Analysis: Dollar General Corp (NYSE:DG) Price Target Change Today
In a recent report revealed to investors and clients by Raymond James on Friday, 4 December, the firm, Dollar General Corp (NYSE:DG), had their price target downgraded to $85.00. Analusts now have a solid “Strong Buy” rating on the stock.
From a total of 22 analysts covering Dollar General Corp. (NYSE:DG) stock, 19 rate it a ”Buy”, 0 a “Sell”, and 9 a ”Hold”. This means that 68% of the ratings are positive. The highest target price is $89 while the lowest target price is $73. The mean of all analyst targets is $81.77 with a 19.20% above today’s ($69.11) stock price. Dollar General Corp. was the topic of 13 analyst reports since August 13, 2015 according to the firm StockzIntelligence Inc. M Partners maintained shares on December 4 with “Buy” rating. Deutsche Bank maintained shares with “Buy” rating and $80 target share price in a report from an October 7. BB&T Capital upgraded DG stock in a recent report from November 20 to “” rating. Finally, Piper Jaffray maintained the stock with “Overweight” rating in a report issued on a November 3.
The stock increased 1.45% or $0.99 on December 4, striking $69.11. Approximately shares of stock traded hands. Dollar General Corp. (NYSE:DG) has declined 6.47% since May 4, 2015 and is downtrending. It has underperformed by 5.39% the S&P500.
Dollar General Corporation is the discount retailer in the United States. The company has a market cap of $20.11 billion. The Firm offers a selection of merchandise, including consumables, seasonal, home products and apparel. It has 18.08 P/E ratio. Consumables category includes paper and cleaning products; packaged food; perishables; snacks; health and beauty; pet and tobacco products.
According to Zacks Investment Research, “Dollar General Corporation is a discount retailer in the United States. The Company separates its merchandise into four categories, which includes highly consumable, seasonal, home products and basic clothing. Highly consumable consists of packaged food, candy, snacks and refrigerated products, health and beauty aids, home cleaning supplies and pet supplies; seasonal consists of seasonal and holiday-related items, toys, stationery and hardware; home products consists of house wares and domestics, and basic clothing consists of casual everyday apparel. Dollar General is among the largest retailers of top-quality products made by America’s most trusted manufacturers such as Procter & Gamble, Kimberly-Clark, Unilever, Kellogg’s, General Mills, Nabisco, Fruit of the Loom, PepsiCo and Coca-Cola. The Company store support center is located in Goodlettsville, Tennessee.” Get a free copy of the Zacks research report on Dollar General Corp. (DG).