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

The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) has earned an average rating of “Moderate Buy” from the fourteen analysts that are covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, three have given a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $106.17.

Several research firms have weighed in on DSGX. National Bankshares set a $125.00 price objective on shares of The Descartes Systems Group and gave the stock an “outperform” rating in a report on Thursday, September 26th. Canaccord Genuity Group set a $108.00 target price on The Descartes Systems Group and gave the company a “buy” rating in a report on Thursday, September 5th. Scotiabank increased their price target on The Descartes Systems Group from $104.00 to $120.00 and gave the company a “sector outperform” rating in a research report on Thursday, October 24th. National Bank Financial upgraded shares of The Descartes Systems Group to a “strong-buy” rating in a report on Wednesday, September 25th. Finally, Barclays lifted their target price 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.

The Descartes Systems Group Stock Performance

Shares of DSGX stock opened at $115.00 on Wednesday. The stock’s fifty day moving average price is $103.29 and its two-hundred day moving average price is $99.34. The Descartes Systems Group has a fifty-two week low of $75.44 and a fifty-two week high of $115.42. The company has a market cap of $9.83 billion, a PE ratio of 77.70 and a beta of 0.97.

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last posted its earnings results on Wednesday, September 4th. The technology company reported $0.40 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 analyst estimates of $160.17 million. The Descartes Systems Group had a return on equity of 10.21% and a net margin of 21.02%. The firm’s quarterly revenue was up 14.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.32 earnings per share. On average, equities analysts predict that The Descartes Systems Group will post 1.69 EPS for the current fiscal year.

Institutional Trading of The Descartes Systems Group

Several large investors have recently added to or reduced their stakes in the business. Whittier Trust Co. raised its position in shares of The Descartes Systems Group by 38.5% during the first quarter. Whittier Trust Co. now owns 7,721 shares of the technology company’s stock valued at $707,000 after buying an additional 2,146 shares during the last quarter. Whittier Trust Co. of Nevada Inc. grew its position in The Descartes Systems Group by 703.3% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 490 shares of the technology company’s stock worth $45,000 after acquiring an additional 429 shares in the last quarter. Central Pacific Bank Trust Division bought a new stake in The Descartes Systems Group during the first quarter worth approximately $28,000. Mediolanum International Funds Ltd purchased a new position in shares of The Descartes Systems Group in the 1st quarter worth approximately $1,388,000. Finally, FDx Advisors Inc. purchased a new stake in The Descartes Systems Group during the 1st quarter valued at $227,000. 77.73% of the stock is currently owned by 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.