FMP
Sep 27, 2024 1:34 PM - Davit Kirakosyan
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Dollar General (NYSE:DG) shares fell nearly 2% pre-market today after Citi analysts downgraded the company to Sell from Neutral, lowering the price target to $73 from $91.
The analysts cited Dollar General’s struggles over the past fiscal years, with comparable sales growth remaining modest and EBIT margins for fiscal 2024 estimated at 4.7%, significantly down from 8.4% in 2019, despite the company’s sales base being nearly 50% larger than in 2019. The analysts noted that changes in industry dynamics over the last five years have negatively impacted Dollar General's competitive positioning.
The analysts highlighted Walmart as a major factor, pointing to Walmart's ability to outperform on both value and convenience, areas where Dollar General had traditionally excelled. They emphasized that Walmart’s growing market share, particularly through its omni-channel delivery options, is a significant challenge for Dollar General, making recovery difficult.
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A stock's target price, also known as its fair value, is an indication of what a share can cost based on the company’s forecasted financial statements. It is important to know a stock's fair value to find undervalued stocks with great growth potential. Let's consider how investment analysts calculat...
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On Thursday, May 16, 2024, Deutsche Bank upgraded its rating on NASDAQ:ASTS to Buy, maintaining a hold position. At the time of the announcement, ASTS was trading at $4.03. This decision was accompanied by an increase in the price target for AST SpaceMobile, raised to $22 from $19, as detailed in a ...
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Earnings call transcripts are invaluable resources for investors, analysts, and financial enthusiasts. They provide insights into a company's performance, strategy, and future outlook, making them essential for making informed investment decisions. With Financial Modeling Prep, Earnings Call Transcr...