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

Key Points

• Analysts give Descartes Systems Group a “Moderate Buy” consensus: 11 of 15 analysts rate it a buy, one a strong buy and three a hold. The average 12-month price target is $102.54.
• The company’s latest quarter showed EPS of $0.55, beating estimates of $0.52, while revenue rose 14.7% year over year to $166.96 million, though it fell short of the $193.57 million consensus estimate.
• DSGX opened at $74.92, with a market capitalization of $6.42 billion and a 52-week range of $62.56 to $109.00. Institutional investors own approximately 77.73% of the company’s stock.

The Descartes Systems Group Inc. (NASDAQ:DSGX - Get Free Report) TSE: DSG has received an average recommendation of "Moderate Buy" from the fifteen research firms that are currently covering the company, MarketBeat reports. Three analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $102.5385.

A number of analysts have recently weighed in on DSGX shares. Weiss Ratings upgraded shares of The Descartes Systems Group from a "sell (d+)" rating to a "hold (c-)" rating in a report on Tuesday, July 21st. Canadian Imperial Bank of Commerce increased their price target on shares of The Descartes Systems Group from $116.00 to $118.00 and gave the company an "outperformer" rating in a report on Thursday, June 4th. Loop Capital reiterated a "buy" rating and issued a $96.00 price target on shares of The Descartes Systems Group in a research report on Thursday, June 4th. National Bank Financial set a $95.00 price objective on The Descartes Systems Group and gave the stock an "outperform" rating in a research note on Monday, July 20th. Finally, Raymond James Financial reduced their price objective on The Descartes Systems Group from $118.00 to $108.00 and set an "outperform" rating on the stock in a research note on Thursday, June 4th.

The Descartes Systems Group Stock Performance

DSGX stock opened at $74.92 on Tuesday. The firm has a fifty day moving average price of $72.80 and a 200 day moving average price of $71.33. The Descartes Systems Group has a fifty-two week low of $62.56 and a fifty-two week high of $109.00. The firm has a market cap of $6.42 billion, a PE ratio of 37.46 and a beta of 0.62.

The Descartes Systems Group (NASDAQ:DSGX - Get Free Report) TSE: DSG last released its quarterly earnings results on Wednesday, June 3rd. The technology company reported $0.55 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.52 by $0.03. The Descartes Systems Group had a net margin of 23.35% and a return on equity of 11.17%. The company had revenue of $166.96 million for the quarter, compared to the consensus estimate of $193.57 million. During the same quarter in the prior year, the firm earned $0.41 earnings per share. The Descartes Systems Group's revenue was up 14.7% on a year-over-year basis. On average, equities analysts predict that The Descartes Systems Group will post 2.37 EPS for the current year.

Institutional Trading of The Descartes Systems Group

Several hedge funds and other institutional investors have recently bought and sold shares of DSGX. Quarry LP bought a new stake in The Descartes Systems Group in the third quarter worth $27,000. Trust Co. of Vermont bought a new position in The Descartes Systems Group during the second quarter valued at $33,000. Danske Bank A S bought a new position in The Descartes Systems Group during the third quarter valued at $34,000. Keating Financial Advisory Services Inc. purchased a new stake in shares of The Descartes Systems Group in the second quarter valued at $38,000. Finally, EverSource Wealth Advisors LLC raised its stake in shares of The Descartes Systems Group by 57.5% in the first quarter. EverSource Wealth Advisors LLC now owns 548 shares of the technology company's stock valued at $39,000 after acquiring an additional 200 shares during the period. 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 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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