The Descartes Systems Group Inc. (NASDAQ:DSGX) Given Average Recommendation of "Moderate Buy" by Analysts

Key Points

• Analysts rate DSGX a "Moderate Buy" — 12 analysts cover the stock (1 sell, 2 hold, 8 buy, 1 strong buy) and the average 12‑month price target is $107.00.
• Descartes beat Q results, reporting $0.52 EPS vs. $0.50 expected and revenue of $192.37M (up 15.1% year‑over‑year), and analysts forecast about $1.64 EPS for the current fiscal year.
• The stock trades well below its 52‑week high ($117.35) at around $68.49 with a $5.89B market cap and 77.73% institutional ownership, while some brokers have recently cut price targets and ratings amid mixed analyst revisions.

Shares of The Descartes Systems Group Inc. (NASDAQ:DSGX - Get Free Report) TSE: DSG have been assigned a consensus recommendation of "Moderate Buy" from the twelve analysts that are currently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, two have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $107.00.

DSGX has been the topic of a number of recent research reports. Zacks Research cut The Descartes Systems Group from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 16th. Barclays dropped their price target on The Descartes Systems Group from $90.00 to $89.00 and set an "overweight" rating on the stock in a research report on Thursday, March 12th. Morgan Stanley dropped their price target on The Descartes Systems Group from $115.00 to $100.00 and set an "overweight" rating on the stock in a research report on Thursday, March 12th. Weiss Ratings cut The Descartes Systems Group from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Thursday, April 9th. Finally, BMO Capital Markets dropped their price target on The Descartes Systems Group from $95.00 to $82.00 and set a "market perform" rating on the stock in a research report on Thursday, March 12th.

Institutional Trading of The Descartes Systems Group

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Teacher Retirement System of Texas bought a new stake in shares of The Descartes Systems Group during the 3rd quarter valued at $8,528,000. Y Intercept Hong Kong Ltd bought a new stake in shares of The Descartes Systems Group during the 3rd quarter valued at $2,460,000. Dynamic Technology Lab Private Ltd bought a new stake in shares of The Descartes Systems Group during the 3rd quarter valued at $1,954,000. CIBC Asset Management Inc raised its stake in shares of The Descartes Systems Group by 15.3% during the 3rd quarter. CIBC Asset Management Inc now owns 963,361 shares of the technology company's stock valued at $91,369,000 after purchasing an additional 127,762 shares during the period. Finally, Thrivent Financial for Lutherans bought a new stake in shares of The Descartes Systems Group during the 3rd quarter valued at $10,031,000. 77.73% of the stock is currently owned by institutional investors.

The Descartes Systems Group Price Performance

Shares of NASDAQ DSGX opened at $68.49 on Wednesday. The Descartes Systems Group has a one year low of $62.56 and a one year high of $117.35. The business's fifty day moving average price is $68.72 and its 200-day moving average price is $81.05. The stock has a market capitalization of $5.89 billion, a PE ratio of 36.82 and a beta of 0.71.

The Descartes Systems Group (NASDAQ:DSGX - Get Free Report) TSE: DSG last issued its quarterly earnings results on Wednesday, March 11th. The technology company reported $0.52 EPS for the quarter, beating analysts' consensus estimates of $0.50 by $0.02. The Descartes Systems Group had a return on equity of 10.70% and a net margin of 22.47%.The firm had revenue of $192.37 million for the quarter, compared to analysts' expectations of $188.09 million. During the same quarter in the prior year, the firm earned $0.43 EPS. The business's revenue for the quarter was up 15.1% compared to the same quarter last year. As a group, equities analysts expect that The Descartes Systems Group will post 1.64 EPS for the current fiscal year.

The Descartes Systems Group Company Profile

The Descartes Systems Group Inc NASDAQ: DSGX is a global provider of cloud-based logistics and supply chain management solutions. The company's software-as-a-service platform connects and optimizes the flow of goods, information and payments across the global supply chain, helping businesses coordinate transportation, customs clearance, routing, scheduling and fleet management. Descartes' modular applications serve shippers, carriers, third-party logistics providers and regulatory authorities by enabling real-time visibility, compliance and execution across complex trade networks.

Headquartered in Waterloo, Ontario, Descartes was founded in 1981 and has grown through a combination of organic development and strategic acquisitions.

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