The Descartes Systems Group - DSGX Stock Forecast, Price & News

The Descartes Systems Group Inc. provides cloud-based logistics and supply chain management business process solutions that focuses on enhancing the productivity, performance, and security of logistics-intensive businesses worldwide. Its Logistics Technology platform offers a range of modular, cloud-based, and interoperable web and wireless logistics management applications, which unites a community of logistics-focused parties, allowing them to transact business. The company provides a suite of solutions that include routing, mobile and telematics; transportation management and e-commerce enablement; customs and regulatory compliance; trade data; global logistics network services; and broker and forwarder enterprise systems. It offers its customers to use its modular, software-as-a-service, and data solutions to route, schedule, track, and measure delivery resources; plan, allocate, and execute shipments; rate, audit, and pay transportation invoices; access and analyze global trade data; research and perform trade tariff and duty calculations; file customs and security documents for imports and exports; and various other logistics processes. The company also provides cloud-based ecommerce warehouse management solutions; consulting, implementation, and training services; and maintenance and support services. It primarily focuses on serving transportation providers, logistics service providers, and distribution-intensive companies, as well as manufacturers, retailers, distributors, and mobile business service providers. The company was incorporated in 1981 and is headquartered in Waterloo, Canada.

The Descartes Systems Group Trading Down 0.3 %

Shares of DSGX opened at $71.43 on Monday. The company has a market cap of $6.06 billion, a PE ratio of 67.39 and a beta of 1.04. The stock has a 50-day moving average price of $64.21 and a 200-day moving average price of $66.49. The Descartes Systems Group has a 12-month low of $56.19 and a 12-month high of $91.39.

The Descartes Systems Group (NASDAQ:DSGX - Get Rating) (TSE:DSG) last announced its quarterly earnings data on Wednesday, June 1st. The technology company reported $0.27 earnings per share for the quarter, beating analysts' consensus estimates of $0.26 by $0.01. The company had revenue of $116.40 million for the quarter, compared to analysts' expectations of $113.97 million. The Descartes Systems Group had a return on equity of 9.17% and a net margin of 20.57%. The Descartes Systems Group's revenue for the quarter was up 17.8% compared to the same quarter last year. During the same period last year, the firm posted $0.21 EPS. As a group, analysts predict that The Descartes Systems Group will post 1.1 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have commented on DSGX shares. BMO Capital Markets cut their target price on The Descartes Systems Group from $81.00 to $68.00 in a research note on Thursday, June 2nd. Royal Bank of Canada cut their target price on The Descartes Systems Group from $100.00 to $85.00 and set an "outperform" rating for the company in a research note on Friday, May 27th. TD Securities cut their target price on The Descartes Systems Group from $95.00 to $84.00 and set a "buy" rating for the company in a research note on Thursday, June 2nd. Stephens cut their target price on The Descartes Systems Group to $80.00 in a research note on Friday, June 3rd. Finally, StockNews.com downgraded The Descartes Systems Group from a "buy" rating to a "hold" rating in a research note on Saturday, July 30th. Five research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $76.38.