The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) had its target price upped by equities research analysts at Scotiabank from $28.00 to $36.00 in a research note issued on Thursday. The firm currently has an “outperform” rating on the technology company’s stock. Scotiabank’s price target suggests a potential upside of 26.76% from the stock’s previous close.

Several other research analysts have also commented on DSGX. Canaccord Genuity restated a “buy” rating and set a $26.00 price target on shares of The Descartes Systems Group in a research note on Thursday, May 25th. TD Securities restated a “buy” rating and set a $29.00 price target (up previously from $25.00) on shares of The Descartes Systems Group in a research note on Wednesday, May 31st. BMO Capital Markets restated a “market perform” rating and set a $35.00 price target on shares of The Descartes Systems Group in a research note on Thursday, June 1st. Raymond James Financial, Inc. increased their price target on shares of The Descartes Systems Group from $24.50 to $37.00 and gave the stock an “outperform” rating in a research note on Thursday, June 1st. Finally, Morgan Stanley restated an “equal weight” rating and set a $27.00 price target (up previously from $25.00) on shares of The Descartes Systems Group in a research note on Thursday, June 1st. Three analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $30.44.

The Descartes Systems Group (NASDAQ:DSGX) traded up 0.968% during mid-day trading on Thursday, reaching $28.675. 175,829 shares of the company’s stock traded hands. The company has a market capitalization of $2.18 billion, a price-to-earnings ratio of 89.609 and a beta of 0.56. The Descartes Systems Group has a 52-week low of $20.20 and a 52-week high of $29.25. The company has a 50-day moving average of $26.48 and a 200-day moving average of $24.24.

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last announced its quarterly earnings results on Wednesday, September 6th. The technology company reported $0.09 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.10 by $0.01. The Descartes Systems Group had a return on equity of 5.78% and a net margin of 11.80%. The business had revenue of $57.29 million for the quarter, compared to analyst estimates of $55.74 million. Equities research analysts expect that The Descartes Systems Group will post $0.43 EPS for the current year.

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Several hedge funds and other institutional investors have recently bought and sold shares of DSGX. US Bancorp DE boosted its holdings in shares of The Descartes Systems Group by 89.6% during the 1st quarter. US Bancorp DE now owns 4,825 shares of the technology company’s stock worth $110,000 after buying an additional 2,280 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of The Descartes Systems Group by 20.4% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,066 shares of the technology company’s stock worth $123,000 after buying an additional 860 shares during the period. Legal & General Group Plc boosted its holdings in shares of The Descartes Systems Group by 6.8% during the 2nd quarter. Legal & General Group Plc now owns 7,795 shares of the technology company’s stock worth $189,000 after buying an additional 495 shares during the period. Envestnet Asset Management Inc. boosted its holdings in shares of The Descartes Systems Group by 34.6% during the 1st quarter. Envestnet Asset Management Inc. now owns 10,015 shares of the technology company’s stock worth $229,000 after buying an additional 2,573 shares during the period. Finally, Shell Asset Management Co. boosted its holdings in shares of The Descartes Systems Group by 0.4% during the 1st quarter. Shell Asset Management Co. now owns 7,912 shares of the technology company’s stock worth $241,000 after buying an additional 32 shares during the period. 79.10% of the stock is owned by institutional investors and hedge funds.

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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