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

Shares of The Descartes Systems Group Inc. (NASDAQ:DSGXGet Rating) (TSE:DSG) have earned a consensus recommendation of “Buy” from the eleven research firms that are currently covering the company, Marketbeat.com reports. Three investment analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $86.56.

Several equities research analysts recently weighed in on the company. CIBC raised The Descartes Systems Group to a “buy” rating and set a $89.00 price objective on the stock in a report on Monday, January 31st. Barclays cut their price objective on The Descartes Systems Group from $78.00 to $61.00 and set an “equal weight” rating on the stock in a report on Friday. Raymond James set a $83.00 price objective on The Descartes Systems Group and gave the company a “market perform” rating in a report on Thursday, March 3rd. StockNews.com assumed coverage on The Descartes Systems Group in a report on Thursday, March 31st. They set a “buy” rating on the stock. Finally, Zacks Investment Research raised The Descartes Systems Group from a “hold” rating to a “buy” rating and set a $77.00 price objective on the stock in a report on Monday, March 7th.

Several hedge funds have recently bought and sold shares of the company. Glenmede Trust Co. NA raised its position in shares of The Descartes Systems Group by 1.3% in the 4th quarter. Glenmede Trust Co. NA now owns 11,239 shares of the technology company’s stock worth $929,000 after acquiring an additional 145 shares in the last quarter. Stifel Financial Corp raised its position in shares of The Descartes Systems Group by 0.8% in the 4th quarter. Stifel Financial Corp now owns 18,957 shares of the technology company’s stock worth $1,567,000 after acquiring an additional 156 shares in the last quarter. New Century Advisors LLC raised its position in shares of The Descartes Systems Group by 74.1% in the 1st quarter. New Century Advisors LLC now owns 416 shares of the technology company’s stock worth $30,000 after acquiring an additional 177 shares in the last quarter. We Are One Seven LLC increased its position in The Descartes Systems Group by 5.8% in the 4th quarter. We Are One Seven LLC now owns 3,487 shares of the technology company’s stock valued at $288,000 after buying an additional 190 shares in the last quarter. Finally, Lindenwold Advisors increased its position in The Descartes Systems Group by 5.3% in the 1st quarter. Lindenwold Advisors now owns 4,784 shares of the technology company’s stock valued at $350,000 after buying an additional 240 shares in the last quarter. 72.41% of the stock is owned by hedge funds and other institutional investors.

Shares of DSGX stock opened at $60.85 on Friday. The stock’s fifty day moving average price is $66.54 and its two-hundred day moving average price is $72.82. The company has a market cap of $5.16 billion, a PE ratio of 60.85 and a beta of 1.12. The Descartes Systems Group has a fifty-two week low of $56.19 and a fifty-two week high of $91.39.

The Descartes Systems Group (NASDAQ:DSGXGet Rating) (TSE:DSG) last issued its earnings results on Wednesday, March 2nd. The technology company reported $0.22 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.22. The firm had revenue of $112.40 million for the quarter, compared to the consensus estimate 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 quarter last year, the business posted $0.20 EPS. Analysts expect that The Descartes Systems Group will post 1.12 EPS for the current fiscal year.

The Descartes Systems Group Company Profile (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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