Descartes Systems Group Inc (NASDAQ:DSGX) (TSE:DSG) has earned an average rating of “Hold” from the nine brokerages that are currently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $34.20.
DSGX has been the subject of several analyst reports. BidaskClub lowered Descartes Systems Group from a “hold” rating to a “sell” rating in a report on Tuesday, October 9th. BMO Capital Markets set a $32.00 price objective on Descartes Systems Group and gave the company a “market perform” rating in a report on Thursday, November 29th. Zacks Investment Research lowered Descartes Systems Group from a “hold” rating to a “sell” rating in a report on Friday, November 30th. Finally, TheStreet lowered Descartes Systems Group from a “b” rating to a “c+” rating in a research note on Monday, December 24th.
Shares of DSGX opened at $28.58 on Friday. Descartes Systems Group has a 12 month low of $24.85 and a 12 month high of $35.87. The company has a quick ratio of 1.10, a current ratio of 1.11 and a debt-to-equity ratio of 0.10. The firm has a market cap of $2.17 billion, a PE ratio of 81.66 and a beta of 0.58.
Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last issued its quarterly earnings data on Wednesday, November 28th. The technology company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.12 by ($0.02). Descartes Systems Group had a net margin of 11.24% and a return on equity of 5.88%. The business had revenue of $70.00 million for the quarter, compared to analysts’ expectations of $69.69 million. During the same quarter in the prior year, the company posted $0.08 EPS. The business’s revenue for the quarter was up 12.9% on a year-over-year basis. Analysts forecast that Descartes Systems Group will post 0.42 earnings per share for the current year.
Hedge funds have recently modified their holdings of the stock. First Hawaiian Bank purchased a new position in Descartes Systems Group in the 4th quarter worth $33,000. Sei Investments Co. raised its stake in Descartes Systems Group by 3,015.9% in the 2nd quarter. Sei Investments Co. now owns 4,518 shares of the technology company’s stock worth $147,000 after acquiring an additional 4,373 shares during the last quarter. Campbell & CO Investment Adviser LLC purchased a new position in Descartes Systems Group in the 3rd quarter worth $233,000. CLARET ASSET MANAGEMENT Corp raised its stake in Descartes Systems Group by 26.2% in the 3rd quarter. CLARET ASSET MANAGEMENT Corp now owns 9,298 shares of the technology company’s stock worth $315,000 after acquiring an additional 1,930 shares during the last quarter. Finally, Tower Research Capital LLC TRC raised its stake in Descartes Systems Group by 8,153.3% in the 3rd quarter. Tower Research Capital LLC TRC now owns 12,380 shares of the technology company’s stock worth $422,000 after acquiring an additional 12,230 shares during the last quarter. Institutional investors own 79.60% of the company’s stock.
Descartes Systems Group Company Profile
The Descartes Systems Group Inc provides federated network and logistics technology solutions worldwide. Its Logistics Application Suite offers a range of modular, cloud-based, and interoperable Web and wireless logistics management applications. The company's Logistics Application Suite offers solutions, such as route planning and execution, mobile applications, and telematics and compliance; transportation management solutions comprising carrier compliance and rate management, freight audit and settlement, dock scheduling and yard management, pool distribution, transportation planning and execution, and logistics flow control, as well as visibility, tracking, and performance management; and global logistics network services, such as document management, community, and connectivity services.
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