The Descartes Systems Group (NASDAQ:DSGX) Given a $95.00 Price Target by National Bank Financial Analysts

National Bank Financial set a $95.00 price objective on The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) in a report issued on Monday morning,BayStreet.CA reports. The firm currently has an outperform rating on the technology company’s stock.

Several other research firms have also commented on DSGX. Weiss Ratings restated a “sell (d+)” rating on shares of The Descartes Systems Group in a research report on Tuesday, July 7th. Canadian Imperial Bank of Commerce lifted their price objective on shares of The Descartes Systems Group from $116.00 to $118.00 and gave the company an “outperformer” rating in a research report on Thursday, June 4th. Loop Capital reissued a “buy” rating and set a $96.00 target price on shares of The Descartes Systems Group in a research note on Thursday, June 4th. Rothschild & Co Redburn raised shares of The Descartes Systems Group from a “neutral” rating to a “buy” rating and reduced their target price for the company from $100.00 to $90.00 in a research note on Thursday, April 16th. Finally, Raymond James Financial decreased their target price on shares of The Descartes Systems Group from $118.00 to $108.00 and set an “outperform” rating for the company in a research report on Thursday, June 4th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, The Descartes Systems Group has a consensus rating of “Moderate Buy” and an average target price of $102.54.

The Descartes Systems Group Price Performance

NASDAQ:DSGX opened at $73.68 on Monday. The Descartes Systems Group has a 12-month low of $62.56 and a 12-month high of $109.00. The firm has a market capitalization of $6.31 billion, a P/E ratio of 36.84 and a beta of 0.64. The business has a 50 day simple moving average of $71.60 and a 200 day simple moving average of $72.80.

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last issued its quarterly earnings data on Wednesday, June 3rd. The technology company reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.52 by $0.03. The Descartes Systems Group had a return on equity of 11.17% and a net margin of 23.35%.The firm had revenue of $166.96 million during the quarter, compared to the consensus estimate of $193.57 million. During the same period in the prior year, the business earned $0.41 EPS. The firm’s revenue was up 14.7% on a year-over-year basis. Research analysts anticipate that The Descartes Systems Group will post 2.37 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of DSGX. Quarry LP bought a new stake in shares of The Descartes Systems Group during the third quarter valued at about $27,000. Danske Bank A S bought a new position in The Descartes Systems Group in the 3rd quarter valued at about $34,000. EverSource Wealth Advisors LLC grew its position in The Descartes Systems Group by 57.5% in the 1st quarter. EverSource Wealth Advisors LLC now owns 548 shares of the technology company’s stock valued at $39,000 after buying an additional 200 shares in the last quarter. Measured Wealth Private Client Group LLC bought a new position in The Descartes Systems Group in the 3rd quarter valued at about $40,000. Finally, Caitong International Asset Management Co. Ltd increased its stake in The Descartes Systems Group by 267.3% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 551 shares of the technology company’s stock valued at $52,000 after buying an additional 401 shares during the period. Institutional investors own 77.73% of the company’s stock.

About The Descartes Systems Group

The Descartes Systems Group Inc (NASDAQ: DSGX) is a global provider of cloud-based logistics and supply chain management solutions. The company’s software-as-a-service platform connects and optimizes the flow of goods, information and payments across the global supply chain, helping businesses coordinate transportation, customs clearance, routing, scheduling and fleet management. Descartes’ modular applications serve shippers, carriers, third-party logistics providers and regulatory authorities by enabling real-time visibility, compliance and execution across complex trade networks.

Headquartered in Waterloo, Ontario, Descartes was founded in 1981 and has grown through a combination of organic development and strategic acquisitions.