The Descartes Systems Group Inc. (NASDAQ:DSGX) Receives Consensus Recommendation of "Moderate Buy" from Analysts

Shares of The Descartes Systems Group Inc. (NASDAQ:DSGX - Get Free Report) TSE: DSG have been assigned a consensus rating of "Moderate Buy" from the fourteen ratings firms that are presently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $104.83.

A number of research analysts have weighed in on DSGX shares. National Bank Financial raised shares of The Descartes Systems Group to a "strong-buy" rating in a research note on Wednesday, September 25th. Canaccord Genuity Group set a $108.00 price target on shares of The Descartes Systems Group and gave the company a "buy" rating in a research report on Thursday, September 5th. BMO Capital Markets lifted their price target on The Descartes Systems Group from $100.00 to $104.00 and gave the company a "market perform" rating in a research note on Thursday, September 5th. National Bankshares set a $125.00 price objective on The Descartes Systems Group and gave the stock an "outperform" rating in a research note on Thursday, September 26th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and set a $115.00 target price on shares of The Descartes Systems Group in a research report on Thursday, September 5th.

Hedge Funds Weigh In On The Descartes Systems Group

Several institutional investors have recently added to or reduced their stakes in DSGX. Creative Planning boosted its stake in The Descartes Systems Group by 33.5% in the third quarter. Creative Planning now owns 17,036 shares of the technology company's stock valued at $1,754,000 after acquiring an additional 4,274 shares during the last quarter. Next Level Private LLC bought a new position in The Descartes Systems Group during the third quarter valued at $206,000. Park Place Capital Corp increased its position in The Descartes Systems Group by 76.6% in the third quarter. Park Place Capital Corp now owns 1,559 shares of the technology company's stock worth $161,000 after buying an additional 676 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of The Descartes Systems Group in the third quarter valued at $921,000. Finally, Truist Financial Corp lifted its position in shares of The Descartes Systems Group by 13.0% during the 2nd quarter. Truist Financial Corp now owns 8,458 shares of the technology company's stock valued at $819,000 after buying an additional 975 shares during the last quarter. Institutional investors own 77.73% of the company's stock.

The Descartes Systems Group Trading Up 1.6 %

The Descartes Systems Group stock traded up $1.65 during midday trading on Friday, reaching $105.70. The stock had a trading volume of 129,813 shares, compared to its average volume of 152,618. The company has a fifty day moving average price of $99.72 and a two-hundred day moving average price of $97.04. The Descartes Systems Group has a 12 month low of $69.59 and a 12 month high of $106.22. The company has a market capitalization of $9.02 billion, a P/E ratio of 75.50 and a beta of 0.97.

The Descartes Systems Group (NASDAQ:DSGX - Get Free Report) TSE: DSG last released its quarterly earnings data on Wednesday, September 4th. The technology company reported $0.40 EPS for the quarter, missing the consensus estimate 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 for the quarter, compared to the consensus estimate of $160.17 million. During the same quarter in the prior year, the firm earned $0.32 EPS. The company's revenue was up 14.0% compared to the same quarter last year. On average, equities research analysts predict that The Descartes Systems Group will post 1.69 earnings per share for the current fiscal year.

About The Descartes Systems Group

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.