The Descartes Systems Group Inc. (NASDAQ:DSGX) Receives $106.17 Average Target Price from Brokerages

Shares of The Descartes Systems Group Inc. (NASDAQ:DSGX - Get Free Report) TSE: DSG have earned an average recommendation of "Moderate Buy" from the fourteen ratings firms that are currently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $106.17.

A number of research firms have issued reports on DSGX. 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. BMO Capital Markets lifted their price objective on The Descartes Systems Group from $100.00 to $104.00 and gave the stock a "market perform" rating in a research note on Thursday, September 5th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $115.00 price objective on shares of The Descartes Systems Group in a research note on Thursday, September 5th. Scotiabank lifted their price objective on The Descartes Systems Group from $104.00 to $120.00 and gave the stock a "sector outperform" rating in a research note on Thursday, October 24th. Finally, Barclays lifted their price objective on The Descartes Systems Group from $87.00 to $88.00 and gave the stock an "underweight" rating in a research note on Thursday, September 5th.

Hedge Funds Weigh In On The Descartes Systems Group

Large investors have recently bought and sold shares of the business. Bessemer Group Inc. boosted its holdings in The Descartes Systems Group by 7.0% during the 1st quarter. Bessemer Group Inc. now owns 169,541 shares of the technology company's stock valued at $15,517,000 after acquiring an additional 11,025 shares during the period. Russell Investments Group Ltd. boosted its holdings in The Descartes Systems Group by 3.4% during the 1st quarter. Russell Investments Group Ltd. now owns 262,615 shares of the technology company's stock valued at $24,043,000 after acquiring an additional 8,722 shares during the period. Ellsworth Advisors LLC purchased a new position in The Descartes Systems Group during the 2nd quarter valued at $527,000. TD Asset Management Inc boosted its holdings in The Descartes Systems Group by 6.2% during the 1st quarter. TD Asset Management Inc now owns 820,432 shares of the technology company's stock valued at $75,114,000 after acquiring an additional 47,949 shares during the period. Finally, Acadian Asset Management LLC boosted its holdings in The Descartes Systems Group by 527.7% during the 1st quarter. Acadian Asset Management LLC now owns 59,000 shares of the technology company's stock valued at $5,398,000 after acquiring an additional 49,600 shares during the period. Hedge funds and other institutional investors own 77.73% of the company's stock.

The Descartes Systems Group Trading Up 4.4 %

DSGX traded up $4.75 on Wednesday, hitting $112.50. 261,285 shares of the company's stock traded hands, compared to its average volume of 151,795. The company's 50 day simple moving average is $102.74 and its 200-day simple moving average is $99.07. The firm has a market cap of $9.61 billion, a price-to-earnings ratio of 76.01 and a beta of 0.97. The Descartes Systems Group has a one year low of $73.89 and a one year high of $112.92.

The Descartes Systems Group (NASDAQ:DSGX - Get Free Report) TSE: DSG last issued its earnings results on Wednesday, September 4th. The technology company reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.03). The business had revenue of $163.43 million for the quarter, compared to the consensus estimate of $160.17 million. The Descartes Systems Group had a net margin of 21.02% and a return on equity of 10.21%. The firm's revenue for the quarter was up 14.0% compared to the same quarter last year. During the same period last year, the business posted $0.32 EPS. As a group, equities analysts anticipate that The Descartes Systems Group will post 1.69 EPS for the current fiscal year.

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.