Headlines about The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) have been trending positive recently, according to AlphaOne Sentiment. The research firm, a service of Accern, rates the sentiment of media coverage by monitoring more than 20 million news and blog sources in real time. AlphaOne ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. The Descartes Systems Group earned a news impact score of 0.42 on AlphaOne’s scale. AlphaOne also gave news headlines about the technology company an impact score of 24 out of 100, meaning that recent media coverage is very unlikely to have an impact on the stock’s share price in the immediate future.
Here are some of the news headlines that may have impacted Alpha One Sentiment’s analysis:
- The Descartes Systems Group Inc. (DSGX) Expected to Announce Quarterly Sales of $56.37 Million (americanbankingnews.com)
- The Descartes Systems Group Inc. (DSGX) Receives Consensus Rating of “Buy” from Analysts (americanbankingnews.com)
- How Many Descartes Systems Group Inc (TSE:DSG)’s Analysts Are Bullish? (campdesrecrues.com)
- InterPost Delivers Faster and More Affordably with Descartes e-Customs (finance.yahoo.com)
- Zacks: Brokerages Expect The Descartes Systems Group Inc. (DSGX) Will Announce Earnings of $0.11 Per Share (americanbankingnews.com)
The Descartes Systems Group (DSGX) traded up 0.20% during midday trading on Friday, hitting $24.65. 29,725 shares of the stock traded hands. The firm’s 50 day moving average is $24.14 and its 200-day moving average is $22.54. The Descartes Systems Group has a 12-month low of $18.21 and a 12-month high of $25.45. The stock has a market capitalization of $1.87 billion, a PE ratio of 77.03 and a beta of 0.55.
The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last released its quarterly earnings results on Wednesday, May 31st. The technology company reported $0.09 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.10 by $0.01. The firm had revenue of $54.51 million for the quarter, compared to the consensus estimate of $54.09 million. The Descartes Systems Group had a return on equity of 5.78% and a net margin of 11.80%. On average, analysts anticipate that The Descartes Systems Group will post $0.42 EPS for the current fiscal year.
Several equities research analysts have recently weighed in on the stock. Zacks Investment Research lowered shares of The Descartes Systems Group from a “hold” rating to a “sell” rating in a report on Tuesday, May 9th. TD Securities reaffirmed a “buy” rating and issued a $29.00 target price (up previously from $25.00) on shares of The Descartes Systems Group in a report on Wednesday, May 31st. Scotiabank upped their target price on shares of The Descartes Systems Group from $24.00 to $38.00 and gave the stock an “outperform” rating in a report on Thursday, June 1st. Barclays PLC reaffirmed a “buy” rating and issued a $26.00 target price on shares of The Descartes Systems Group in a report on Monday, March 13th. Finally, BMO Capital Markets reaffirmed a “market perform” rating and issued a $35.00 target price on shares of The Descartes Systems Group in a report on Thursday, June 1st. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $32.44.
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About The Descartes Systems Group
Descartes Systems Group Inc (Descartes) is a Canada-based global provider of federated network and global logistics technology solutions that help its customers make and receive shipments and manage related resources. The Company’s network-based solutions, which primarily consist of services and software, connect people to their trading partners and enable business document exchange (bookings, bills of lading, status messages); regulatory compliance and customs filing; route and resource planning, execution and monitoring; access and leverage global trade and restricted party data; inventory and asset visibility; rate and transportation management, and warehouse operations.
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