The Descartes Systems Group Inc. (NASDAQ:DSGX) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) have been assigned a consensus rating of “Moderate Buy” from the ten brokerages that are covering the company, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and seven have issued a buy recommendation on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $98.44.

Several equities analysts recently commented on DSGX shares. William Blair reaffirmed an “outperform” rating on shares of The Descartes Systems Group in a report on Monday, April 1st. Stephens increased their price target on shares of The Descartes Systems Group from $105.00 to $107.00 and gave the company an “overweight” rating in a research report on Thursday, March 7th. Wolfe Research raised shares of The Descartes Systems Group from a “peer perform” rating to an “outperform” rating and set a $95.00 price target for the company in a research report on Wednesday, January 10th. Barclays raised their target price on shares of The Descartes Systems Group from $71.00 to $75.00 and gave the stock an “underweight” rating in a research report on Tuesday, February 20th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $110.00 target price on shares of The Descartes Systems Group in a research report on Thursday, April 11th.

Institutional Trading of The Descartes Systems Group

Large investors have recently made changes to their positions in the stock. Brown Brothers Harriman & Co. purchased a new position in shares of The Descartes Systems Group in the fourth quarter worth approximately $27,000. Captrust Financial Advisors boosted its holdings in shares of The Descartes Systems Group by 270.8% in the second quarter. Captrust Financial Advisors now owns 445 shares of the technology company’s stock worth $28,000 after buying an additional 325 shares during the last quarter. Fred Alger Management LLC purchased a new position in The Descartes Systems Group during the third quarter valued at approximately $30,000. Accent Capital Management LLC purchased a new position in The Descartes Systems Group during the fourth quarter valued at approximately $32,000. Finally, Operose Advisors LLC purchased a new position in The Descartes Systems Group during the third quarter valued at approximately $35,000. 77.73% of the stock is currently owned by institutional investors.

The Descartes Systems Group Price Performance

Shares of NASDAQ:DSGX opened at $90.32 on Friday. The company’s fifty day moving average price is $89.72 and its 200-day moving average price is $83.78. The firm has a market capitalization of $7.69 billion, a price-to-earnings ratio of 67.40 and a beta of 0.94. The Descartes Systems Group has a one year low of $69.59 and a one year high of $94.54.

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last issued its quarterly earnings results on Wednesday, March 6th. The technology company reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.07. The firm had revenue of $148.20 million for the quarter, compared to analyst estimates of $146.62 million. The Descartes Systems Group had a net margin of 20.23% and a return on equity of 9.80%. The business’s revenue for the quarter was up 18.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.34 EPS. As a group, equities research analysts expect that The Descartes Systems Group will post 1.69 EPS for the current year.

About The Descartes Systems Group

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.