Brokerages Set The Descartes Systems Group Inc. (NASDAQ:DSGX) Target Price at $120.50

The Descartes Systems Group Inc. (NASDAQ:DSGX - Get Free Report) TSE: DSG has earned a consensus rating of "Moderate Buy" from the thirteen research firms that are presently covering the firm, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among brokers that have covered the stock in the last year is $120.50.

DSGX has been the topic of several research analyst reports. Loop Capital assumed coverage on The Descartes Systems Group in a research note on Tuesday, December 17th. They set a "buy" rating and a $140.00 price target on the stock. Scotiabank boosted their price target on The Descartes Systems Group from $125.00 to $127.00 and gave the stock a "sector outperform" rating in a report on Wednesday, March 26th. Barclays decreased their price objective on The Descartes Systems Group from $125.00 to $118.00 and set an "equal weight" rating on the stock in a research note on Thursday, March 6th. Royal Bank of Canada restated an "outperform" rating and issued a $130.00 target price on shares of The Descartes Systems Group in a report on Friday, March 28th. Finally, BMO Capital Markets cut their price objective on shares of The Descartes Systems Group from $120.00 to $113.00 and set a "market perform" rating for the company in a research report on Thursday, March 6th.

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The Descartes Systems Group Price Performance

Shares of DSGX stock traded up $0.18 during trading hours on Friday, reaching $96.02. 402,917 shares of the company's stock were exchanged, compared to its average volume of 203,919. The company's 50 day moving average is $108.55 and its two-hundred day moving average is $110.48. The company has a market cap of $8.22 billion, a P/E ratio of 60.39 and a beta of 0.97. The Descartes Systems Group has a 1 year low of $87.20 and a 1 year high of $124.31.

The Descartes Systems Group (NASDAQ:DSGX - Get Free Report) TSE: DSG last released its earnings results on Wednesday, March 5th. The technology company reported $0.43 EPS for the quarter, meeting analysts' consensus estimates of $0.43. The company had revenue of $167.50 million during the quarter, compared to the consensus estimate of $169.97 million. The Descartes Systems Group had a return on equity of 10.65% and a net margin of 21.80%. As a group, analysts predict that The Descartes Systems Group will post 1.64 EPS for the current fiscal year.

Hedge Funds Weigh In On The Descartes Systems Group

Hedge funds and other institutional investors have recently modified their holdings of the company. Mather Group LLC. raised its stake in shares of The Descartes Systems Group by 301.7% in the 4th quarter. Mather Group LLC. now owns 241 shares of the technology company's stock valued at $27,000 after acquiring an additional 181 shares during the period. GeoWealth Management LLC lifted its stake in shares of The Descartes Systems Group by 63.2% during the fourth quarter. GeoWealth Management LLC now owns 341 shares of the technology company's stock worth $39,000 after purchasing an additional 132 shares in the last quarter. SBI Securities Co. Ltd. purchased a new stake in shares of The Descartes Systems Group in the fourth quarter worth about $43,000. Trust Co. of Vermont acquired a new stake in shares of The Descartes Systems Group in the fourth quarter valued at about $54,000. Finally, Mitsubishi UFJ Trust & Banking Corp purchased a new stake in shares of The Descartes Systems Group during the 4th quarter valued at about $57,000. 77.73% of the stock is owned by institutional investors and hedge funds.

The Descartes Systems Group Company Profile

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.