The Descartes Systems Group (NASDAQ:DSGX - Get Free Report) TSE: DSG had its target price increased by research analysts at Barclays from $75.00 to $87.00 in a report issued on Friday, Benzinga reports. The firm presently has an "underweight" rating on the technology company's stock. Barclays's price target suggests a potential downside of 11.22% from the stock's current price.
Other analysts have also recently issued research reports about the company. CIBC upgraded The Descartes Systems Group from a "neutral" rating to a "sector outperform" rating and upped their price objective for the company from $96.50 to $101.00 in a research report on Tuesday, April 16th. Scotiabank upped their price target on The Descartes Systems Group from $95.00 to $100.00 and gave the stock a "sector outperform" rating in a research report on Thursday, March 7th. Raymond James upped their price target on The Descartes Systems Group from $84.00 to $94.00 and gave the stock a "market perform" rating in a research report on Thursday, March 7th. Redburn Atlantic began coverage on The Descartes Systems Group in a research report on Tuesday. They issued a "neutral" rating and a $90.00 price target for the company. Finally, BMO Capital Markets upped their price target on The Descartes Systems Group from $88.00 to $94.00 and gave the stock a "market perform" rating in a research report on Thursday, March 7th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $98.80.
Check Out Our Latest Research Report on The Descartes Systems Group
The Descartes Systems Group Stock Performance
Shares of DSGX stock traded up $0.34 during mid-day trading on Friday, hitting $97.99. The company's stock had a trading volume of 174,114 shares, compared to its average volume of 167,323. The stock has a market cap of $8.35 billion, a price-to-earnings ratio of 73.25 and a beta of 0.91. The Descartes Systems Group has a 52-week low of $69.59 and a 52-week high of $98.53. The business has a 50-day moving average price of $92.95 and a 200 day moving average price of $86.77.
The Descartes Systems Group (NASDAQ:DSGX - Get Free Report) TSE: DSG last posted its quarterly earnings data on Wednesday, March 6th. The technology company reported $0.37 EPS for the quarter, beating analysts' consensus estimates of $0.30 by $0.07. The company had revenue of $148.20 million during the quarter, compared to analysts' expectations of $146.62 million. The Descartes Systems Group had a return on equity of 9.80% and a net margin of 20.23%. The Descartes Systems Group's revenue for the quarter was up 18.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.34 earnings per share. Equities research analysts predict that The Descartes Systems Group will post 1.69 EPS for the current fiscal year.
Hedge Funds Weigh In On The Descartes Systems Group
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Central Pacific Bank Trust Division bought a new stake in shares of The Descartes Systems Group in the 1st quarter valued at approximately $28,000. Brown Brothers Harriman & Co. bought a new position in The Descartes Systems Group during the 4th quarter valued at about $27,000. Accent Capital Management LLC purchased a new stake in The Descartes Systems Group in the 4th quarter worth about $32,000. Operose Advisors LLC bought a new stake in The Descartes Systems Group in the third quarter worth about $35,000. Finally, Whittier Trust Co. of Nevada Inc. lifted its stake 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 purchasing an additional 429 shares during the last quarter. 77.73% of the stock is owned by institutional investors.
About The Descartes Systems Group
(
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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.
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