The Descartes Systems Group Inc. (NASDAQ:DSGX) Receives $98.44 Average Target Price from Analysts

Shares of The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) have been assigned a consensus recommendation of “Moderate Buy” from the ten ratings firms that are currently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $98.44.

A number of research firms have recently commented on DSGX. BMO Capital Markets upped their price target on shares of The Descartes Systems Group from $88.00 to $94.00 and gave the stock a “market perform” rating in a report on Thursday, March 7th. TD Securities increased their price target on shares of The Descartes Systems Group from $95.00 to $110.00 and gave the company a “buy” rating in a research report on Thursday, March 7th. William Blair reissued an “outperform” rating on shares of The Descartes Systems Group in a research report on Monday, April 1st. Barclays increased their price objective on shares of The Descartes Systems Group from $71.00 to $75.00 and gave the company an “underweight” rating in a research report on Tuesday, February 20th. Finally, StockNews.com raised shares of The Descartes Systems Group from a “hold” rating to a “buy” rating in a research report on Wednesday, April 10th.

The Descartes Systems Group Stock Up 1.5 %

The Descartes Systems Group stock opened at $91.64 on Friday. The Descartes Systems Group has a 52-week low of $69.59 and a 52-week high of $94.54. The company has a market cap of $7.81 billion, a price-to-earnings ratio of 68.39 and a beta of 0.94. The firm’s fifty day moving average is $89.72 and its 200 day moving average is $83.95.

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last announced its earnings results on Wednesday, March 6th. The technology company reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.07. The business had revenue of $148.20 million for the quarter, compared to the consensus estimate of $146.62 million. The Descartes Systems Group had a net margin of 20.23% and a return on equity of 9.80%. The business’s revenue for the quarter was up 18.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.34 earnings per share. On average, equities research analysts anticipate that The Descartes Systems Group will post 1.69 earnings per share for the current fiscal year.

Institutional Investors Weigh In On The Descartes Systems Group

A number of institutional investors have recently added to or reduced their stakes in DSGX. Brown Brothers Harriman & Co. acquired a new stake in The Descartes Systems Group during the 4th quarter worth $27,000. Accent Capital Management LLC purchased a new position in shares of The Descartes Systems Group during the 4th quarter worth $32,000. Operose Advisors LLC purchased a new position in shares of The Descartes Systems Group during the 3rd quarter worth $35,000. Signaturefd LLC raised its holdings in The Descartes Systems Group by 26.7% in the 3rd quarter. Signaturefd LLC now owns 697 shares of the technology company’s stock valued at $51,000 after buying an additional 147 shares during the period. Finally, Park Place Capital Corp raised its holdings in The Descartes Systems Group by 48.5% in the 1st quarter. Park Place Capital Corp now owns 671 shares of the technology company’s stock valued at $61,000 after buying an additional 219 shares during the period. Institutional investors and hedge funds own 77.73% of the company’s stock.

About The Descartes Systems Group

The Descartes Systems Group Inc provides cloud-based logistics and supply chain management solutions worldwide. Its 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; ecommerce, shipping, and fulfillment; customs and regulatory compliance; global trade intelligence; broker and forwarder enterprise systems; and B2B messaging and connectivity services.