The Descartes Systems Group Inc. (NASDAQ:DSGX) Receives Average Rating of “Moderate Buy” from Brokerages

The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) has received an average recommendation of “Moderate Buy” from the ten research firms that are currently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $98.44.

A number of research firms recently issued reports on DSGX. Stephens raised their price objective on shares of The Descartes Systems Group from $105.00 to $107.00 and gave the stock an “overweight” rating in a report on Thursday, March 7th. Royal Bank of Canada reissued an “outperform” rating and issued a $110.00 price objective on shares of The Descartes Systems Group in a report on Thursday, April 11th. TD Securities raised their price objective on shares of The Descartes Systems Group from $95.00 to $110.00 and gave the stock a “buy” rating in a report on Thursday, March 7th. William Blair reissued an “outperform” rating on shares of The Descartes Systems Group in a report on Monday, April 1st. Finally, CIBC raised shares of The Descartes Systems Group from a “neutral” rating to a “sector outperform” rating and raised their price objective for the stock from $96.50 to $101.00 in a report on Tuesday, April 16th.

Institutional Investors Weigh In On The Descartes Systems Group

Several institutional investors and hedge funds have recently modified their holdings of DSGX. Brown Brothers Harriman & Co. bought a new stake in shares of The Descartes Systems Group during the fourth quarter valued at approximately $27,000. Accent Capital Management LLC bought a new stake in shares of The Descartes Systems Group during the fourth quarter valued at approximately $32,000. Operose Advisors LLC bought a new stake in shares of The Descartes Systems Group during the third quarter valued at approximately $35,000. Signaturefd LLC increased its position in The Descartes Systems Group by 26.7% in the third quarter. Signaturefd LLC now owns 697 shares of the technology company’s stock worth $51,000 after purchasing an additional 147 shares during the last quarter. Finally, Park Place Capital Corp increased its position in The Descartes Systems Group by 48.5% in the first quarter. Park Place Capital Corp now owns 671 shares of the technology company’s stock worth $61,000 after purchasing an additional 219 shares during the last quarter. Institutional investors own 77.73% of the company’s stock.

The Descartes Systems Group Stock Up 0.4 %

Shares of NASDAQ DSGX opened at $94.50 on Friday. The firm’s 50-day moving average price is $89.95 and its 200-day moving average price is $84.22. The company has a market cap of $8.05 billion, a PE ratio of 70.40 and a beta of 0.94. The Descartes Systems Group has a 52-week low of $69.59 and a 52-week high of $96.04.

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last announced its quarterly earnings results on Wednesday, March 6th. The technology company reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.07. The firm had revenue of $148.20 million for the quarter, compared to the consensus estimate of $146.62 million. The Descartes Systems Group had a net margin of 20.23% and a return on equity of 9.80%. The business’s quarterly revenue was up 18.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.34 EPS. As a group, equities research 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.