The Descartes Systems Group (NASDAQ:DSGX - Get Free Report) TSE: DSG had its price objective dropped by equities research analysts at Barclays from $125.00 to $118.00 in a research note issued on Thursday,Benzinga reports. The firm presently has an "equal weight" rating on the technology company's stock. Barclays's price objective indicates a potential upside of 22.41% from the company's previous close.
A number of other equities research analysts have also recently issued reports on the stock. Royal Bank of Canada boosted their target price on shares of The Descartes Systems Group from $115.00 to $133.00 and gave the company an "outperform" rating in a report on Friday, November 29th. StockNews.com cut The Descartes Systems Group from a "buy" rating to a "hold" rating in a report on Thursday, February 6th. Loop Capital started coverage on The Descartes Systems Group in a research note on Tuesday, December 17th. They issued a "buy" rating and a $140.00 target price for the company. Stephens upgraded The Descartes Systems Group to a "strong-buy" rating in a research report on Saturday, February 1st. Finally, TD Securities raised their price objective on shares of The Descartes Systems Group from $115.00 to $135.00 and gave the company a "buy" rating in a research report on Wednesday, December 4th. Five equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, The Descartes Systems Group has an average rating of "Moderate Buy" and an average target price of $120.33.
View Our Latest Analysis on The Descartes Systems Group
The Descartes Systems Group Stock Down 4.0 %
DSGX traded down $4.02 during trading hours on Thursday, hitting $96.40. The stock had a trading volume of 752,161 shares, compared to its average volume of 184,725. The Descartes Systems Group has a 1 year low of $87.20 and a 1 year high of $124.31. The company's fifty day simple moving average is $114.29 and its 200 day simple moving average is $110.25. The stock has a market cap of $8.25 billion, a PE ratio of 60.63 and a beta of 0.99.
The Descartes Systems Group (NASDAQ:DSGX - Get Free Report) TSE: DSG last posted its earnings results on Wednesday, March 5th. The technology company reported $0.43 earnings per share for the quarter, hitting the consensus estimate of $0.43. The firm had revenue of $167.50 million during the quarter, compared to the consensus estimate of $169.97 million. The Descartes Systems Group had a net margin of 21.80% and a return on equity of 10.65%. As a group, equities analysts expect that The Descartes Systems Group will post 1.64 EPS for the current year.
Hedge Funds Weigh In On The Descartes Systems Group
Several hedge funds and other institutional investors have recently modified their holdings of DSGX. Mather Group LLC. grew its stake in shares of The Descartes Systems Group by 301.7% in the fourth quarter. Mather Group LLC. now owns 241 shares of the technology company's stock worth $27,000 after purchasing an additional 181 shares during the last quarter. GeoWealth Management LLC lifted its holdings in The Descartes Systems Group by 63.2% in the 4th quarter. GeoWealth Management LLC now owns 341 shares of the technology company's stock worth $39,000 after buying an additional 132 shares during the period. SBI Securities Co. Ltd. purchased a new stake in The Descartes Systems Group in the 4th quarter worth approximately $43,000. Trust Co. of Vermont bought a new stake in shares of The Descartes Systems Group in the 4th quarter worth approximately $54,000. Finally, Mitsubishi UFJ Trust & Banking Corp purchased a new position in shares of The Descartes Systems Group during the fourth quarter valued at approximately $57,000. 77.73% of the stock is owned by institutional investors.
About The Descartes Systems Group
(
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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.
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