The Descartes Systems Group Inc. (NASDAQ:DSGX) Receives $102.36 Consensus Price Target from Analysts

The Descartes Systems Group Inc. (NASDAQ:DSGXGet Free Report) (TSE:DSG) has been given a consensus rating of “Moderate Buy” by the sixteen ratings firms that are currently covering the stock, MarketBeat reports. Three analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $102.7143.

DSGX has been the subject of several research reports. Raymond James Financial dropped their price target on The Descartes Systems Group from $118.00 to $108.00 and set an “outperform” rating for the company in a report on Thursday, June 4th. Scotia increased their target price on shares of The Descartes Systems Group from $95.00 to $98.00 and gave the stock a “sector outperform” rating in a research report on Friday, September 11th. National Bank Financial raised their target price on shares of The Descartes Systems Group from $95.00 to $100.00 and gave the stock an “outperform” rating in a report on Monday, September 14th. Weiss Ratings upgraded shares of The Descartes Systems Group from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, July 21st. Finally, Canadian Imperial Bank of Commerce increased their price target on The Descartes Systems Group from $116.00 to $118.00 and gave the stock an “outperformer” rating in a research report on Thursday, June 4th.

Read Our Latest Stock Report on DSGX

The Descartes Systems Group Price Performance

NASDAQ:DSGX opened at $77.27 on Friday. The company has a market cap of $6.61 billion, a P/E ratio of 36.11 and a beta of 0.62. The firm’s fifty day moving average price is $76.33 and its two-hundred day moving average price is $73.04. The Descartes Systems Group has a one year low of $62.56 and a one year high of $104.43.

The Descartes Systems Group (NASDAQ:DSGXGet Free Report) (TSE:DSG) last posted its earnings results on Thursday, September 10th. The technology company reported $0.57 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.57. The company had revenue of $198.12 million during the quarter, compared to analysts’ expectations of $197.54 million. The Descartes Systems Group had a net margin of 24.25% and a return on equity of 11.66%. The Descartes Systems Group’s quarterly revenue was up 11.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.43 EPS. As a group, equities research analysts expect that The Descartes Systems Group will post 2.37 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of DSGX. EverSource Wealth Advisors LLC increased its holdings in The Descartes Systems Group by 57.5% in the 1st quarter. EverSource Wealth Advisors LLC now owns 548 shares of the technology company’s stock valued at $39,000 after buying an additional 200 shares during the period. Parallel Advisors LLC boosted its holdings in shares of The Descartes Systems Group by 124.7% in the 1st quarter. Parallel Advisors LLC now owns 755 shares of the technology company’s stock valued at $54,000 after purchasing an additional 419 shares in the last quarter. Value Partners Investments Inc. increased its stake in shares of The Descartes Systems Group by 6.7% in the 1st quarter. Value Partners Investments Inc. now owns 6,758 shares of the technology company’s stock valued at $483,000 after purchasing an additional 423 shares during the last quarter. Versant Capital Management Inc raised its holdings in shares of The Descartes Systems Group by 47.2% during the 2nd quarter. Versant Capital Management Inc now owns 1,338 shares of the technology company’s stock worth $93,000 after buying an additional 429 shares in the last quarter. Finally, Trust Co. of Vermont acquired a new stake in The Descartes Systems Group in the second quarter valued at about $33,000. Institutional investors and hedge funds own 77.73% of the company’s stock.

The Descartes Systems Group Company Profile

(Get Free Report)

The Descartes Systems Group Inc is a Canadian technology company that provides cloud-based logistics and supply chain management software. Its platform helps businesses manage the movement of goods, shipments, vehicles and trade-related information across complex supply chains.

The company’s offerings include transportation management, route planning and optimization, shipment tracking, telematics, freight matching, customs and regulatory compliance, logistics messaging, and electronic connectivity among shippers, carriers, brokers, manufacturers and other supply chain participants.

Further Reading

Analyst Recommendations for The Descartes Systems Group (NASDAQ:DSGX)

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