The Descartes Systems Group Inc. (NASDAQ:DSGX) Receives $120.33 Average PT from Analysts

Shares of The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) have earned an average rating of “Moderate Buy” from the fourteen brokerages that are currently covering the firm, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $120.33.

A number of equities analysts have recently weighed in on DSGX shares. Stephens dropped their target price on The Descartes Systems Group from $145.00 to $137.00 and set an “overweight” rating on the stock in a report on Thursday, March 6th. Barclays dropped their target price on The Descartes Systems Group from $125.00 to $118.00 and set an “equal weight” rating on the stock in a report on Thursday, March 6th. BMO Capital Markets dropped their target price on The Descartes Systems Group from $120.00 to $113.00 and set a “market perform” rating on the stock in a report on Thursday, March 6th. TD Securities upped their target price 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. Finally, Loop Capital started coverage on The Descartes Systems Group in a report on Tuesday, December 17th. They issued a “buy” rating and a $140.00 target price on the stock.

Hedge Funds Weigh In On The Descartes Systems Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. SBI Securities Co. Ltd. acquired a new position in The Descartes Systems Group during the fourth quarter valued at approximately $43,000. Jane Street Group LLC grew its holdings in The Descartes Systems Group by 20.4% during the third quarter. Jane Street Group LLC now owns 13,290 shares of the technology company’s stock valued at $1,368,000 after purchasing an additional 2,250 shares during the last quarter. Plato Investment Management Ltd acquired a new position in The Descartes Systems Group during the third quarter valued at approximately $2,308,000. Massachusetts Financial Services Co. MA grew its holdings in The Descartes Systems Group by 2.1% during the third quarter. Massachusetts Financial Services Co. MA now owns 470,631 shares of the technology company’s stock valued at $48,456,000 after purchasing an additional 9,768 shares during the last quarter. Finally, Barclays PLC grew its holdings in The Descartes Systems Group by 2.8% during the third quarter. Barclays PLC now owns 10,008 shares of the technology company’s stock valued at $1,031,000 after purchasing an additional 270 shares during the last quarter. Institutional investors and hedge funds own 77.73% of the company’s stock.

The Descartes Systems Group Trading Up 0.8 %

DSGX stock opened at $100.21 on Tuesday. The Descartes Systems Group has a one year low of $87.20 and a one year high of $124.31. The firm has a market capitalization of $8.58 billion, a PE ratio of 63.03 and a beta of 0.99. The firm has a 50-day moving average of $112.73 and a two-hundred day moving average of $110.18.

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last posted its quarterly earnings data on Wednesday, March 5th. The technology company reported $0.43 EPS for the quarter, meeting analysts’ consensus estimates of $0.43. The Descartes Systems Group had a net margin of 21.80% and a return on equity of 10.65%. The company had revenue of $167.50 million during the quarter, compared to analyst estimates of $169.97 million. On average, equities research analysts anticipate 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.