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

The Descartes Systems Group Inc. (NASDAQ:DSGXGet Rating) (TSE:DSG) has been assigned an average rating of “Buy” from the eleven analysts that are presently covering the firm, MarketBeat reports. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is $88.44.

DSGX has been the subject of several recent analyst reports. Zacks Investment Research upgraded The Descartes Systems Group from a “hold” rating to a “buy” rating and set a $77.00 target price for the company in a research report on Monday, March 7th. Raymond James set a $83.00 price target on The Descartes Systems Group and gave the stock a “market perform” rating in a research note on Thursday, March 3rd. CIBC raised The Descartes Systems Group to a “buy” rating and set a $89.00 price target for the company in a research note on Monday, January 31st. Barclays dropped their price target on The Descartes Systems Group from $80.00 to $78.00 and set an “equal weight” rating for the company in a research note on Thursday, March 3rd. Finally, StockNews.com started coverage on The Descartes Systems Group in a research note on Thursday, March 31st. They set a “buy” rating for the company.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. lifted its stake in shares of The Descartes Systems Group by 1.4% in the 3rd quarter. PNC Financial Services Group Inc. now owns 10,449 shares of the technology company’s stock valued at $849,000 after acquiring an additional 141 shares during the last quarter. Glenmede Trust Co. NA raised its position in The Descartes Systems Group by 1.3% during the 4th quarter. Glenmede Trust Co. NA now owns 11,239 shares of the technology company’s stock valued at $929,000 after purchasing an additional 145 shares during the last quarter. Stifel Financial Corp raised its position in The Descartes Systems Group by 0.8% during the 4th quarter. Stifel Financial Corp now owns 18,957 shares of the technology company’s stock valued at $1,567,000 after purchasing an additional 156 shares during the last quarter. New Century Advisors LLC raised its position in The Descartes Systems Group by 74.1% during the 1st quarter. New Century Advisors LLC now owns 416 shares of the technology company’s stock valued at $30,000 after purchasing an additional 177 shares during the last quarter. Finally, We Are One Seven LLC raised its position in The Descartes Systems Group by 5.8% during the 4th quarter. We Are One Seven LLC now owns 3,487 shares of the technology company’s stock valued at $288,000 after purchasing an additional 190 shares during the last quarter. 79.19% of the stock is owned by institutional investors.

Shares of NASDAQ DSGX opened at $64.04 on Tuesday. The stock has a market cap of $5.43 billion, a PE ratio of 64.04 and a beta of 1.07. The Descartes Systems Group has a fifty-two week low of $56.78 and a fifty-two week high of $91.39. The stock has a fifty day moving average of $70.41 and a 200-day moving average of $75.64.

The Descartes Systems Group (NASDAQ:DSGXGet Rating) (TSE:DSG) last announced its quarterly earnings results on Wednesday, March 2nd. The technology company reported $0.22 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.22. The company had revenue of $112.40 million during the quarter, compared to analysts’ expectations of $110.20 million. The Descartes Systems Group had a return on equity of 8.86% and a net margin of 20.32%. During the same period in the previous year, the business earned $0.20 earnings per share. Analysts predict that The Descartes Systems Group will post 1.12 EPS for the current fiscal year.

About The Descartes Systems Group (Get Rating)

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.

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

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