The Descartes Systems Group Inc. (NASDAQ:DSGX) Receives $117.92 Consensus PT from Brokerages

Shares of The Descartes Systems Group Inc. (NASDAQ:DSGX - Get Free Report) TSE: DSG have been given an average recommendation of "Moderate Buy" by the fourteen ratings firms that are presently covering the company, Marketbeat reports. Four investment analysts have rated the stock with a hold recommendation, nine have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $117.92.

Several equities research analysts have recently weighed in on the company. Royal Bank of Canada upped their price target on The Descartes Systems Group from $115.00 to $133.00 and gave the company an "outperform" rating in a research report on Friday, November 29th. National Bankshares set a $125.00 target price on shares of The Descartes Systems Group and gave the stock an "outperform" rating in a research note on Thursday, September 26th. TD Securities raised their price target on shares of The Descartes Systems Group from $115.00 to $135.00 and gave the company a "buy" rating in a report on Wednesday, December 4th. StockNews.com cut shares of The Descartes Systems Group from a "buy" rating to a "hold" rating in a report on Wednesday, January 15th. Finally, National Bank Financial raised The Descartes Systems Group to a "strong-buy" rating in a research note on Wednesday, September 25th.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. MinichMacGregor Wealth Management LLC grew its position in The Descartes Systems Group by 1.1% during the 4th quarter. MinichMacGregor Wealth Management LLC now owns 85,062 shares of the technology company's stock worth $9,663,000 after acquiring an additional 915 shares during the last quarter. SG Americas Securities LLC increased its stake in shares of The Descartes Systems Group by 36.5% in the fourth quarter. SG Americas Securities LLC now owns 12,214 shares of the technology company's stock worth $1,388,000 after buying an additional 3,267 shares during the period. Ellsworth Advisors LLC raised its holdings in The Descartes Systems Group by 7.3% during the 4th quarter. Ellsworth Advisors LLC now owns 6,167 shares of the technology company's stock valued at $701,000 after buying an additional 419 shares during the last quarter. Trust Co. of Vermont purchased a new stake in The Descartes Systems Group during the 4th quarter valued at $54,000. Finally, Canoe Financial LP bought a new stake in The Descartes Systems Group in the 4th quarter worth $7,939,000. Hedge funds and other institutional investors own 77.73% of the company's stock.

The Descartes Systems Group Price Performance

Shares of The Descartes Systems Group stock traded up $0.81 during trading hours on Monday, reaching $115.85. The company had a trading volume of 258,738 shares, compared to its average volume of 173,042. The firm has a market cap of $9.91 billion, a PE ratio of 72.86 and a beta of 0.99. The Descartes Systems Group has a one year low of $84.11 and a one year high of $122.88. The business has a fifty day simple moving average of $115.53 and a 200 day simple moving average of $106.52.

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.