The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) has been given an average rating of “Buy” by the twelve analysts that are currently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among brokerages that have covered the stock in the last year is $32.31.

A number of equities analysts have issued reports on the company. Zacks Investment Research downgraded The Descartes Systems Group from a “buy” rating to a “hold” rating in a research report on Thursday, September 7th. Scotiabank increased their price target on The Descartes Systems Group from $28.00 to $36.00 and gave the stock an “outperform” rating in a research report on Thursday, September 7th. TD Securities increased their price target on The Descartes Systems Group from $29.00 to $40.50 and gave the stock a “buy” rating in a research report on Thursday, September 7th. Raymond James Financial, Inc. increased their price target on The Descartes Systems Group from $27.50 to $38.00 and gave the stock an “outperform” rating in a research report on Thursday, September 7th. Finally, BMO Capital Markets increased their price target on The Descartes Systems Group from $26.00 to $29.00 and gave the stock a “market perform” rating in a research report on Thursday, September 7th.

Shares of The Descartes Systems Group (NASDAQ:DSGX) traded up 0.35% during mid-day trading on Thursday, reaching $28.90. The company had a trading volume of 12,848 shares. The company has a market capitalization of $2.22 billion, a price-to-earnings ratio of 85.00 and a beta of 0.55. The stock has a 50 day moving average of $28.05 and a 200-day moving average of $25.46. The Descartes Systems Group has a 52 week low of $20.20 and a 52 week high of $29.25.

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last issued its quarterly earnings results on Wednesday, September 6th. The technology company reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.01). The business 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 5.97% and a net margin of 12.06%. On average, analysts expect that The Descartes Systems Group will post $0.40 earnings per share for the current fiscal year.

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Several institutional investors have recently made changes to their positions in DSGX. US Bancorp DE raised its holdings 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 valued at $110,000 after acquiring an additional 2,280 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of The Descartes Systems Group by 20.4% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,066 shares of the technology company’s stock valued at $123,000 after acquiring an additional 860 shares during the last quarter. Legal & General Group Plc raised its holdings in shares of The Descartes Systems Group by 6.8% during the second quarter. Legal & General Group Plc now owns 7,795 shares of the technology company’s stock valued at $189,000 after acquiring an additional 495 shares during the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of The Descartes Systems Group by 34.6% during the first quarter. Envestnet Asset Management Inc. now owns 10,015 shares of the technology company’s stock valued at $229,000 after acquiring an additional 2,573 shares during the last quarter. Finally, Tower Research Capital LLC TRC raised its holdings in shares of The Descartes Systems Group by 86.2% during the first quarter. Tower Research Capital LLC TRC now owns 12,389 shares of the technology company’s stock valued at $283,000 after acquiring an additional 5,737 shares during the last quarter. 78.31% 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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