Weekly Investment Analysts’ Ratings Changes for Dollar General (DG)

A number of stock research firms have changed their ratings and price targets for Dollar General (NYSE: DG) during the last seven days:

• Dollar General had its “buy” rating re-affirmed by analysts at Deutsche Bank.
• Dollar General had its “outperform” rating re-affirmed by analysts at Wedbush. They now have a $60.00 price target on the stock, up previously from $56.00. They wrote, “We attended the company’s Investor Day event in Nashville hosted by Rick Dreiling (CEO), David Tehle (CFO), and other members of the management team. The company’s presentation, entitled “Opening New Doors”, reflects the abundance of store growth opportunities, yet the discussion was more focused on strategic opportunities beyond square footage growth.”
• Dollar General had its price target raised by analysts at BMO Capital Markets from $58.00 to $61.00. They now have an “outperform” rating on the stock. They wrote, “Our comments follow Dollar General’s 2012 Analyst meeting where management outlined a credible business plan that we believe can support 10% revenue growth and 22% EPS growth over the next five years…YTD, the stock is up 34% compared with a 5% increase with the S&P 500 and trades at 16.2x our 2013 EPS estimate. Our 12-month price target of $61 assumes the stock trades at 18x, or at its historical average.”
• Dollar General had its price target raised by analysts at Avondale Partners from $52.00 to $60.00. They now have an “outperform” rating on the stock.

Dollar General traded up 0.92% on Thursday, hitting $54.255. Dollar General has a 1-year low of $29.84 and a 1-year high of $55.30. The company has a market cap of $18.030 billion and a price-to-earnings ratio of 22.40.

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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Posted by Web Inquirer Staff on 5 Jul 2012. Filed under Markets. You can follow any responses to this entry through the RSS 2.0. You can skip to the end and leave a response. Pinging is currently not allowed.