The Descartes Systems Group Inc. (NASDAQ:DSGX) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) have been given a consensus rating of “Moderate Buy” by the fourteen research firms that are covering the stock, MarketBeat Ratings reports. Four analysts have rated the stock with a hold recommendation, nine have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $117.92.

A number of brokerages have recently commented on DSGX. Barclays upgraded shares of The Descartes Systems Group from an “underweight” rating to an “equal weight” rating and lifted their price target for the stock from $88.00 to $125.00 in a research note on Friday, November 15th. StockNews.com lowered shares of The Descartes Systems Group from a “buy” rating to a “hold” rating in a research note on Wednesday, January 15th. TD Securities increased their price target on The Descartes Systems Group from $115.00 to $135.00 and gave the company a “buy” rating in a report on Wednesday, December 4th. BMO Capital Markets upped their price objective on The Descartes Systems Group from $104.00 to $120.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th. Finally, Scotiabank raised their target price on The Descartes Systems Group from $120.00 to $125.00 and gave the stock a “sector outperform” rating in a research report on Wednesday, December 4th.

Hedge Funds Weigh In On The Descartes Systems Group

Several large investors have recently added to or reduced their stakes in the company. Conestoga Capital Advisors LLC raised its position in shares of The Descartes Systems Group by 1.7% during the 3rd quarter. Conestoga Capital Advisors LLC now owns 3,168,594 shares of the technology company’s stock valued at $326,238,000 after purchasing an additional 52,485 shares during the period. Fiera Capital Corp raised its holdings in The Descartes Systems Group by 0.8% during the third quarter. Fiera Capital Corp now owns 2,578,648 shares of the technology company’s stock valued at $265,692,000 after acquiring an additional 19,817 shares during the period. Mackenzie Financial Corp lifted its position in shares of The Descartes Systems Group by 4.5% in the second quarter. Mackenzie Financial Corp now owns 2,134,228 shares of the technology company’s stock valued at $206,807,000 after acquiring an additional 91,301 shares in the last quarter. Bank of Montreal Can lifted its position in shares of The Descartes Systems Group by 1.4% in the second quarter. Bank of Montreal Can now owns 1,545,027 shares of the technology company’s stock valued at $147,434,000 after acquiring an additional 21,105 shares in the last quarter. Finally, Geneva Capital Management LLC boosted its stake in shares of The Descartes Systems Group by 1.3% in the third quarter. Geneva Capital Management LLC now owns 1,476,659 shares of the technology company’s stock worth $152,037,000 after acquiring an additional 19,002 shares during the period. Hedge funds and other institutional investors own 77.73% of the company’s stock.

The Descartes Systems Group Trading Down 0.6 %

DSGX stock opened at $119.13 on Monday. The stock’s 50 day simple moving average is $116.00 and its 200 day simple moving average is $106.98. The Descartes Systems Group has a 12-month low of $84.12 and a 12-month high of $122.88. The stock has a market capitalization of $10.19 billion, a PE ratio of 74.92 and a beta of 0.99.

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last announced 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 period in the prior year, the company earned $0.31 EPS. On average, research analysts predict that The Descartes Systems Group will post 1.64 earnings per share for the current year.

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.