Scotiabank Boosts The Descartes Systems Group (NASDAQ:DSGX) Price Target to $127.00

The Descartes Systems Group (NASDAQ:DSGX - Free Report) TSE: DSG had its price target boosted by Scotiabank from $125.00 to $127.00 in a report published on Wednesday, Marketbeat.com reports. They currently have a sector outperform rating on the technology company's stock.

Other equities analysts have also issued research reports about the company. StockNews.com lowered The Descartes Systems Group from a "buy" rating to a "hold" rating in a research report on Thursday, February 6th. Barclays dropped their target price on shares of 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. 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 research report on Wednesday, December 4th. BMO Capital Markets lowered their price objective on The Descartes Systems Group from $120.00 to $113.00 and set a "market perform" rating on the stock in a research report on Thursday, March 6th. Finally, Royal Bank of Canada lowered their price target on The Descartes Systems Group from $133.00 to $130.00 and set an "outperform" rating on the stock in a report on Thursday, March 6th. Five equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $120.50.

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The Descartes Systems Group Trading Down 1.4 %

The Descartes Systems Group stock traded down $1.39 on Wednesday, hitting $100.24. 206,101 shares of the stock traded hands, compared to its average volume of 196,292. The business's fifty day simple moving average is $110.36 and its 200 day simple moving average is $110.33. The firm has a market cap of $8.58 billion, a P/E ratio of 63.04 and a beta of 0.99. 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 posted its quarterly earnings data on Wednesday, March 5th. The technology company reported $0.43 EPS for the quarter, hitting the consensus estimate of $0.43. The business had revenue of $167.50 million for the quarter, compared to analyst estimates of $169.97 million. The Descartes Systems Group had a net margin of 21.80% and a return on equity of 10.65%. As a group, analysts predict that The Descartes Systems Group will post 1.64 earnings per share for the current year.

Hedge Funds Weigh In On The Descartes Systems Group

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Mather Group LLC. grew its stake in shares of The Descartes Systems Group by 301.7% during 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 boosted its position in shares of The Descartes Systems Group by 63.2% in 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 during the period. SBI Securities Co. Ltd. purchased a new stake in shares of The Descartes Systems Group in the fourth quarter worth $43,000. Trust Co. of Vermont bought a new stake in shares of The Descartes Systems Group during the 4th quarter valued at $54,000. Finally, Mitsubishi UFJ Trust & Banking Corp purchased a new position in shares of The Descartes Systems Group during the 4th quarter valued at $57,000. 77.73% of the stock is currently owned by hedge funds and other institutional investors.

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.