Analysts Set The Descartes Systems Group Inc. (NASDAQ:DSGX) Price Target at $122.18

Shares of The Descartes Systems Group Inc. (NASDAQ:DSGX - Get Free Report) TSE: DSG have received a consensus recommendation of "Moderate Buy" from the twelve brokerages that are currently covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation, eight have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $122.18.

Several equities analysts recently issued reports on DSGX shares. Wall Street Zen lowered The Descartes Systems Group from a "buy" rating to a "hold" rating in a research report on Thursday, February 6th. Royal Bank of Canada reissued an "outperform" rating and issued a $130.00 price objective on shares of The Descartes Systems Group in a report on Friday, March 28th. CIBC dropped their price target on The Descartes Systems Group from $128.00 to $127.00 and set an "outperform" rating on the stock in a research note on Thursday, March 6th. Scotiabank increased their price target on The Descartes Systems Group from $125.00 to $127.00 and gave the company a "sector outperform" rating in a research note on Wednesday, March 26th. Finally, Stephens lowered their price objective on The Descartes Systems Group from $137.00 to $125.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 9th.

The Descartes Systems Group Stock Performance

Shares of NASDAQ:DSGX traded up $1.98 on Friday, hitting $116.93. The stock had a trading volume of 259,628 shares, compared to its average volume of 210,007. The firm's 50 day moving average price is $105.13 and its 200-day moving average price is $110.74. The company has a market capitalization of $10.01 billion, a price-to-earnings ratio of 73.54 and a beta of 0.88. The Descartes Systems Group has a twelve month low of $89.00 and a twelve month high of $124.31.

The Descartes Systems Group (NASDAQ:DSGX - Get Free Report) TSE: DSG last issued its quarterly earnings results on Wednesday, March 5th. The technology company reported $0.43 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.43. The business had revenue of $167.50 million for the quarter, compared to the consensus estimate of $169.97 million. The Descartes Systems Group had a net margin of 21.80% and a return on equity of 10.65%. As a group, sell-side analysts predict that The Descartes Systems Group will post 1.64 EPS for the current year.

Institutional Trading of The Descartes Systems Group

A number of institutional investors have recently added to or reduced their stakes in the stock. NBC Securities Inc. bought a new position in The Descartes Systems Group in the 1st quarter worth about $25,000. Mather Group LLC. boosted its holdings in The Descartes Systems Group by 301.7% during the 4th quarter. Mather Group LLC. now owns 241 shares of the technology company's stock valued at $27,000 after acquiring an additional 181 shares during the period. GeoWealth Management LLC lifted its holdings in The Descartes Systems Group by 63.2% in the 4th quarter. GeoWealth Management LLC now owns 341 shares of the technology company's stock worth $39,000 after buying an additional 132 shares during the period. SBI Securities Co. Ltd. purchased a new stake in The Descartes Systems Group in the 4th quarter worth approximately $43,000. Finally, Cullen Frost Bankers Inc. purchased a new stake in The Descartes Systems Group in the 1st quarter worth approximately $49,000. Hedge funds and other institutional investors own 77.73% of the company's stock.

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.