Brokerages Set The Descartes Systems Group Inc. (NASDAQ:DSGX) Target Price at $110.75

Shares of The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) have been given a consensus recommendation of “Moderate Buy” by the fourteen brokerages that are covering the firm, MarketBeat reports. Four research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $110.75.

Several research firms recently commented on DSGX. Royal Bank of Canada boosted their price target on The Descartes Systems Group from $115.00 to $133.00 and gave the stock an “outperform” rating in a research report on Friday, November 29th. Canaccord Genuity Group set a $108.00 price target on The Descartes Systems Group and gave the stock a “buy” rating in a research note on Thursday, September 5th. Barclays upgraded The Descartes Systems Group from an “underweight” rating to an “equal weight” rating and raised their price objective for the company from $88.00 to $125.00 in a research note on Friday, November 15th. Scotiabank upped their target price 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. Finally, National Bankshares set a $125.00 target price on The Descartes Systems Group and gave the company an “outperform” rating in a research note on Thursday, September 26th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DSGX. Intact Investment Management Inc. bought a new stake in The Descartes Systems Group in the second quarter valued at $61,000. Blue Trust Inc. lifted its position in The Descartes Systems Group by 931.7% in the 3rd quarter. Blue Trust Inc. now owns 650 shares of the technology company’s stock valued at $63,000 after purchasing an additional 587 shares during the last quarter. Andra AP fonden acquired a new position in The Descartes Systems Group during the 2nd quarter valued at about $77,000. Park Place Capital Corp boosted its stake in The Descartes Systems Group by 31.6% during the 2nd quarter. Park Place Capital Corp now owns 883 shares of the technology company’s stock valued at $86,000 after purchasing an additional 212 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. grew its position in The Descartes Systems Group by 143.7% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 1,194 shares of the technology company’s stock worth $116,000 after purchasing an additional 704 shares during the last quarter. Institutional investors and hedge funds own 77.73% of the company’s stock.

The Descartes Systems Group Stock Up 0.0 %

The Descartes Systems Group stock opened at $116.02 on Friday. The firm has a market capitalization of $9.92 billion, a P/E ratio of 78.39 and a beta of 0.98. The firm has a fifty day moving average of $108.71 and a 200-day moving average of $101.68. The Descartes Systems Group has a 52-week low of $79.21 and a 52-week high of $118.49.

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last released its quarterly earnings data 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 Descartes Systems Group had a net margin of 21.02% and a return on equity of 10.21%. The company had revenue of $163.43 million during the quarter, compared to analysts’ expectations of $160.17 million. During the same period last year, the business earned $0.32 earnings per share. The company’s revenue for the quarter was up 14.0% compared to the same quarter last year. On average, research analysts expect that The Descartes Systems Group will post 1.69 EPS for the current fiscal year.

About The Descartes Systems Group

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.