Shares of Descartes Systems Group Inc (TSE:DSG) (NASDAQ:DSGX) have been assigned a consensus rating of “Buy” from the seven ratings firms that are presently covering the company, MarketBeat reports. Two analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is C$35.43.
Several research analysts recently weighed in on the stock. TD Securities boosted their target price on shares of Descartes Systems Group from C$33.00 to C$35.00 and gave the company a “buy” rating in a research note on Thursday, November 30th. Scotiabank boosted their target price on shares of Descartes Systems Group from C$29.00 to C$32.00 and gave the company an “outperform” rating in a research note on Thursday, November 30th. Barclays boosted their target price on shares of Descartes Systems Group from C$39.00 to C$42.00 in a research note on Friday, December 1st. Raymond James Financial downgraded shares of Descartes Systems Group from an “outperform” rating to a “market perform” rating and set a C$31.00 target price for the company. in a research note on Thursday, November 30th. Finally, Canaccord Genuity boosted their target price on shares of Descartes Systems Group from C$30.00 to C$34.00 in a research note on Thursday, November 30th.
Shares of Descartes Systems Group (TSE DSG) traded up C$0.45 during mid-day trading on Friday, reaching C$32.58. 115,150 shares of the company traded hands, compared to its average volume of 137,525. Descartes Systems Group has a 12-month low of C$27.86 and a 12-month high of C$39.91. The firm has a market cap of $2,470.00, a P/E ratio of 74.65 and a beta of 0.07.
Descartes Systems Group (TSE:DSG) (NASDAQ:DSGX) last announced its earnings results on Wednesday, November 29th. The company reported C$0.10 earnings per share for the quarter, missing the consensus estimate of C$0.13 by C($0.03). Descartes Systems Group had a net margin of 9.95% and a return on equity of 5.28%. The firm had revenue of C$77.77 million during the quarter, compared to analyst estimates of C$72.94 million.
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Descartes Systems Group Company Profile
Descartes Systems Group Inc (Descartes) is a Canada-based global provider of federated network and global logistics technology solutions that help its customers make and receive shipments and manage related resources. Its network-based solutions, which primarily consist of services and software, connect people to their trading partners and enable business document exchange (bookings, bills of lading, status messages); regulatory compliance and customs filing; route and resource planning, execution and monitoring; access and leverage global trade and restricted party data; inventory and asset visibility; rate and transportation management, and warehouse operations.
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