Descartes Systems Group (DSG) Given Average Rating of “Buy” by Analysts

Descartes Systems Group (TSE:DSG) (NASDAQ:DSGX) has received an average recommendation of “Buy” from the seven research firms that are presently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average twelve-month price target among brokers that have covered the stock in the last year is C$35.57.

Separately, Barclays boosted their price objective on Descartes Systems Group from C$42.00 to C$43.00 in a research note on Tuesday, March 6th.

In other news, insider Raimond Diederik sold 11,777 shares of the company’s stock in a transaction dated Thursday, March 22nd. The stock was sold at an average price of C$37.77, for a total transaction of C$444,817.29. Also, insider Robert Parker sold 23,526 shares of the company’s stock in a transaction dated Tuesday, March 13th. The shares were sold at an average price of C$37.17, for a total value of C$874,461.42.

Shares of TSE:DSG traded down C$0.49 during midday trading on Wednesday, reaching C$37.58. The company had a trading volume of 79,894 shares, compared to its average volume of 145,482. Descartes Systems Group has a 52-week low of C$30.29 and a 52-week high of C$39.91.

Descartes Systems Group (TSE:DSG) (NASDAQ:DSGX) last issued its quarterly earnings results on Monday, March 5th. The company reported C$0.11 earnings per share for the quarter, missing the Zacks’ consensus estimate of C$0.13 by C($0.02). The company had revenue of C$80.78 million during the quarter, compared to analysts’ expectations of C$81.08 million. Descartes Systems Group had a return on equity of 5.28% and a net margin of 9.95%.

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About Descartes Systems Group

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Analyst Recommendations for Descartes Systems Group (TSE:DSG)

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