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Shares of Descartes Systems Group (NASDAQ:DSGX) have received an average recommendation of “Buy” from the twelve brokerages that are covering the stock, American Banking News.com reports. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $15.00.

A number of research firms have recently commented on DSGX. Analysts at Barclays initiated coverage on shares of Descartes Systems Group in a research note on Monday. They set an “overweight” rating on the stock. Analysts at Cantor Fitzgerald reiterated a “buy” rating on shares of Descartes Systems Group in a research note on Thursday, July 3rd. They now have a $15.00 price target on the stock, down previously from $15.50.

Shares of Descartes Systems Group (NASDAQ:DSGX) traded up 1.97% on Monday, hitting $14.265. The stock had a trading volume of 6,154 shares. Descartes Systems Group has a 52-week low of $10.46 and a 52-week high of $15.71. The stock has a 50-day moving average of $13.8 and a 200-day moving average of $13.8. The company has a market cap of $910.5 million and a P/E ratio of 84.28.

Descartes Systems Group (NASDAQ:DSGX) last released its earnings data on Thursday, May 29th. The company reported $0.06 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.06. The company had revenue of $40.80 million for the quarter, compared to the consensus estimate of $40.73 million. On average, analysts predict that Descartes Systems Group will post $0.25 earnings per share 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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