The Descartes Systems Group (NASDAQ:DSGX) Lifted to “Strong-Buy” at National Bank Financial

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) was upgraded by equities researchers at National Bank Financial to a “strong-buy” rating in a research report issued on Wednesday, Zacks.com reports.

DSGX has been the topic of several other reports. Raymond James increased their target price on The Descartes Systems Group from $94.00 to $96.00 and gave the company a “market perform” rating in a research note on Friday, May 31st. TD Securities increased their target price on The Descartes Systems Group from $110.00 to $115.00 and gave the company a “buy” rating in a report on Thursday, May 30th. Canaccord Genuity Group set a $108.00 target price on The Descartes Systems Group and gave the stock a “buy” rating in a research report on Thursday, September 5th. National Bankshares set a $125.00 price objective on shares of The Descartes Systems Group and gave the stock an “outperform” rating in a research note on Thursday. Finally, Stephens boosted their target price on shares of The Descartes Systems Group from $107.00 to $110.00 and gave the company an “overweight” rating in a research report on Thursday, May 30th. One analyst has rated the stock with a sell rating, four have given a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $104.83.

The Descartes Systems Group Trading Down 2.6 %

NASDAQ DSGX opened at $102.18 on Wednesday. The stock’s fifty day moving average price is $99.17 and its 200-day moving average price is $96.35. The stock has a market cap of $8.72 billion, a P/E ratio of 72.99 and a beta of 0.98. The Descartes Systems Group has a 12 month low of $69.59 and a 12 month high of $105.12.

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last issued its earnings results on Wednesday, September 4th. The technology company reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.03). The firm had revenue of $163.43 million during the quarter, compared to analysts’ expectations of $160.17 million. The Descartes Systems Group had a return on equity of 10.21% and a net margin of 21.02%. The firm’s quarterly revenue was up 14.0% on a year-over-year basis. During the same period last year, the firm posted $0.32 earnings per share. As a group, analysts forecast that The Descartes Systems Group will post 1.67 earnings per share for the current fiscal year.

Institutional Trading of The Descartes Systems Group

Hedge funds have recently bought and sold shares of the stock. Brown Brothers Harriman & Co. bought a new stake in The Descartes Systems Group in the fourth quarter worth $27,000. Central Pacific Bank Trust Division bought a new position in shares of The Descartes Systems Group in the 1st quarter valued at about $28,000. Accent Capital Management LLC purchased a new position in The Descartes Systems Group in the fourth quarter worth about $32,000. Whittier Trust Co. of Nevada Inc. lifted its stake in shares of The Descartes Systems Group by 703.3% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 490 shares of the technology company’s stock valued at $45,000 after purchasing an additional 429 shares during the last quarter. Finally, Park Place Capital Corp increased its position in shares of The Descartes Systems Group by 48.5% during the 1st quarter. Park Place Capital Corp now owns 671 shares of the technology company’s stock valued at $61,000 after purchasing an additional 219 shares during the last quarter. Hedge funds and other institutional investors own 77.73% of the company’s stock.

About The Descartes Systems Group

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.