Analysts Set Descartes Systems Group Inc (NASDAQ:DSGX) PT at $42.63

Shares of Descartes Systems Group Inc (NASDAQ:DSGX) (TSE:DSG) have been given a consensus recommendation of “Hold” by the thirteen ratings firms that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $42.63.

A number of research firms recently issued reports on DSGX. Stephens began coverage on Descartes Systems Group in a research note on Monday, July 1st. They issued an “equal weight” rating and a $40.00 target price on the stock. ValuEngine lowered Descartes Systems Group from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Wolfe Research began coverage on Descartes Systems Group in a research note on Thursday, August 22nd. They issued an “outperform” rating and a $43.00 target price on the stock. Haywood Securities set a $44.00 target price on Descartes Systems Group and gave the company a “buy” rating in a research note on Thursday, September 5th. Finally, Raymond James set a $36.00 target price on Descartes Systems Group and gave the company a “market perform” rating in a research note on Thursday, September 5th.

Several institutional investors have recently modified their holdings of the business. Strs Ohio lifted its stake in shares of Descartes Systems Group by 34.0% during the 3rd quarter. Strs Ohio now owns 167,500 shares of the technology company’s stock worth $6,751,000 after purchasing an additional 42,500 shares during the period. Envestnet Asset Management Inc. lifted its stake in shares of Descartes Systems Group by 8.2% during the 3rd quarter. Envestnet Asset Management Inc. now owns 35,478 shares of the technology company’s stock worth $1,430,000 after purchasing an additional 2,683 shares during the period. Summit Creek Advisors LLC lifted its stake in shares of Descartes Systems Group by 4.3% during the 3rd quarter. Summit Creek Advisors LLC now owns 440,300 shares of the technology company’s stock worth $17,748,000 after purchasing an additional 17,970 shares during the period. CIBC Private Wealth Group LLC lifted its stake in shares of Descartes Systems Group by 14.2% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 18,785 shares of the technology company’s stock worth $757,000 after purchasing an additional 2,330 shares during the period. Finally, Macquarie Group Ltd. lifted its stake in shares of Descartes Systems Group by 0.4% during the 2nd quarter. Macquarie Group Ltd. now owns 231,797 shares of the technology company’s stock worth $8,591,000 after purchasing an additional 1,000 shares during the period. 82.47% of the stock is currently owned by institutional investors.

Shares of NASDAQ:DSGX traded up $0.27 during trading on Monday, hitting $39.60. 46,362 shares of the stock were exchanged, compared to its average volume of 61,217. The company has a fifty day moving average price of $39.38 and a two-hundred day moving average price of $38.15. The company has a market cap of $3.41 billion, a PE ratio of 99.00 and a beta of 0.68. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.04. Descartes Systems Group has a 12-month low of $25.19 and a 12-month high of $41.60.

Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last posted its earnings results on Wednesday, September 4th. The technology company reported $0.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.01. Descartes Systems Group had a return on equity of 5.28% and a net margin of 10.58%. The firm had revenue of $80.54 million for the quarter, compared to analyst estimates of $80.32 million. During the same quarter in the prior year, the company earned $0.11 EPS. Descartes Systems Group’s revenue was up 20.0% on a year-over-year basis. Equities research analysts anticipate that Descartes Systems Group will post 0.41 earnings per share for the current fiscal year.

About Descartes Systems Group

The Descartes Systems Group Inc provides federated network and logistics technology solutions worldwide. Its Logistics Application Suite offers a range of modular, cloud-based, and interoperable Web and wireless logistics management applications. The company's Logistics Application Suite offers solutions, such as route planning and execution, mobile applications, and telematics and compliance; transportation management solutions comprising carrier compliance and rate management, freight audit and settlement, dock scheduling and yard management, pool distribution, transportation planning and execution, and logistics flow control, as well as visibility, tracking, and performance management; and global logistics network services, such as document management, community, and connectivity services.

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Analyst Recommendations for Descartes Systems Group (NASDAQ:DSGX)

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