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

The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) has been given an average rating of “Moderate Buy” by the fourteen brokerages that are covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, three have given a hold recommendation, nine have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $106.17.

Several equities analysts have weighed in on the company. Scotiabank raised their price target on The Descartes Systems Group from $104.00 to $120.00 and gave the stock a “sector outperform” rating in a research report on Thursday, October 24th. National Bankshares set a $125.00 price target on shares of The Descartes Systems Group and gave the stock an “outperform” rating in a research report on Thursday, September 26th. National Bank Financial upgraded shares of The Descartes Systems Group to a “strong-buy” rating in a report on Wednesday, September 25th. Canaccord Genuity Group set a $108.00 price objective on The Descartes Systems Group and gave the stock a “buy” rating in a report on Thursday, September 5th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $115.00 target price on shares of The Descartes Systems Group in a research report on Thursday, September 5th.

The Descartes Systems Group Trading Up 0.4 %

Shares of DSGX opened at $107.75 on Wednesday. The Descartes Systems Group has a twelve month low of $72.87 and a twelve month high of $108.77. The firm has a market capitalization of $9.21 billion, a P/E ratio of 72.80 and a beta of 0.97. The firm’s 50-day moving average is $102.48 and its two-hundred day moving average is $98.98.

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last released its quarterly earnings results on Wednesday, September 4th. The technology company reported $0.40 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.03). The Descartes Systems Group had a net margin of 21.02% and a return on equity of 10.21%. The business had revenue of $163.43 million during the quarter, compared to analyst estimates of $160.17 million. During the same quarter in the prior year, the company earned $0.32 earnings per share. The firm’s revenue for the quarter was up 14.0% compared to the same quarter last year. Analysts predict that The Descartes Systems Group will post 1.69 EPS for the current year.

Hedge Funds Weigh In On The Descartes Systems Group

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Whittier Trust Co. grew its holdings in The Descartes Systems Group by 38.5% during the 1st quarter. Whittier Trust Co. now owns 7,721 shares of the technology company’s stock valued at $707,000 after purchasing an additional 2,146 shares in the last quarter. Whittier Trust Co. of Nevada Inc. grew its stake in shares of The Descartes Systems Group by 703.3% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 490 shares of the technology company’s stock valued at $45,000 after acquiring an additional 429 shares in the last quarter. Central Pacific Bank Trust Division purchased a new stake in shares of The Descartes Systems Group during the first quarter worth about $28,000. Mediolanum International Funds Ltd acquired a new position in shares of The Descartes Systems Group in the first quarter worth about $1,388,000. Finally, FDx Advisors Inc. acquired a new stake in shares of The Descartes Systems Group during the first quarter worth approximately $227,000. 77.73% of the stock is owned by institutional investors and hedge funds.

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.