The Descartes Systems Group (NASDAQ:DSGX) Price Target Cut to $137.00 by Analysts at Stephens

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) had its price objective decreased by equities research analysts at Stephens from $145.00 to $137.00 in a report issued on Thursday,Benzinga reports. The brokerage presently has an “overweight” rating on the technology company’s stock. Stephens’ price objective suggests a potential upside of 33.56% from the company’s previous close.

DSGX has been the topic of a number of other reports. Loop Capital began coverage on shares of The Descartes Systems Group in a research report on Tuesday, December 17th. They set a “buy” rating and a $140.00 target price on the stock. BMO Capital Markets increased their price objective on shares of The Descartes Systems Group from $104.00 to $120.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. TD Securities increased their price objective on shares of The Descartes Systems Group from $115.00 to $135.00 and gave the company a “buy” rating in a report on Wednesday, December 4th. Barclays cut their price objective on shares of The Descartes Systems Group from $125.00 to $118.00 and set an “equal weight” rating on the stock in a report on Thursday. Finally, StockNews.com lowered shares of The Descartes Systems Group from a “buy” rating to a “hold” rating in a report on Thursday, February 6th. Five research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $119.58.

The Descartes Systems Group Stock Performance

NASDAQ:DSGX opened at $102.58 on Thursday. The company has a market cap of $8.78 billion, a price-to-earnings ratio of 64.97 and a beta of 0.99. The firm’s 50-day moving average is $114.83 and its 200-day moving average is $110.17. The Descartes Systems Group has a 52-week low of $87.20 and a 52-week high of $124.31.

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last announced its earnings results on Wednesday, March 5th. The technology company reported $0.43 earnings per share (EPS) for the quarter, hitting 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 for the quarter, compared to analyst estimates of $169.97 million. Equities analysts predict that The Descartes Systems Group will post 1.64 EPS for the current year.

Institutional Investors Weigh In On The Descartes Systems Group

Large investors have recently made changes to their positions in the stock. Mather Group LLC. increased its position in shares of The Descartes Systems Group by 301.7% during the fourth quarter. Mather Group LLC. now owns 241 shares of the technology company’s stock worth $27,000 after acquiring an additional 181 shares in the last quarter. GeoWealth Management LLC increased its position in shares of The Descartes Systems Group by 63.2% during the fourth quarter. GeoWealth Management LLC now owns 341 shares of the technology company’s stock worth $39,000 after acquiring an additional 132 shares in the last quarter. SBI Securities Co. Ltd. bought a new stake in shares of The Descartes Systems Group during the fourth quarter worth $43,000. Trust Co. of Vermont bought a new stake in shares of The Descartes Systems Group during the fourth quarter worth $54,000. Finally, Mitsubishi UFJ Trust & Banking Corp bought a new stake in shares of The Descartes Systems Group during the fourth quarter worth $57,000. Institutional investors own 77.73% of the company’s stock.

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.