The Descartes Systems Group Inc. (NASDAQ:DSGX) Receives $116.15 Consensus PT from Analysts

Shares of The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) have received an average recommendation of “Moderate Buy” from the fifteen brokerages that are presently covering the stock, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $116.15.

A number of research analysts have recently issued reports on DSGX shares. Canaccord Genuity Group set a $108.00 price objective on The Descartes Systems Group and gave the company a “buy” rating in a research note on Thursday, September 5th. Scotiabank boosted their price target on The Descartes Systems Group from $120.00 to $125.00 and gave the company a “sector outperform” rating in a research note on Wednesday, December 4th. Barclays upgraded The Descartes Systems Group from an “underweight” rating to an “equal weight” rating and increased their price target for the stock from $88.00 to $125.00 in a report on Friday, November 15th. 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 research note on Wednesday, December 4th. Finally, National Bank Financial upgraded shares of The Descartes Systems Group to a “strong-buy” rating in a research report on Wednesday, September 25th.

The Descartes Systems Group Stock Down 0.8 %

DSGX stock opened at $114.04 on Thursday. The firm has a market cap of $9.75 billion, a price-to-earnings ratio of 71.72 and a beta of 0.98. The company’s fifty day simple moving average is $113.75 and its 200 day simple moving average is $104.37. The Descartes Systems Group has a 12-month low of $79.21 and a 12-month high of $122.88.

Institutional Trading of The Descartes Systems Group

Several institutional investors and hedge funds have recently modified their holdings of DSGX. Avior Wealth Management LLC raised its holdings in shares of The Descartes Systems Group by 2.8% in the third quarter. Avior Wealth Management LLC now owns 4,273 shares of the technology company’s stock valued at $440,000 after purchasing an additional 117 shares during the last quarter. Legacy Wealth Asset Management LLC increased its stake in The Descartes Systems Group by 3.8% in the 3rd quarter. Legacy Wealth Asset Management LLC now owns 3,771 shares of the technology company’s stock valued at $388,000 after buying an additional 137 shares during the last quarter. Assetmark Inc. lifted its position in shares of The Descartes Systems Group by 3.5% during the 3rd quarter. Assetmark Inc. now owns 5,839 shares of the technology company’s stock worth $601,000 after buying an additional 197 shares in the last quarter. Parkside Financial Bank & Trust boosted its stake in shares of The Descartes Systems Group by 18.3% in the 2nd quarter. Parkside Financial Bank & Trust now owns 1,417 shares of the technology company’s stock worth $137,000 after buying an additional 219 shares during the last quarter. Finally, Stephens Inc. AR grew its holdings in shares of The Descartes Systems Group by 2.4% in the third quarter. Stephens Inc. AR now owns 10,086 shares of the technology company’s stock valued at $1,038,000 after acquiring an additional 238 shares in the last quarter. 77.73% of the stock is owned by hedge funds and other institutional investors.

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.