The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) had its price objective boosted by research analysts at TD Securities from $29.00 to $40.50 in a research report issued to clients and investors on Thursday. The firm currently has a “buy” rating on the technology company’s stock. TD Securities’ price objective indicates a potential upside of 42.61% from the company’s current price.

DSGX has been the topic of several other research reports. Zacks Investment Research lowered The Descartes Systems Group from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. Royal Bank Of Canada raised their price objective on The Descartes Systems Group from $27.00 to $32.00 and gave the stock an “outperform” rating in a report on Thursday, August 31st. BMO Capital Markets restated a “market perform” rating and issued a $35.00 price objective on shares of The Descartes Systems Group in a research report on Thursday, June 1st. BidaskClub upgraded shares of The Descartes Systems Group from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 5th. Finally, Canaccord Genuity restated a “buy” rating and issued a $26.00 price objective on shares of The Descartes Systems Group in a research report on Thursday, May 25th. Three equities research 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. The company presently has an average rating of “Buy” and an average target price of $31.22.

Shares of The Descartes Systems Group (NASDAQ:DSGX) traded up 1.06% during trading on Thursday, hitting $28.70. The stock had a trading volume of 176,032 shares. The stock has a market cap of $2.18 billion, a price-to-earnings ratio of 89.69 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 issued 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 firm had revenue of $57.29 million for the quarter, compared to analysts’ expectations of $55.74 million. The Descartes Systems Group had a return on equity of 5.78% and a net margin of 11.80%. On average, equities research analysts expect that The Descartes Systems Group will post $0.43 EPS for the current year.

COPYRIGHT VIOLATION NOTICE: “The Descartes Systems Group Inc. (DSGX) Price Target Raised to $40.50” was originally published by American Banking News and is the sole property of of American Banking News. If you are accessing this piece of content on another website, it was copied illegally and republished in violation of US & international copyright laws. The correct version of this piece of content can be viewed at https://www.americanbankingnews.com/2017/09/07/the-descartes-systems-group-inc-dsgx-pt-raised-to-33-00-at-td-securities.html.

Several hedge funds have recently bought and sold shares of the company. Jarislowsky Fraser Ltd lifted its position in shares of The Descartes Systems Group by 0.3% during the 2nd quarter. Jarislowsky Fraser Ltd now owns 4,034,182 shares of the technology company’s stock valued at $98,004,000 after acquiring an additional 12,590 shares during the period. Mawer Investment Management Ltd. lifted its position in shares of The Descartes Systems Group by 3.2% during the 2nd quarter. Mawer Investment Management Ltd. now owns 3,827,966 shares of the technology company’s stock valued at $93,164,000 after acquiring an additional 119,191 shares during the period. Conestoga Capital Advisors LLC lifted its position in shares of The Descartes Systems Group by 32.6% during the 2nd quarter. Conestoga Capital Advisors LLC now owns 2,118,060 shares of the technology company’s stock valued at $51,575,000 after acquiring an additional 521,220 shares during the period. Great West Life Assurance Co. Can lifted its position in shares of The Descartes Systems Group by 1.7% during the 2nd quarter. Great West Life Assurance Co. Can now owns 2,093,323 shares of the technology company’s stock valued at $50,758,000 after acquiring an additional 34,885 shares during the period. Finally, Fiera Capital Corp lifted its position in shares of The Descartes Systems Group by 87.3% during the 2nd quarter. Fiera Capital Corp now owns 1,573,855 shares of the technology company’s stock valued at $38,223,000 after acquiring an additional 733,678 shares during the period. Institutional investors own 79.10% 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. 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)

Receive News & Ratings for The Descartes Systems Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Descartes Systems Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.