The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG)‘s stock had its “hold” rating restated by investment analysts at BMO Capital Markets in a research note issued on Thursday. They presently have a $26.00 target price on the technology company’s stock. BMO Capital Markets’ price objective would indicate a potential downside of 4.76% from the stock’s previous close.

DSGX has been the topic of a number of other reports. Canaccord Genuity restated a “buy” rating and issued a $28.00 price objective on shares of The Descartes Systems Group in a report on Thursday. Zacks Investment Research lowered shares of The Descartes Systems Group from a “buy” rating to a “hold” rating in a report on Wednesday, June 7th. TD Securities restated a “buy” rating and issued a $29.00 price objective (up from $25.00) on shares of The Descartes Systems Group in a report on Wednesday, May 31st. Scotiabank raised their price objective on shares of The Descartes Systems Group from $24.00 to $38.00 and gave the company an “outperform” rating in a report on Thursday, June 1st. Finally, Morgan Stanley reiterated an “equal weight” rating and set a $27.00 price target (up from $25.00) on shares of The Descartes Systems Group in a research note on Thursday, June 1st. Four research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $30.33.

Shares of The Descartes Systems Group (NASDAQ DSGX) traded down 0.37% during trading on Thursday, hitting $27.20. The stock had a trading volume of 194,106 shares. The Descartes Systems Group has a one year low of $20.20 and a one year high of $27.55. The stock has a market cap of $2.07 billion, a P/E ratio of 85.00 and a beta of 0.58. The stock’s 50 day moving average price is $25.20 and its 200-day moving average price is $23.65.

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last announced its quarterly earnings data on Wednesday, May 31st. The technology company reported $0.09 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.10 by $0.01. The Descartes Systems Group had a net margin of 11.80% and a return on equity of 5.78%. The firm had revenue of $54.51 million during the quarter, compared to analyst estimates of $54.09 million. Analysts expect that The Descartes Systems Group will post $0.42 earnings per share for the current fiscal year.

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A number of large investors have recently made changes to their positions in the company. State of Tennessee Treasury Department increased its position in shares of The Descartes Systems Group by 22.5% in the first quarter. State of Tennessee Treasury Department now owns 100,700 shares of the technology company’s stock valued at $2,300,000 after buying an additional 18,500 shares during the last quarter. Parametric Portfolio Associates LLC increased its position in shares of The Descartes Systems Group by 3.9% in the first quarter. Parametric Portfolio Associates LLC now owns 17,589 shares of the technology company’s stock valued at $403,000 after buying an additional 654 shares during the last quarter. TFS Capital LLC acquired a new position in shares of The Descartes Systems Group during the first quarter valued at about $355,000. Ameriprise Financial Inc. increased its position in shares of The Descartes Systems Group by 91.2% in the first quarter. Ameriprise Financial Inc. now owns 179,775 shares of the technology company’s stock valued at $4,117,000 after buying an additional 85,750 shares during the last quarter. Finally, UBS Asset Management Americas Inc. increased its position in shares of The Descartes Systems Group by 126.6% in the first quarter. UBS Asset Management Americas Inc. now owns 37,611 shares of the technology company’s stock valued at $859,000 after buying an additional 21,011 shares during the last quarter. Hedge funds and other institutional investors own 77.35% of the company’s stock.

About The Descartes Systems Group

Descartes Systems Group Inc (Descartes) is a Canada-based global provider of federated network and global logistics technology solutions that help its customers make and receive shipments and manage related resources. The Company’s network-based solutions, which primarily consist of services and software, connect people to their trading partners and enable business document exchange (bookings, bills of lading, status messages); regulatory compliance and customs filing; route and resource planning, execution and monitoring; access and leverage global trade and restricted party data; inventory and asset visibility; rate and transportation management, and warehouse operations.

Analyst Recommendations for The Descartes Systems Group (NASDAQ:DSGX)

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