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

Shares of The Descartes Systems Group Inc. (NASDAQ:DSGX - Get Free Report) TSE: DSG have earned an average recommendation of "Moderate Buy" from the eleven research firms that are covering the stock, Marketbeat reports. Two investment 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 objective among brokers that have covered the stock in the last year is $123.40.

Several equities research analysts have recently weighed in on the company. Stephens decreased their price target on The Descartes Systems Group from $137.00 to $125.00 and set an "overweight" rating for the company in a research note on Wednesday, April 9th. 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. Royal Bank Of Canada decreased their target price on shares of The Descartes Systems Group from $130.00 to $126.00 and set an "outperform" rating for the company in a research report on Thursday, June 5th. CIBC decreased their target price on shares of The Descartes Systems Group from $128.00 to $127.00 and set an "outperform" rating for the company in a research report on Thursday, March 6th. Finally, Barclays decreased their target price on shares of The Descartes Systems Group from $118.00 to $108.00 and set an "equal weight" rating for the company in a research report on Thursday, June 5th.

The Descartes Systems Group Stock Up 0.3%

NASDAQ DSGX traded up $0.26 on Thursday, hitting $99.22. The company's stock had a trading volume of 349,593 shares, compared to its average volume of 228,441. The Descartes Systems Group has a 1-year low of $90.61 and a 1-year high of $124.31. The company's 50-day moving average is $106.95 and its 200 day moving average is $109.38. The firm has a market cap of $8.49 billion, a PE ratio of 59.77 and a beta of 0.87.

The Descartes Systems Group (NASDAQ:DSGX - Get Free Report) TSE: DSG last posted its quarterly earnings data on Wednesday, June 4th. The technology company reported $0.41 earnings per share for the quarter, missing analysts' consensus estimates of $0.46 by ($0.05). The company had revenue of $168.74 million during the quarter, compared to analyst estimates of $169.60 million. The Descartes Systems Group had a net margin of 21.67% and a return on equity of 10.53%. The business's revenue for the quarter was up 11.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.40 earnings per share. On average, equities analysts expect that The Descartes Systems Group will post 1.64 EPS for the current year.

Institutional Trading of The Descartes Systems Group

Several large investors have recently modified their holdings of the stock. Price T Rowe Associates Inc. MD grew its holdings in The Descartes Systems Group by 15.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 7,134,467 shares of the technology company's stock worth $719,370,000 after purchasing an additional 936,718 shares during the period. Mackenzie Financial Corp grew its holdings in The Descartes Systems Group by 130.4% in the fourth quarter. Mackenzie Financial Corp now owns 4,947,789 shares of the technology company's stock worth $561,827,000 after purchasing an additional 2,800,492 shares during the period. Vanguard Group Inc. grew its stake in shares of The Descartes Systems Group by 1.4% in the 1st quarter. Vanguard Group Inc. now owns 3,345,692 shares of the technology company's stock valued at $336,814,000 after buying an additional 46,369 shares during the period. Fiera Capital Corp grew its stake in shares of The Descartes Systems Group by 8.0% in the 1st quarter. Fiera Capital Corp now owns 2,745,848 shares of the technology company's stock valued at $276,705,000 after buying an additional 202,973 shares during the period. Finally, T. Rowe Price Investment Management Inc. grew its stake in shares of The Descartes Systems Group by 10.2% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 1,947,947 shares of the technology company's stock valued at $196,412,000 after buying an additional 181,086 shares during the period. Institutional investors and hedge funds 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.