Shares of Descartes Systems Group Inc (NASDAQ:DSGX) (TSE:DSG) have been assigned a consensus rating of “Buy” from the thirteen research firms that are currently covering the stock, MarketBeat reports. Seven investment analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $45.20.
DSGX has been the topic of several recent analyst reports. CIBC reaffirmed a “hold” rating and issued a $45.00 price target on shares of Descartes Systems Group in a research note on Tuesday, October 29th. TD Securities lifted their price target on shares of Descartes Systems Group from $49.00 to $53.00 and gave the company a “buy” rating in a research note on Friday, January 10th. Royal Bank of Canada lifted their price target on shares of Descartes Systems Group from $45.00 to $50.00 and gave the company an “outperform” rating in a research note on Monday, December 2nd. Barclays downgraded shares of Descartes Systems Group from an “overweight” rating to an “equal weight” rating and set a $46.00 price target for the company. in a research note on Friday, January 10th. Finally, Canaccord Genuity reaffirmed a “buy” rating and issued a $48.00 price target (up from $44.00) on shares of Descartes Systems Group in a research note on Thursday, December 5th.
Shares of NASDAQ DSGX traded down $0.73 during midday trading on Friday, reaching $45.08. 72,629 shares of the company were exchanged, compared to its average volume of 67,516. The stock’s 50-day moving average price is $45.79 and its 200-day moving average price is $41.02. The stock has a market cap of $3.86 billion, a P/E ratio of 112.70 and a beta of 0.69. Descartes Systems Group has a one year low of $33.35 and a one year high of $47.43. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.02.
Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last issued its quarterly earnings results on Wednesday, December 4th. The technology company reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.01. The company had revenue of $83.00 million for the quarter, compared to analyst estimates of $82.62 million. Descartes Systems Group had a net margin of 10.70% and a return on equity of 4.98%. Descartes Systems Group’s revenue was up 18.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.10 earnings per share. On average, equities research analysts anticipate that Descartes Systems Group will post 0.43 EPS for the current year.
Several hedge funds have recently made changes to their positions in DSGX. Quantbot Technologies LP bought a new position in shares of Descartes Systems Group in the 4th quarter worth $68,000. UBS Group AG increased its holdings in shares of Descartes Systems Group by 7,481.6% in the 4th quarter. UBS Group AG now owns 2,881 shares of the technology company’s stock worth $123,000 after buying an additional 2,843 shares during the last quarter. We Are One Seven LLC bought a new position in shares of Descartes Systems Group in the 4th quarter worth $203,000. Exchange Traded Concepts LLC bought a new position in shares of Descartes Systems Group in the 4th quarter worth $215,000. Finally, Signition LP bought a new position in shares of Descartes Systems Group in the 4th quarter worth $222,000. Institutional investors own 79.38% of the company’s stock.
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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