Descartes Systems Group Inc (DSG) Receives Consensus Recommendation of “Buy” from Analysts

Shares of Descartes Systems Group Inc (TSE:DSG) (NASDAQ:DSGX) have been assigned an average rating of “Buy” from the seven brokerages that are covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12-month target price among brokers that have covered the stock in the last year is C$35.43.

DSG has been the subject of several recent analyst reports. Royal Bank of Canada raised their price objective on shares of Descartes Systems Group to C$45.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 22nd. Canaccord Genuity raised their price objective on shares of Descartes Systems Group from C$30.00 to C$34.00 in a research report on Thursday, November 30th. Barclays raised their price objective on shares of Descartes Systems Group from C$39.00 to C$42.00 in a research report on Friday, December 1st. Raymond James Financial downgraded shares of Descartes Systems Group from an “outperform” rating to a “market perform” rating and set a C$31.00 price objective for the company. in a research report on Thursday, November 30th. Finally, Scotiabank raised their price objective on shares of Descartes Systems Group from C$29.00 to C$32.00 and gave the stock an “outperform” rating in a research report on Thursday, November 30th.

Shares of Descartes Systems Group (TSE:DSG) opened at C$31.74 on Friday. The company has a market cap of $2,570.00, a P/E ratio of 73.81 and a beta of 0.07. Descartes Systems Group has a 52-week low of C$27.86 and a 52-week high of C$39.91.

Descartes Systems Group (TSE:DSG) (NASDAQ:DSGX) last announced its quarterly earnings data on Wednesday, November 29th. The company reported C$0.10 EPS for the quarter, missing the consensus estimate of C$0.13 by C($0.03). Descartes Systems Group had a return on equity of 5.28% and a net margin of 9.95%.

TRADEMARK VIOLATION WARNING: This story was first reported by American Banking News and is owned by of American Banking News. If you are accessing this story on another publication, it was illegally stolen and reposted in violation of US & international trademark & copyright laws. The legal version of this story can be viewed at https://www.americanbankingnews.com/2018/02/09/descartes-systems-group-inc-dsg-receives-consensus-recommendation-of-buy-from-analysts.html.

About 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 Descartes Systems Group (TSE:DSG)

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

Leave a Reply