The Descartes Systems Group (NASDAQ:DSGX) Upgraded to “Buy” at StockNews.com

The Descartes Systems Group (NASDAQ:DSGXGet Free Report) (TSE:DSG) was upgraded by investment analysts at StockNews.com from a “hold” rating to a “buy” rating in a note issued to investors on Wednesday.

Several other research firms also recently weighed in on DSGX. Scotiabank upped their price target on The Descartes Systems Group from $120.00 to $125.00 and gave the stock a “sector outperform” rating in a research note on Wednesday, December 4th. BMO Capital Markets increased their target price on The Descartes Systems Group from $104.00 to $120.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 4th. Royal Bank of Canada lifted their price target on The Descartes Systems Group from $115.00 to $133.00 and gave the stock an “outperform” rating in a research report on Friday, November 29th. Barclays upgraded shares of The Descartes Systems Group from an “underweight” rating to an “equal weight” rating and raised their price objective for the company from $88.00 to $125.00 in a research note on Friday, November 15th. Finally, TD Securities upped their target price on shares of The Descartes Systems Group from $115.00 to $135.00 and gave the stock a “buy” rating in a research note on Wednesday, December 4th. Four equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $117.92.

Check Out Our Latest Report on DSGX

The Descartes Systems Group Trading Up 1.3 %

Shares of The Descartes Systems Group stock opened at $117.46 on Wednesday. The Descartes Systems Group has a 12 month low of $84.12 and a 12 month high of $122.88. The firm has a market capitalization of $10.05 billion, a P/E ratio of 73.87 and a beta of 0.99. The business has a fifty day simple moving average of $116.25 and a two-hundred day simple moving average of $107.44.

The Descartes Systems Group (NASDAQ:DSGXGet Free Report) (TSE:DSG) last issued its quarterly earnings results on Tuesday, December 3rd. The technology company reported $0.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.02). The Descartes Systems Group had a net margin of 21.80% and a return on equity of 10.65%. During the same quarter in the previous year, the firm earned $0.31 EPS. Analysts predict that The Descartes Systems Group will post 1.64 earnings per share for the current year.

Institutional Trading of The Descartes Systems Group

A number of hedge funds have recently bought and sold shares of the company. Allworth Financial LP boosted its position in The Descartes Systems Group by 39.8% in the fourth quarter. Allworth Financial LP now owns 639 shares of the technology company’s stock worth $77,000 after purchasing an additional 182 shares during the last quarter. Vista Finance LLC purchased a new position in shares of The Descartes Systems Group in the fourth quarter worth approximately $331,000. Vontobel Holding Ltd. grew its position in The Descartes Systems Group by 104.5% during the fourth quarter. Vontobel Holding Ltd. now owns 430,016 shares of the technology company’s stock valued at $48,819,000 after buying an additional 219,736 shares during the period. Legato Capital Management LLC increased its holdings in The Descartes Systems Group by 8.0% during the fourth quarter. Legato Capital Management LLC now owns 11,019 shares of the technology company’s stock valued at $1,252,000 after buying an additional 813 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC raised its position in The Descartes Systems Group by 18.2% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 665,134 shares of the technology company’s stock worth $75,498,000 after acquiring an additional 102,208 shares during the period. Hedge funds and other institutional investors own 77.73% of the company’s stock.

The Descartes Systems Group Company Profile

(Get Free Report)

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.

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Analyst Recommendations for The Descartes Systems Group (NASDAQ:DSGX)

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