Descartes Systems Group Reaches New 12-Month High at $15.71 (DSGX)
Descartes Systems Group (NASDAQ:DSGX)’s share price reached a new 52-week high during trading hours on Monday, AnalystRatings.Net reports. The company traded as high as $15.71 and last traded at $15.71, with a volume of 11,842 shares traded. The stock had previously closed at $13.20.
Several analysts have recently commented on the stock. Analysts at CIBC reiterated a “sector perform” rating on shares of Descartes Systems Group in a research note to investors on Thursday, December 5th. Separately, analysts at Paradigm Capital raised their price target on shares of Descartes Systems Group from $13.00 to $15.00 in a research note to investors on Thursday, November 14th. They now have a “buy” rating on the stock. Finally, analysts at Cantor Fitzgerald raised their price target on shares of Descartes Systems Group from $13.00 to $15.00 in a research note to investors on Thursday, November 14th. They now have a “buy” rating on the stock. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company has an average rating of “Buy” and an average price target of $13.56.
Descartes Systems Group has a 52-week low of $8.75 and a 52-week high of $15.71. The stock’s 50-day moving average is $13.33 and its 200-day moving average is $12.05. The company has a market cap of $986.1 million and a P/E ratio of 60.00.
Descartes Systems Group (NASDAQ:DSGX) last posted its quarterly earnings results on Wednesday, December 4th. The company reported $0.03 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.04 by $0.01. The company had revenue of $38.80 million for the quarter, compared to the consensus estimate of $38.36 million. Analysts expect that Descartes Systems Group will post $0.14 EPS for the current fiscal year.
The Descartes Systems Group Inc (NASDAQ:DSGX) is a global provider of federated network and global logistics technology solutions that help its customers make and receive shipments and manage related resources.
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