The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) had its price objective hoisted by stock analysts at Royal Bank Of Canada from $32.00 to $35.00 in a note issued to investors on Wednesday. The firm presently has an “outperform” rating on the technology company’s stock. Royal Bank Of Canada’s price objective would suggest a potential upside of 13.09% from the company’s current price.

Several other equities research analysts have also recently weighed in on DSGX. TD Securities boosted their target price on The Descartes Systems Group from $29.00 to $40.50 and gave the stock a “buy” rating in a research note on Thursday, September 7th. Canaccord Genuity restated a “buy” rating and set a $28.00 target price on shares of The Descartes Systems Group in a research note on Thursday, August 17th. Zacks Investment Research upgraded The Descartes Systems Group from a “hold” rating to a “buy” rating and set a $30.00 target price for the company in a research note on Wednesday, August 23rd. BMO Capital Markets restated a “hold” rating and set a $26.00 target price on shares of The Descartes Systems Group in a research note on Thursday, August 17th. Finally, Raymond James Financial, Inc. boosted their target price on The Descartes Systems Group from $27.50 to $38.00 and gave the stock an “outperform” rating in a research note on Thursday, September 7th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The Descartes Systems Group presently has a consensus rating of “Buy” and an average price target of $32.39.

Shares of The Descartes Systems Group (DSGX) traded up $0.70 on Wednesday, hitting $30.95. The stock had a trading volume of 72,300 shares, compared to its average volume of 58,602. The company has a quick ratio of 2.18, a current ratio of 2.18 and a debt-to-equity ratio of 0.09. The stock has a market cap of $2,320.99, a PE ratio of 88.97 and a beta of 0.54. The Descartes Systems Group has a fifty-two week low of $20.35 and a fifty-two week high of $31.05.

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last announced 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 analysts’ expectations of $55.74 million. The Descartes Systems Group had a net margin of 12.06% and a return on equity of 5.97%. research analysts forecast that The Descartes Systems Group will post 0.38 EPS for the current fiscal year.

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Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Russell Investments Group Ltd. increased its position in The Descartes Systems Group by 19.4% during the second quarter. Russell Investments Group Ltd. now owns 80,639 shares of the technology company’s stock worth $1,959,000 after buying an additional 13,080 shares during the period. Bank of Nova Scotia increased its position in The Descartes Systems Group by 3.9% during the second quarter. Bank of Nova Scotia now owns 285,287 shares of the technology company’s stock worth $6,941,000 after buying an additional 10,803 shares during the period. Ameriprise Financial Inc. increased its position in The Descartes Systems Group by 19.3% during the second quarter. Ameriprise Financial Inc. now owns 214,500 shares of the technology company’s stock worth $5,223,000 after buying an additional 34,725 shares during the period. State of Tennessee Treasury Department increased its position in The Descartes Systems Group by 35.4% during the second quarter. State of Tennessee Treasury Department now owns 136,328 shares of the technology company’s stock worth $3,312,000 after buying an additional 35,628 shares during the period. Finally, Goldman Sachs Group Inc. increased its position in The Descartes Systems Group by 65.7% during the second quarter. Goldman Sachs Group Inc. now owns 53,328 shares of the technology company’s stock worth $1,298,000 after buying an additional 21,139 shares during the period. 77.06% of the stock is currently owned by institutional investors.

The Descartes Systems Group Company Profile

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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