The Descartes Systems Group Inc. (NASDAQ:DSGX) Receives $117.92 Average Price Target from Brokerages

Shares of The Descartes Systems Group Inc. (NASDAQ:DSGX - Get Free Report) TSE: DSG have been given an average rating of "Moderate Buy" by the fourteen brokerages that are presently covering the stock, Marketbeat.com reports. Four analysts have rated the stock with a hold recommendation, eight have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $117.92.

A number of equities analysts have commented on DSGX shares. StockNews.com downgraded shares of The Descartes Systems Group from a "buy" rating to a "hold" rating in a research report on Thursday, February 6th. TD Securities upped their price objective on shares of The Descartes Systems Group from $115.00 to $135.00 and gave the stock a "buy" rating in a research report on Wednesday, December 4th. Scotiabank upped their price objective on shares of The Descartes Systems Group from $120.00 to $125.00 and gave the stock a "sector outperform" rating in a research report on Wednesday, December 4th. Loop Capital started coverage on shares of The Descartes Systems Group in a research report on Tuesday, December 17th. They set a "buy" rating and a $140.00 price objective for the company. Finally, Barclays upgraded shares of The Descartes Systems Group from an "underweight" rating to an "equal weight" rating and upped their price objective for the stock from $88.00 to $125.00 in a research report on Friday, November 15th.

Hedge Funds Weigh In On The Descartes Systems Group

Several hedge funds have recently added to or reduced their stakes in the business. Creative Planning boosted its stake in shares of The Descartes Systems Group by 33.5% during the 3rd quarter. Creative Planning now owns 17,036 shares of the technology company's stock worth $1,754,000 after purchasing an additional 4,274 shares during the last quarter. Vontobel Holding Ltd. boosted its stake in shares of The Descartes Systems Group by 52.5% during the 3rd quarter. Vontobel Holding Ltd. now owns 210,280 shares of the technology company's stock worth $21,636,000 after purchasing an additional 72,435 shares during the last quarter. Ellsworth Advisors LLC boosted its stake in shares of The Descartes Systems Group by 5.7% during the 3rd quarter. Ellsworth Advisors LLC now owns 5,748 shares of the technology company's stock worth $592,000 after purchasing an additional 308 shares during the last quarter. Blue Trust Inc. boosted its stake in shares of The Descartes Systems Group by 931.7% during the 3rd quarter. Blue Trust Inc. now owns 650 shares of the technology company's stock worth $63,000 after purchasing an additional 587 shares during the last quarter. Finally, Whittier Trust Co. boosted its stake in shares of The Descartes Systems Group by 8.2% during the 3rd quarter. Whittier Trust Co. now owns 9,216 shares of the technology company's stock worth $949,000 after purchasing an additional 701 shares during the last quarter. 77.73% of the stock is currently owned by hedge funds and other institutional investors.

The Descartes Systems Group Stock Down 0.2 %

NASDAQ:DSGX traded down $0.24 during trading hours on Friday, reaching $116.54. 172,250 shares of the company's stock were exchanged, compared to its average volume of 188,525. The firm has a market capitalization of $9.97 billion, a price-to-earnings ratio of 73.30 and a beta of 0.99. The company has a 50-day moving average of $116.19 and a 200 day moving average of $108.96. The Descartes Systems Group has a 1-year low of $84.12 and a 1-year high of $124.31.

The Descartes Systems Group (NASDAQ:DSGX - Get Free Report) TSE: DSG last issued its quarterly earnings results on Tuesday, December 3rd. The technology company reported $0.42 earnings per share for the quarter, missing analysts' consensus estimates of $0.44 by ($0.02). The Descartes Systems Group had a return on equity of 10.65% and a net margin of 21.80%. During the same quarter last year, the firm posted $0.31 EPS. Research analysts forecast that The Descartes Systems Group will post 1.64 EPS 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.