The Descartes Systems Group Inc. (NASDAQ:DSGX) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) have been assigned an average rating of “Moderate Buy” from the fourteen research firms that are currently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, three have issued a hold rating, nine have given a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $104.83.

Several research analysts have issued reports on the company. National Bankshares set a $125.00 target price on The Descartes Systems Group and gave the company an “outperform” rating in a research report on Thursday, September 26th. Barclays upped their price objective on The Descartes Systems Group from $87.00 to $88.00 and gave the company an “underweight” rating in a research report on Thursday, September 5th. National Bank Financial upgraded The Descartes Systems Group to a “strong-buy” rating in a research report on Wednesday, September 25th. Canaccord Genuity Group set a $108.00 price target on shares of The Descartes Systems Group and gave the stock a “buy” rating in a report on Thursday, September 5th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $115.00 price target on shares of The Descartes Systems Group in a research note on Thursday, September 5th.

Hedge Funds Weigh In On The Descartes Systems Group

A number of large investors have recently bought and sold shares of the business. Central Pacific Bank Trust Division bought a new stake in The Descartes Systems Group during the 1st quarter valued at $28,000. Accent Capital Management LLC bought a new stake in The Descartes Systems Group during the fourth quarter valued at about $32,000. Whittier Trust Co. of Nevada Inc. boosted its position in The Descartes Systems Group by 703.3% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 490 shares of the technology company’s stock valued at $45,000 after purchasing an additional 429 shares in the last quarter. Park Place Capital Corp grew its stake in The Descartes Systems Group by 48.5% in the first quarter. Park Place Capital Corp now owns 671 shares of the technology company’s stock valued at $61,000 after purchasing an additional 219 shares during the last quarter. Finally, Intact Investment Management Inc. purchased a new stake in shares of The Descartes Systems Group during the second quarter valued at about $61,000. Institutional investors own 77.73% of the company’s stock.

The Descartes Systems Group Stock Down 1.2 %

NASDAQ DSGX opened at $106.04 on Friday. The Descartes Systems Group has a 52 week low of $69.59 and a 52 week high of $108.02. The firm has a market capitalization of $9.05 billion, a price-to-earnings ratio of 75.74 and a beta of 0.97. The company has a fifty day moving average of $100.19 and a two-hundred day moving average of $97.28.

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last released its quarterly earnings results on Wednesday, September 4th. The technology company reported $0.40 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.03). The Descartes Systems Group had a return on equity of 10.21% and a net margin of 21.02%. The firm had revenue of $163.43 million for the quarter, compared to analysts’ expectations of $160.17 million. During the same period in the prior year, the firm posted $0.32 earnings per share. The Descartes Systems Group’s revenue for the quarter was up 14.0% on a year-over-year basis. Equities research analysts anticipate that The Descartes Systems Group will post 1.69 EPS for the current year.

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.