The Descartes Systems Group Inc. (NASDAQ:DSGX) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of The Descartes Systems Group Inc. (NASDAQ:DSGXGet Free Report) (TSE:DSG) have received an average recommendation of “Moderate Buy” from the eleven analysts that are covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and seven have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $102.00.

Several brokerages have commented on DSGX. William Blair reaffirmed an “outperform” rating on shares of The Descartes Systems Group in a report on Monday, April 1st. Redburn Atlantic initiated coverage on The Descartes Systems Group in a research note on Tuesday, May 14th. They issued a “neutral” rating and a $90.00 price objective on the stock. StockNews.com downgraded The Descartes Systems Group from a “buy” rating to a “hold” rating in a research note on Friday, May 3rd. Royal Bank of Canada boosted their price objective on The Descartes Systems Group from $110.00 to $115.00 and gave the company an “outperform” rating in a research note on Friday, May 24th. Finally, Barclays boosted their price objective on The Descartes Systems Group from $75.00 to $87.00 and gave the company an “underweight” rating in a research note on Friday, May 17th.

Get Our Latest Stock Report on The Descartes Systems Group

The Descartes Systems Group Trading Down 0.6 %

Shares of DSGX opened at $99.70 on Thursday. The company has a market capitalization of $8.51 billion, a PE ratio of 71.21 and a beta of 0.98. The Descartes Systems Group has a 12 month low of $69.59 and a 12 month high of $100.89. The stock’s 50-day moving average price is $96.23 and its two-hundred day moving average price is $91.19.

The Descartes Systems Group (NASDAQ:DSGXGet Free Report) (TSE:DSG) last announced its earnings results on Wednesday, May 29th. The technology company reported $0.40 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.02). The company had revenue of $151.30 million for the quarter, compared to analyst estimates of $151.80 million. The Descartes Systems Group had a return on equity of 9.96% and a net margin of 20.62%. The firm’s quarterly revenue was up 10.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.34 earnings per share. Equities research analysts predict that The Descartes Systems Group will post 1.7 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD raised its stake in The Descartes Systems Group by 3.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 7,602,572 shares of the technology company’s stock worth $695,864,000 after buying an additional 278,796 shares during the period. Vanguard Group Inc. increased its holdings in The Descartes Systems Group by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 3,137,637 shares of the technology company’s stock worth $287,188,000 after purchasing an additional 40,897 shares in the last quarter. Conestoga Capital Advisors LLC increased its holdings in The Descartes Systems Group by 0.8% during the 1st quarter. Conestoga Capital Advisors LLC now owns 3,049,464 shares of the technology company’s stock worth $279,117,000 after purchasing an additional 23,285 shares in the last quarter. Fiera Capital Corp increased its holdings in The Descartes Systems Group by 9.3% during the 4th quarter. Fiera Capital Corp now owns 2,422,044 shares of the technology company’s stock worth $204,169,000 after purchasing an additional 206,193 shares in the last quarter. Finally, Mackenzie Financial Corp increased its holdings in The Descartes Systems Group by 8.8% during the 4th quarter. Mackenzie Financial Corp now owns 1,914,238 shares of the technology company’s stock worth $160,912,000 after purchasing an additional 154,110 shares in the last quarter. 77.73% of the stock is owned by institutional investors and hedge funds.

The Descartes Systems Group Company Profile

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The 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.

Further Reading

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

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