Analysts Set The Descartes Systems Group Inc. (NASDAQ:DSGX) Price Target at $120.33

The Descartes Systems Group Inc. (NASDAQ:DSGX - Get Free Report) TSE: DSG has earned a consensus rating of "Moderate Buy" from the fourteen brokerages that are covering the firm, Marketbeat.com reports. Four analysts have rated the stock with a hold recommendation, nine have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $120.33.

DSGX has been the subject of several analyst reports. Royal Bank of Canada reduced their price objective on shares of The Descartes Systems Group from $133.00 to $130.00 and set an "outperform" rating for the company in a research note on Thursday, March 6th. Stephens cut their target price on shares of The Descartes Systems Group from $145.00 to $137.00 and set an "overweight" rating for the company in a research report on Thursday, March 6th. 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 target price for the company. TD Securities boosted their target price 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. Finally, StockNews.com lowered shares of The Descartes Systems Group from a "buy" rating to a "hold" rating in a research report on Thursday, February 6th.

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The Descartes Systems Group Stock Down 2.5 %

Shares of The Descartes Systems Group stock traded down $2.52 on Tuesday, hitting $97.19. 366,587 shares of the company traded hands, compared to its average volume of 187,032. The company has a 50-day moving average price of $113.35 and a 200 day moving average price of $110.14. The Descartes Systems Group has a 12-month low of $87.20 and a 12-month high of $124.31. The company has a market cap of $8.32 billion, a PE ratio of 61.13 and a beta of 0.99.

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

Institutional Trading of The Descartes Systems Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in DSGX. Mather Group LLC. grew its stake in The Descartes Systems Group by 301.7% during the fourth quarter. Mather Group LLC. now owns 241 shares of the technology company's stock worth $27,000 after buying an additional 181 shares during the last quarter. GeoWealth Management LLC grew its stake in 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 buying an additional 132 shares during the last quarter. SBI Securities Co. Ltd. bought a new stake in The Descartes Systems Group during the fourth quarter worth about $43,000. Trust Co. of Vermont bought a new stake in The Descartes Systems Group during the fourth quarter worth about $54,000. Finally, GAMMA Investing LLC grew its stake in The Descartes Systems Group by 4,950.0% during the fourth quarter. GAMMA Investing LLC now owns 505 shares of the technology company's stock worth $57,000 after buying an additional 495 shares during the last quarter. Institutional investors own 77.73% of the company's stock.

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.