The Descartes Systems Group Inc. (NASDAQ:DSGX) Receives $120.33 Average PT from Analysts

The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) has been given a consensus rating of “Moderate Buy” by the fourteen brokerages that are presently covering the stock, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold recommendation, nine have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $120.33.

A number of research analysts recently weighed in on DSGX shares. Barclays dropped their price objective on shares of The Descartes Systems Group from $125.00 to $118.00 and set an “equal weight” rating for the company in a report on Thursday, March 6th. TD Securities lifted their price objective on shares of The Descartes Systems Group from $115.00 to $135.00 and gave the company a “buy” rating in a report on Wednesday, December 4th. StockNews.com cut shares of The Descartes Systems Group from a “buy” rating to a “hold” rating in a report on Thursday, February 6th. CIBC decreased their price target on shares of The Descartes Systems Group from $128.00 to $127.00 and set an “outperform” rating for the company in a research note on Thursday, March 6th. Finally, BMO Capital Markets decreased their price target on shares of The Descartes Systems Group from $120.00 to $113.00 and set a “market perform” rating for the company in a research note on Thursday, March 6th.

The Descartes Systems Group Stock Performance

Shares of DSGX stock opened at $97.19 on Tuesday. The stock has a market capitalization of $8.32 billion, a P/E ratio of 61.13 and a beta of 0.99. The company has a 50 day moving average price of $113.35 and a 200 day moving average price of $110.14. The Descartes Systems Group has a fifty-two week low of $87.20 and a fifty-two week high of $124.31.

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last announced its quarterly earnings data on Wednesday, March 5th. The technology company reported $0.43 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.43. The firm had revenue of $167.50 million during the quarter, compared to analysts’ expectations of $169.97 million. The Descartes Systems Group had a net margin of 21.80% and a return on equity of 10.65%. On average, research analysts forecast that The Descartes Systems Group will post 1.64 EPS for the current fiscal year.

Institutional Trading of The Descartes Systems Group

Institutional investors have recently modified their holdings of the stock. Mather Group LLC. lifted its position in shares of The Descartes Systems Group by 301.7% during the 4th quarter. Mather Group LLC. now owns 241 shares of the technology company’s stock worth $27,000 after buying an additional 181 shares during the last quarter. GeoWealth Management LLC lifted its position in shares of The Descartes Systems Group by 63.2% during the 4th quarter. GeoWealth Management LLC now owns 341 shares of the technology company’s stock worth $39,000 after buying an additional 132 shares during the last quarter. SBI Securities Co. Ltd. purchased a new stake in shares of The Descartes Systems Group during the 4th quarter worth approximately $43,000. Trust Co. of Vermont purchased a new stake in shares of The Descartes Systems Group during the 4th quarter worth approximately $54,000. Finally, Mitsubishi UFJ Trust & Banking Corp purchased a new stake in shares of The Descartes Systems Group during the 4th quarter worth approximately $57,000. Hedge funds and other institutional investors own 77.73% of the company’s stock.

The Descartes Systems Group Company Profile

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.