Brokerages Set The Descartes Systems Group Inc. (NASDAQ:DSGX) Price Target at $122.18

Shares of The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) have earned a consensus recommendation of “Moderate Buy” from the twelve analysts that are currently covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $122.18.

Several equities research analysts recently commented on the company. Stephens decreased their target price on The Descartes Systems Group from $137.00 to $125.00 and set an “overweight” rating for the company in a research note on Wednesday, April 9th. BMO Capital Markets reduced their price objective on shares of The Descartes Systems Group from $120.00 to $113.00 and set a “market perform” rating for the company in a research report on Thursday, March 6th. CIBC lowered their price objective on shares of The Descartes Systems Group from $128.00 to $127.00 and set an “outperform” rating for the company in a research note on Thursday, March 6th. Wall Street Zen lowered shares of The Descartes Systems Group from a “buy” rating to a “hold” rating in a research note on Thursday, February 6th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $130.00 price target on shares of The Descartes Systems Group in a report on Friday, March 28th.

The Descartes Systems Group Stock Performance

NASDAQ:DSGX opened at $116.93 on Friday. The Descartes Systems Group has a 52 week low of $89.00 and a 52 week high of $124.31. The firm’s fifty day moving average is $105.47 and its 200-day moving average is $110.78. The firm has a market cap of $10.01 billion, a P/E ratio of 73.54 and a beta of 0.88.

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last issued its quarterly earnings results on Wednesday, March 5th. The technology company reported $0.43 EPS for the quarter, meeting analysts’ consensus estimates of $0.43. The Descartes Systems Group had a net margin of 21.80% and a return on equity of 10.65%. The business had revenue of $167.50 million for the quarter, compared to analysts’ expectations of $169.97 million. As a group, sell-side analysts anticipate that The Descartes Systems Group will post 1.64 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of The Descartes Systems Group by 1.2% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 54,618 shares of the technology company’s stock valued at $5,507,000 after buying an additional 660 shares during the last quarter. United Services Automobile Association bought a new position in The Descartes Systems Group in the 1st quarter valued at about $319,000. Goldman Sachs Group Inc. boosted its stake in The Descartes Systems Group by 35.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 377,140 shares of the technology company’s stock valued at $38,027,000 after purchasing an additional 98,054 shares during the last quarter. Scientech Research LLC increased its holdings in The Descartes Systems Group by 39.0% during the 1st quarter. Scientech Research LLC now owns 8,129 shares of the technology company’s stock worth $820,000 after purchasing an additional 2,280 shares in the last quarter. Finally, Granahan Investment Management LLC raised its stake in shares of The Descartes Systems Group by 715.5% in the first quarter. Granahan Investment Management LLC now owns 378,982 shares of the technology company’s stock worth $38,213,000 after purchasing an additional 332,508 shares during the last quarter. Institutional investors and hedge funds own 77.73% of the company’s stock.

The Descartes Systems Group Company Profile

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.