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Shares of Descartes Systems Group (NASDAQ:DSGX) have earned an average recommendation of “Buy” from the twelve ratings firms that are presently covering the stock, American Banking & Market News reports. Two research analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $15.11.

Descartes Systems Group (NASDAQ:DSGX) opened at 14.41 on Monday. Descartes Systems Group has a one year low of $10.48 and a one year high of $15.71. The stock’s 50-day moving average is $13.88 and its 200-day moving average is $13.81. The company has a market cap of $919.8 million and a P/E ratio of 86.87.

Descartes Systems Group (NASDAQ:DSGX) last posted its quarterly earnings results on Thursday, May 29th. The company reported $0.06 earnings per share for the quarter, meeting the analysts’ 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. Analysts expect that Descartes Systems Group will post $0.25 EPS for the current fiscal year.

Several analysts have recently commented on the stock. Analysts at Barclays initiated coverage on shares of Descartes Systems Group in a research note on Monday. They set an “overweight” rating and a $16.00 price target 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.

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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