ratio of 21.38.
The company last announced its quarterly results on Thursday, March 22nd. It reported $0.87 earnings per share (EPS) for the previous quarter, beating the Thomson Reuters consensus estimate of $0.82 EPS by $0.05. The company’s quarterly revenue was up 20.1% on a year-over-year basis. Analysts expect that Dollar General will post $0.63 EPS next quarter.
Dollar General Corporation is a discount retailer. As of February 25, 2011, the Company operated 9,414 stores located in 35 states, primarily in the southern, southwestern, Midwestern and eastern United States.