The Descartes Systems Group (NASDAQ:DSGX) Given New $135.00 Price Target at TD Securities

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) had its price objective hoisted by TD Securities from $115.00 to $135.00 in a report issued on Wednesday morning,BayStreet.CA reports. They currently have a buy rating on the technology company’s stock.

Several other analysts have also issued reports on DSGX. Scotiabank boosted their price objective on shares of The Descartes Systems Group from $120.00 to $125.00 and gave the company a “sector outperform” rating in a report on Wednesday. BMO Capital Markets boosted their price objective on shares of The Descartes Systems Group from $104.00 to $120.00 and gave the company a “market perform” rating in a report on Wednesday. Royal Bank of Canada boosted their price target on shares of The Descartes Systems Group from $115.00 to $133.00 and gave the stock an “outperform” rating in a research note on Friday, November 29th. StockNews.com lowered shares of The Descartes Systems Group from a “buy” rating to a “hold” rating in a research note on Monday. Finally, Barclays upgraded shares of The Descartes Systems Group from an “underweight” rating to an “equal weight” rating and boosted their price target for the stock from $88.00 to $125.00 in a research note on Friday, November 15th. Five investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $114.17.

The Descartes Systems Group Trading Up 3.3 %

Shares of DSGX opened at $119.90 on Wednesday. The firm has a market cap of $10.25 billion, a P/E ratio of 81.01 and a beta of 0.98. The Descartes Systems Group has a 12-month low of $79.21 and a 12-month high of $122.22. The company’s 50-day moving average price is $109.07 and its 200 day moving average price is $101.81.

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last issued its quarterly earnings data 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 company had revenue of $163.43 million during the quarter, compared to analysts’ expectations 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 quarterly revenue was up 14.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.32 earnings per share. Equities research analysts forecast that The Descartes Systems Group will post 1.69 earnings per share for the current year.

Hedge Funds Weigh In On The Descartes Systems Group

Institutional investors and hedge funds have recently made changes to their positions in the stock. Intact Investment Management Inc. purchased a new stake in shares of The Descartes Systems Group during the second quarter worth approximately $61,000. Blue Trust Inc. boosted its stake in shares of The Descartes Systems Group by 931.7% during the third quarter. Blue Trust Inc. now owns 650 shares of the technology company’s stock valued at $63,000 after acquiring an additional 587 shares during the last quarter. Andra AP fonden acquired a new stake in The Descartes Systems Group in the 2nd quarter worth about $77,000. Whittier Trust Co. of Nevada Inc. boosted its stake 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 buying an additional 704 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in The Descartes Systems Group by 28.6% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,256 shares of the technology company’s stock worth $122,000 after buying an additional 279 shares during the last quarter. 77.73% of the stock is owned by institutional investors and hedge funds.

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.