Stock Rating Upgrade
Reflecting improving fundamentals and high Appreciation Potential, the Value Trend Rating for Dollar General Corporation (NYSE: DG) improved of late. DG’s current Value Trend Rating is C and the prior Rating was D. Details supporting this higher rating are included in our next report.
Recent Price Action
On 4/26/24, Dollar General Corporation (NYSE: DG) stock declined slightly by -0.4%, closing at $142.07. However, this decline was accompanied by unusually low trading volume at 59% of normal. Relative to the market the stock has been strong over the last nine months but has declined -2.5% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, DG is expected to continue to be a major Value Builder.
Dollar General has a current Value Trend Rating of C (Low Neutral). This VT Rating improved in recent days from D previously. The Value Trend Rating reflects contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Dollar General has a slightly negative Appreciation Score of 33 but a slightly positive Power Rating of 62, leading to the Low Neutral Value Trend Rating.
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