The Descartes Systems Group (NASDAQ:DSGX) Price Target Increased to $94.00 by Analysts at Raymond James

The Descartes Systems Group (NASDAQ:DSGXFree Report) (TSE:DSG) had its price target increased by Raymond James from $84.00 to $94.00 in a report published on Thursday, BayStreet.CA reports. Raymond James currently has a market perform rating on the technology company’s stock.

A number of other research firms have also commented on DSGX. Wolfe Research upgraded shares of 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 note on Wednesday, January 10th. Barclays raised their target price on shares of The Descartes Systems Group from $71.00 to $75.00 and gave the stock an underweight rating in a report on Tuesday, February 20th. Stephens raised their target price on shares of The Descartes Systems Group from $105.00 to $107.00 and gave the stock an overweight rating in a report on Thursday. TD Securities raised their target price on shares of The Descartes Systems Group from $91.00 to $95.00 and gave the stock a buy rating in a report on Wednesday, December 6th. Finally, Scotiabank raised their target price on shares of The Descartes Systems Group from $95.00 to $100.00 and gave the stock a sector outperform rating in a report on Thursday. One research analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of Moderate Buy and a consensus target price of $97.78.

Check Out Our Latest Research Report on The Descartes Systems Group

The Descartes Systems Group Price Performance

NASDAQ DSGX opened at $91.59 on Thursday. The Descartes Systems Group has a 12 month low of $69.59 and a 12 month high of $93.57. The firm has a market capitalization of $7.80 billion, a PE ratio of 68.35 and a beta of 0.94. The company’s 50 day simple moving average is $86.30 and its 200 day simple moving average is $80.03.

The Descartes Systems Group (NASDAQ:DSGXGet Free Report) (TSE:DSG) last posted its quarterly earnings data on Wednesday, March 6th. The technology company reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.07. The Descartes Systems Group had a net margin of 20.23% and a return on equity of 9.95%. The business had revenue of $148.20 million for the quarter, compared to analyst estimates of $146.62 million. During the same quarter last year, the business earned $0.34 earnings per share. The business’s revenue for the quarter was up 18.5% on a year-over-year basis. Sell-side analysts anticipate that The Descartes Systems Group will post 1.63 earnings per share for the current fiscal year.

Hedge Funds Weigh In On The Descartes Systems Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. boosted its stake in The Descartes Systems Group by 24.2% in the 4th quarter. Goldman Sachs Group Inc. now owns 509,683 shares of the technology company’s stock worth $42,844,000 after purchasing an additional 99,268 shares during the period. Zeno Equity Partners LLP acquired a new position in The Descartes Systems Group in the 4th quarter worth approximately $11,108,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new position in The Descartes Systems Group in the 4th quarter worth approximately $1,048,000. Legal & General Group Plc boosted its stake in The Descartes Systems Group by 23.4% in the 4th quarter. Legal & General Group Plc now owns 510,368 shares of the technology company’s stock worth $43,090,000 after purchasing an additional 96,627 shares during the period. Finally, Barclays PLC boosted its stake in The Descartes Systems Group by 48.5% in the 4th quarter. Barclays PLC now owns 2,465 shares of the technology company’s stock worth $208,000 after purchasing an additional 805 shares during the period. Institutional investors and hedge funds own 76.73% of the company’s stock.

The Descartes Systems Group Company Profile

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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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