The Descartes Systems Group Inc. (NASDAQ:DSGX – Get Free Report) (TSE:DSG) has been assigned a consensus recommendation of “Moderate Buy” from the twelve analysts that are currently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, three have issued a hold rating and eight have issued a buy rating on the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $103.00.
Several equities research analysts have commented on the stock. Stephens boosted their target price on shares of The Descartes Systems Group from $107.00 to $110.00 and gave the stock an “overweight” rating in a research report on Thursday, May 30th. Barclays upped their target price on shares of The Descartes Systems Group from $87.00 to $88.00 and gave the stock an “underweight” rating in a research report on Thursday, September 5th. TD Securities lifted their price target on shares of The Descartes Systems Group from $110.00 to $115.00 and gave the company a “buy” rating in a research report on Thursday, May 30th. BMO Capital Markets lifted their target price on shares of The Descartes Systems Group from $100.00 to $104.00 and gave the stock a “market perform” rating in a research report on Thursday, September 5th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $115.00 price objective on shares of The Descartes Systems Group in a research note on Thursday, September 5th.
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The Descartes Systems Group Price Performance
The Descartes Systems Group stock opened at $99.55 on Tuesday. The business has a 50 day simple moving average of $98.89 and a 200-day simple moving average of $95.63. The Descartes Systems Group has a 12 month low of $69.59 and a 12 month high of $104.71. The stock has a market capitalization of $8.50 billion, a PE ratio of 71.11 and a beta of 0.98.
The Descartes Systems Group (NASDAQ:DSGX – Get Free Report) (TSE:DSG) last released its earnings results on Wednesday, September 4th. The technology company reported $0.40 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 analyst estimates 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 revenue was up 14.0% on a year-over-year basis. During the same quarter last year, the business posted $0.32 EPS. As a group, equities research analysts anticipate that The Descartes Systems Group will post 1.67 EPS for the current year.
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.
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