Brokerages Set The Descartes Systems Group Inc. (NASDAQ:DSGX) Target Price at $89.44

The Descartes Systems Group Inc. (NASDAQ:DSGXGet Free Report) (TSE:DSG) has received an average recommendation of “Hold” from the nine research firms that are covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and five have given a buy recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $89.44.

Several research firms recently commented on DSGX. Wolfe Research raised shares of The Descartes Systems Group from a “peer perform” rating to an “outperform” rating and set a $95.00 price objective on the stock in a research report on Wednesday, January 10th. Scotiabank lifted their price target on shares of The Descartes Systems Group from $86.00 to $95.00 and gave the company an “outperform” rating in a research note on Wednesday, January 31st. Stephens lifted their price target on shares of The Descartes Systems Group from $94.00 to $105.00 and gave the company an “overweight” rating in a research note on Wednesday, December 6th. Barclays lifted their price target on shares of The Descartes Systems Group from $65.00 to $71.00 and gave the company an “underperform” rating in a research note on Friday, December 1st. Finally, StockNews.com lowered shares of The Descartes Systems Group from a “buy” rating to a “hold” rating in a research note on Friday, January 19th.

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The Descartes Systems Group Trading Down 0.1 %

DSGX opened at $87.86 on Monday. The stock has a market capitalization of $7.48 billion, a P/E ratio of 67.07 and a beta of 0.96. The Descartes Systems Group has a 12 month low of $69.59 and a 12 month high of $92.86. The firm’s fifty day simple moving average is $84.55 and its 200 day simple moving average is $78.25.

The Descartes Systems Group (NASDAQ:DSGXGet Free Report) (TSE:DSG) last posted its quarterly earnings data on Tuesday, December 5th. The technology company reported $0.31 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.03). The company had revenue of $144.70 million during the quarter, compared to the consensus estimate of $144.17 million. The Descartes Systems Group had a net margin of 20.71% and a return on equity of 9.92%. The company’s revenue was up 19.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.31 earnings per share. On average, equities research analysts predict that The Descartes Systems Group will post 1.3 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Mackenzie Financial Corp grew its stake in The Descartes Systems Group by 12.0% in the 2nd quarter. Mackenzie Financial Corp now owns 1,532,156 shares of the technology company’s stock valued at $122,721,000 after buying an additional 163,655 shares during the last quarter. Signaturefd LLC grew its stake in The Descartes Systems Group by 47.1% in the 2nd quarter. Signaturefd LLC now owns 550 shares of the technology company’s stock valued at $44,000 after buying an additional 176 shares during the last quarter. Prospera Financial Services Inc boosted its holdings in The Descartes Systems Group by 217.7% in the 2nd quarter. Prospera Financial Services Inc now owns 9,556 shares of the technology company’s stock valued at $765,000 after purchasing an additional 6,548 shares during the period. Cibc World Market Inc. boosted its holdings in The Descartes Systems Group by 1.5% in the 2nd quarter. Cibc World Market Inc. now owns 81,330 shares of the technology company’s stock valued at $6,521,000 after purchasing an additional 1,203 shares during the period. Finally, Vontobel Holding Ltd. boosted its holdings in The Descartes Systems Group by 839.3% in the 3rd quarter. Vontobel Holding Ltd. now owns 124,710 shares of the technology company’s stock valued at $9,153,000 after purchasing an additional 111,433 shares during the period. Institutional investors and hedge funds own 76.73% of the company’s stock.

About The Descartes Systems Group

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The Descartes Systems Group Inc provides cloud-based logistics and supply chain solutions worldwide. The company's Logistics Technology platform offers a range of modular, interoperable web and wireless logistics management solutions. The company provides a suite of solutions that include routing, mobile, and telematics; transportation management; e-commerce shipping and fulfillment; customs and regulatory compliance; trade intelligence; broker and forwarder enterprise systems; and B2B messaging and connectivity services.

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Analyst Recommendations for The Descartes Systems Group (NASDAQ:DSGX)

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