Brokerages Set Descartes Systems Group Inc (NASDAQ:DSGX) Price Target at $42.43

Shares of Descartes Systems Group Inc (NASDAQ:DSGX) (TSE:DSG) have been assigned a consensus rating of “Hold” from the thirteen analysts that are currently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $42.43.

DSGX has been the topic of several recent research reports. BidaskClub raised Descartes Systems Group from a “strong sell” rating to a “sell” rating in a report on Thursday, August 22nd. Haywood Securities set a $44.00 target price on Descartes Systems Group and gave the stock a “buy” rating in a report on Thursday, September 5th. ValuEngine downgraded Descartes Systems Group from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 1st. Stephens started coverage on Descartes Systems Group in a research report on Monday, July 1st. They issued an “equal weight” rating and a $40.00 price objective for the company. Finally, TD Securities started coverage on Descartes Systems Group in a research report on Tuesday, June 11th. They issued a “buy” rating and a $46.00 price objective for the company.

Several hedge funds have recently bought and sold shares of the company. Price T Rowe Associates Inc. MD raised its position in shares of Descartes Systems Group by 14.5% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 13,402,856 shares of the technology company’s stock worth $495,393,000 after acquiring an additional 1,697,992 shares in the last quarter. Primecap Management Co. CA boosted its stake in shares of Descartes Systems Group by 63.4% in the 2nd quarter. Primecap Management Co. CA now owns 7,211,500 shares of the technology company’s stock worth $266,465,000 after buying an additional 2,798,500 shares during the last quarter. Conestoga Capital Advisors LLC boosted its stake in shares of Descartes Systems Group by 2.6% in the 2nd quarter. Conestoga Capital Advisors LLC now owns 3,539,198 shares of the technology company’s stock worth $130,773,000 after buying an additional 89,725 shares during the last quarter. Janus Henderson Group PLC boosted its stake in shares of Descartes Systems Group by 6.1% in the 2nd quarter. Janus Henderson Group PLC now owns 2,467,191 shares of the technology company’s stock worth $91,334,000 after buying an additional 140,860 shares during the last quarter. Finally, Bank of Montreal Can boosted its stake in shares of Descartes Systems Group by 9.3% in the 2nd quarter. Bank of Montreal Can now owns 2,164,596 shares of the technology company’s stock worth $79,982,000 after buying an additional 183,610 shares during the last quarter. 82.50% of the stock is owned by hedge funds and other institutional investors.

DSGX traded up $0.15 during midday trading on Thursday, hitting $39.81. 65,811 shares of the company were exchanged, compared to its average volume of 106,381. The firm has a market capitalization of $3.34 billion, a P/E ratio of 101.69 and a beta of 0.68. Descartes Systems Group has a 1-year low of $25.19 and a 1-year high of $41.60. The firm’s 50 day moving average price is $36.37 and its 200-day moving average price is $37.46. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.04.

Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last announced its earnings results on Wednesday, September 4th. The technology company reported $0.10 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.09 by $0.01. The firm had revenue of $80.54 million for the quarter, compared to the consensus estimate of $80.32 million. Descartes Systems Group had a return on equity of 5.28% and a net margin of 10.58%. The business’s quarterly revenue was up 20.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.11 EPS. On average, sell-side analysts predict that Descartes Systems Group will post 0.38 earnings per share for the current fiscal year.

About Descartes Systems Group

The Descartes Systems Group Inc provides federated network and logistics technology solutions worldwide. Its Logistics Application Suite offers a range of modular, cloud-based, and interoperable Web and wireless logistics management applications. The company's Logistics Application Suite offers solutions, such as route planning and execution, mobile applications, and telematics and compliance; transportation management solutions comprising carrier compliance and rate management, freight audit and settlement, dock scheduling and yard management, pool distribution, transportation planning and execution, and logistics flow control, as well as visibility, tracking, and performance management; and global logistics network services, such as document management, community, and connectivity services.

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Analyst Recommendations for Descartes Systems Group (NASDAQ:DSGX)

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