The Descartes Systems Group Inc. (NASDAQ:DSGX) Receives $88.44 Consensus Price Target from Analysts

The Descartes Systems Group Inc. (NASDAQ:DSGXGet Free Report) (TSE:DSG) has been assigned an average recommendation of “Hold” from the nine analysts that are presently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is $88.44.

Several research firms have recently weighed in on DSGX. Barclays raised their target price on The Descartes Systems Group from $65.00 to $71.00 and gave the company an “underperform” rating in a research report on Friday, December 1st. TD Securities raised their target price on The Descartes Systems Group from $91.00 to $95.00 and gave the company a “buy” rating in a research report on Wednesday, December 6th. CIBC raised their target price on The Descartes Systems Group from $76.00 to $85.00 and gave the company a “neutral” rating in a research report on Wednesday, December 6th. Stephens increased their price target on The Descartes Systems Group from $94.00 to $105.00 and gave the company an “overweight” rating in a report on Wednesday, December 6th. Finally, Wolfe Research upgraded The Descartes Systems Group from a “peer perform” rating to an “outperform” rating and set a $95.00 price objective on the stock in a research report on Wednesday, January 10th.

Get Our Latest Stock Analysis on The Descartes Systems Group

The Descartes Systems Group Trading Down 0.0 %

Shares of DSGX stock opened at $84.06 on Thursday. The company has a market capitalization of $7.15 billion, a P/E ratio of 64.17 and a beta of 1.00. The business’s 50 day moving average is $82.03 and its two-hundred day moving average is $77.28. The Descartes Systems Group has a 12-month low of $69.59 and a 12-month high of $86.18.

The Descartes Systems Group (NASDAQ:DSGXGet Free Report) (TSE:DSG) last released its earnings results on Tuesday, December 5th. The technology company reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.03). The firm had revenue of $144.70 million during the quarter, compared to analysts’ expectations of $144.17 million. The Descartes Systems Group had a net margin of 20.71% and a return on equity of 9.92%. The business’s revenue was up 19.1% compared to the same quarter last year. During the same quarter last year, the business earned $0.31 EPS. On average, research analysts predict that The Descartes Systems Group will post 1.3 earnings per share for the current fiscal year.

Institutional Investors Weigh In On The Descartes Systems Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Captrust Financial Advisors increased its stake in The Descartes Systems Group by 270.8% during the second quarter. Captrust Financial Advisors now owns 445 shares of the technology company’s stock worth $28,000 after acquiring an additional 325 shares during the last quarter. Operose Advisors LLC acquired a new stake in The Descartes Systems Group during the third quarter worth $35,000. Fred Alger Management LLC acquired a new stake in The Descartes Systems Group during the third quarter worth $30,000. Signaturefd LLC increased its stake in The Descartes Systems Group by 47.1% during the second quarter. Signaturefd LLC now owns 550 shares of the technology company’s stock worth $44,000 after acquiring an additional 176 shares during the last quarter. Finally, Federated Hermes Inc. acquired a new stake in The Descartes Systems Group during the third quarter worth $64,000. Institutional investors and hedge funds own 76.73% 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 solutions worldwide. The company's 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; e-commerce shipping and fulfillment; customs and regulatory compliance; 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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