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Equities research analysts at Mackie initiated coverage on shares of Descartes Systems Group (TSE:DSG) in a research note issued to investors on Friday, ARN reports. The firm set a “buy” rating and a C$18.00 price target on the stock. Mackie’s price target would suggest a potential upside of 19.21% from the company’s current price.

Descartes Systems Group (TSE:DSG) traded up 0.07% during mid-day trading on Friday, hitting $15.11. The stock had a trading volume of 51,781 shares. Descartes Systems Group has a 52 week low of $9.06 and a 52 week high of $15.59. The stock has a 50-day moving average of $14.33 and a 200-day moving average of $12.80. The company has a market cap of $948.5 million and a P/E ratio of 60.40.

Descartes Systems Group (TSE:DSG) last issued its quarterly earnings data on Wednesday, December 4th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by $0.01. During the same quarter in the previous year, the company posted $0.16 earnings per share. Analysts expect that Descartes Systems Group will post $0.14 EPS for the current fiscal year.

DSG has been the subject of a number of other recent research reports. Analysts at Pi Financial raised their price target on shares of Descartes Systems Group from C$16.50 to C$17.00 in a research note to investors on Wednesday, January 1st. Finally, analysts at Canaccord Genuity raised their price target on shares of Descartes Systems Group from C$13.00 to C$17.00 in a research note to investors on Thursday, December 5th. They now have a “buy” rating on the stock.

The Descartes Systems Group Inc (TSE:DSG) 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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