Shares of The Descartes Systems Group Inc. (NASDAQ:DSGX - Get Free Report) TSE: DSG have received a consensus rating of "Moderate Buy" from the thirteen brokerages that are currently covering the firm, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $119.50.
DSGX has been the subject of several research reports. Stephens reduced their price objective on shares of The Descartes Systems Group from $137.00 to $125.00 and set an "overweight" rating for the company in a research report on Wednesday, April 9th. Scotiabank upped their target price on The Descartes Systems Group from $125.00 to $127.00 and gave the stock a "sector outperform" rating in a research report on Wednesday, March 26th. BMO Capital Markets decreased their price objective on shares of The Descartes Systems Group from $120.00 to $113.00 and set a "market perform" rating for the company in a report on Thursday, March 6th. CIBC cut their target price on The Descartes Systems Group from $128.00 to $127.00 and set an "outperform" rating on the stock in a report on Thursday, March 6th. Finally, Royal Bank of Canada reiterated an "outperform" rating and set a $130.00 price target on shares of The Descartes Systems Group in a research note on Friday, March 28th.
Read Our Latest Analysis on The Descartes Systems Group
The Descartes Systems Group Stock Performance
Shares of DSGX stock traded up $2.20 during mid-day trading on Wednesday, reaching $107.10. 245,098 shares of the company were exchanged, compared to its average volume of 202,690. The business's 50 day simple moving average is $102.47 and its 200 day simple moving average is $110.20. The company has a market capitalization of $9.17 billion, a P/E ratio of 67.36 and a beta of 0.88. The Descartes Systems Group has a fifty-two week low of $89.00 and a fifty-two week 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 for the quarter, meeting analysts' consensus estimates of $0.43. The business had revenue of $167.50 million during the quarter, compared to the consensus estimate of $169.97 million. The Descartes Systems Group had a return on equity of 10.65% and a net margin of 21.80%. On average, analysts forecast that The Descartes Systems Group will post 1.64 EPS for the current year.
Institutional Inflows and Outflows
A number of institutional investors have recently modified their holdings of the company. NBC Securities Inc. bought a new position in The Descartes Systems Group in the 1st quarter valued at $25,000. Mather Group LLC. boosted its stake in shares of The Descartes Systems Group by 301.7% in the 4th quarter. Mather Group LLC. now owns 241 shares of the technology company's stock valued at $27,000 after purchasing an additional 181 shares during the last quarter. GeoWealth Management LLC grew its position in shares of The Descartes Systems Group by 63.2% during 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. acquired a new position in The Descartes Systems Group in the fourth quarter valued at approximately $43,000. Finally, Cullen Frost Bankers Inc. bought a new position in The Descartes Systems Group in the first quarter valued at approximately $49,000. Institutional investors own 77.73% of the company's stock.
The Descartes Systems Group Company Profile
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Get Free ReportThe 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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