The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) had its price objective boosted by research analysts at Raymond James Financial, Inc. from $27.50 to $38.00 in a report released on Thursday. The brokerage presently has an “outperform” rating on the technology company’s stock. Raymond James Financial, Inc.’s price target suggests a potential upside of 33.80% from the stock’s current price.

Other equities research analysts also recently issued reports about the company. BMO Capital Markets reiterated a “hold” rating and issued a $29.00 price target (up from $26.00) on shares of The Descartes Systems Group in a report on Thursday. Canaccord Genuity increased their target price on The Descartes Systems Group from $28.00 to $30.00 and gave the company a “buy” rating in a research report on Thursday. Royal Bank Of Canada increased their target price on The Descartes Systems Group from $27.00 to $32.00 and gave the company an “outperform” rating in a research report on Thursday, August 31st. Zacks Investment Research raised The Descartes Systems Group from a “hold” rating to a “buy” rating and set a $30.00 target price on the stock in a research report on Wednesday, August 23rd. Finally, BidaskClub raised The Descartes Systems Group from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 5th. Three research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $29.67.

Shares of The Descartes Systems Group (NASDAQ:DSGX) traded up 0.968% during mid-day trading on Thursday, hitting $28.675. The stock had a trading volume of 175,829 shares. The company has a market cap of $2.18 billion, a PE ratio of 89.609 and a beta of 0.56. The Descartes Systems Group has a 12 month low of $20.20 and a 12 month high of $29.25. The stock’s 50-day moving average is $26.48 and its 200 day moving average is $24.24.

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last posted its quarterly earnings data on Wednesday, September 6th. The technology company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by $0.01. The company had revenue of $57.29 million during the quarter, compared to the consensus estimate of $55.74 million. The Descartes Systems Group had a net margin of 11.80% and a return on equity of 5.78%. On average, equities research analysts forecast that The Descartes Systems Group will post $0.43 earnings per share for the current fiscal year.

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Hedge funds and other institutional investors have recently made changes to their positions in the business. US Bancorp DE increased its position in shares of The Descartes Systems Group by 89.6% during the first quarter. US Bancorp DE now owns 4,825 shares of the technology company’s stock worth $110,000 after acquiring an additional 2,280 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in The Descartes Systems Group by 20.4% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,066 shares of the technology company’s stock valued at $123,000 after buying an additional 860 shares during the last quarter. Legal & General Group Plc increased its holdings in The Descartes Systems Group by 6.8% in the second quarter. Legal & General Group Plc now owns 7,795 shares of the technology company’s stock valued at $189,000 after buying an additional 495 shares during the last quarter. Shell Asset Management Co. increased its holdings in The Descartes Systems Group by 0.4% in the first quarter. Shell Asset Management Co. now owns 7,912 shares of the technology company’s stock valued at $241,000 after buying an additional 32 shares during the last quarter. Finally, Envestnet Asset Management Inc. increased its holdings in The Descartes Systems Group by 34.6% in the first quarter. Envestnet Asset Management Inc. now owns 10,015 shares of the technology company’s stock valued at $229,000 after buying an additional 2,573 shares during the last quarter. 79.10% of the stock is currently owned by institutional investors.

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. Its 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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