The Descartes Systems Group (NASDAQ:DSGX - Get Free Report) TSE: DSG had its price objective upped by analysts at Scotiabank from $104.00 to $120.00 in a report issued on Thursday, Marketbeat Ratings reports. The firm currently has a "sector outperform" rating on the technology company's stock. Scotiabank's price target would suggest a potential upside of 14.79% from the stock's previous close.
A number of other research firms have also issued reports on DSGX. Canaccord Genuity Group set a $108.00 target price on shares of The Descartes Systems Group and gave the stock a "buy" rating in a report on Thursday, September 5th. National Bankshares set a $125.00 price objective on shares of The Descartes Systems Group and gave the company an "outperform" rating in a report on Thursday, September 26th. National Bank Financial raised The Descartes Systems Group to a "strong-buy" rating in a report on Wednesday, September 25th. Royal Bank of Canada reiterated 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. Finally, Barclays raised their price objective on shares of The Descartes Systems Group from $87.00 to $88.00 and gave the stock an "underweight" rating in a report on Thursday, September 5th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, The Descartes Systems Group presently has an average rating of "Moderate Buy" and a consensus target price of $106.17.
Get Our Latest Stock Analysis on The Descartes Systems Group
The Descartes Systems Group Trading Down 1.2 %
The Descartes Systems Group stock traded down $1.32 during trading on Thursday, hitting $104.54. The company had a trading volume of 80,998 shares, compared to its average volume of 151,876. The stock has a market cap of $8.93 billion, a price-to-earnings ratio of 75.51 and a beta of 0.97. The Descartes Systems Group has a 1-year low of $69.59 and a 1-year high of $108.02. The company's 50 day simple moving average is $101.45 and its 200-day simple moving average is $97.90.
The Descartes Systems Group (NASDAQ:DSGX - Get Free Report) TSE: DSG last issued its quarterly earnings data on Wednesday, September 4th. The technology company reported $0.40 earnings per share for the quarter, missing analysts' consensus estimates of $0.43 by ($0.03). The Descartes Systems Group had a net margin of 21.02% and a return on equity of 10.21%. The firm had revenue of $163.43 million during the quarter, compared to analyst estimates of $160.17 million. During the same period in the previous year, the firm posted $0.32 earnings per share. The company's quarterly revenue was up 14.0% compared to the same quarter last year. As a group, analysts forecast that The Descartes Systems Group will post 1.69 earnings per share for the current fiscal year.
Institutional Investors Weigh In On The Descartes Systems Group
Institutional investors have recently modified their holdings of the stock. Central Pacific Bank Trust Division acquired a new stake in The Descartes Systems Group during the first quarter valued at approximately $28,000. Whittier Trust Co. of Nevada Inc. boosted its holdings in The Descartes Systems Group by 703.3% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 490 shares of the technology company's stock worth $45,000 after purchasing an additional 429 shares during the period. Park Place Capital Corp raised its holdings in shares of The Descartes Systems Group by 48.5% during the first quarter. Park Place Capital Corp now owns 671 shares of the technology company's stock worth $61,000 after purchasing an additional 219 shares during the period. Intact Investment Management Inc. bought a new position in shares of The Descartes Systems Group in the 2nd quarter worth about $61,000. Finally, Blue Trust Inc. boosted its holdings in shares of The Descartes Systems Group by 931.7% in the 3rd quarter. Blue Trust Inc. now owns 650 shares of the technology company's stock valued at $63,000 after buying an additional 587 shares during the period. Institutional investors and hedge funds own 77.73% of the company's stock.
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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