Descartes Systems Group Inc (NASDAQ:DSGX) (TSE:DSG) hit a new 52-week high and low on Thursday . The company traded as low as $31.55 and last traded at $31.25, with a volume of 1717 shares. The stock had previously closed at $31.20.
A number of equities research analysts have recently weighed in on the company. Canaccord Genuity boosted their price target on Descartes Systems Group from $34.00 to $35.00 and gave the stock a “buy” rating in a research note on Thursday, May 31st. Zacks Investment Research lowered Descartes Systems Group from a “hold” rating to a “sell” rating in a research note on Friday, June 1st. BidaskClub lowered Descartes Systems Group from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 8th. Morgan Stanley boosted their price target on Descartes Systems Group from $31.00 to $33.00 and gave the stock an “equal weight” rating in a research note on Friday, June 1st. Finally, Barclays boosted their price target on Descartes Systems Group from $33.00 to $35.00 and gave the stock an “overweight” rating in a research note on Thursday, May 31st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating to the stock. Descartes Systems Group presently has a consensus rating of “Buy” and an average target price of $34.33.
The company has a market capitalization of $2.34 billion, a price-to-earnings ratio of 88.57 and a beta of 0.44. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.10.
Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last released its earnings results on Wednesday, May 30th. The technology company reported $0.09 EPS for the quarter, missing the Zacks’ consensus estimate of $0.11 by ($0.02). Descartes Systems Group had a return on equity of 5.55% and a net margin of 10.81%. The firm had revenue of $67.02 million for the quarter, compared to analyst estimates of $65.70 million. The firm’s revenue for the quarter was up 22.9% compared to the same quarter last year. analysts forecast that Descartes Systems Group Inc will post 0.45 earnings per share for the current fiscal year.
Institutional investors have recently added to or reduced their stakes in the stock. Commonwealth Equity Services LLC acquired a new stake in shares of Descartes Systems Group during the first quarter worth about $269,000. Citadel Advisors LLC acquired a new stake in shares of Descartes Systems Group during the fourth quarter worth about $288,000. Legal & General Group Plc lifted its holdings in shares of Descartes Systems Group by 51.1% during the first quarter. Legal & General Group Plc now owns 22,434 shares of the technology company’s stock worth $641,000 after purchasing an additional 7,585 shares during the period. Millennium Management LLC acquired a new stake in shares of Descartes Systems Group during the fourth quarter worth about $782,000. Finally, CIBC World Markets Inc. lifted its holdings in shares of Descartes Systems Group by 202.0% during the first quarter. CIBC World Markets Inc. now owns 38,802 shares of the technology company’s stock worth $1,108,000 after purchasing an additional 25,954 shares during the period. 79.37% of the stock is owned by hedge funds and other institutional investors.
Descartes Systems Group Company Profile
The Descartes Systems Group Inc provides federated network and logistics technology solutions worldwide. Its Logistics Application Suite offers a range of modular, cloud-based, and interoperable Web and wireless logistics management applications. The company's Logistics Application Suite offers solutions, such as route planning and execution, mobile applications, and telematics and compliance; transportation management solutions comprising carrier compliance and rate management, freight audit and settlement, dock scheduling and yard management, pool distribution, transportation planning and execution, and logistics flow control, as well as visibility, tracking, and performance management; and global logistics network services, such as document management, community, and connectivity services.
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