The Descartes Systems Group (NASDAQ:DSGX) PT Set at $126.00 by Royal Bank Of Canada

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) received a $126.00 price objective from research analysts at Royal Bank Of Canada in a research report issued to clients and investors on Monday,BayStreet.CA reports. The firm currently has an “outperform” rating on the technology company’s stock. Royal Bank Of Canada’s target price would suggest a potential upside of 52.71% from the stock’s current price.

DSGX has been the topic of several other research reports. CIBC reduced their price target on The Descartes Systems Group from $127.00 to $126.00 and set an “outperform” rating on the stock in a report on Wednesday, October 29th. TD Securities initiated coverage on shares of The Descartes Systems Group in a research report on Friday, October 3rd. They set a “buy” rating and a $121.00 price objective for the company. Morgan Stanley decreased their target price on shares of The Descartes Systems Group from $110.00 to $100.00 and set an “equal weight” rating on the stock in a report on Thursday, November 20th. TD Cowen reissued a “buy” rating and issued a $121.00 price target on shares of The Descartes Systems Group in a research note on Friday, October 3rd. Finally, Wall Street Zen raised shares of The Descartes Systems Group from a “sell” rating to a “hold” rating in a research report on Friday, September 5th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $120.70.

The Descartes Systems Group Price Performance

DSGX stock opened at $82.51 on Monday. The Descartes Systems Group has a 1 year low of $78.88 and a 1 year high of $124.31. The firm has a market capitalization of $7.10 billion, a PE ratio of 48.82 and a beta of 0.74. The business has a 50 day simple moving average of $89.62 and a 200-day simple moving average of $98.88.

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last announced its quarterly earnings data on Wednesday, September 3rd. The technology company reported $0.43 EPS for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.06). The company had revenue of $178.98 million for the quarter, compared to analysts’ expectations of $176.51 million. The Descartes Systems Group had a return on equity of 10.41% and a net margin of 21.64%.The business’s quarterly revenue was up 10.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.40 EPS. On average, equities research analysts expect that The Descartes Systems Group will post 1.64 EPS for the current year.

Institutional Trading of The Descartes Systems Group

Several institutional investors have recently added to or reduced their stakes in DSGX. Norges Bank acquired a new position in The Descartes Systems Group during the second quarter worth $117,678,000. Price T Rowe Associates Inc. MD raised its holdings in shares of The Descartes Systems Group by 15.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 7,134,467 shares of the technology company’s stock valued at $719,370,000 after buying an additional 936,718 shares during the period. Temasek Holdings Private Ltd acquired a new position in The Descartes Systems Group during the 2nd quarter worth about $91,155,000. CIBC Asset Management Inc boosted its holdings in The Descartes Systems Group by 275.4% during the 2nd quarter. CIBC Asset Management Inc now owns 835,599 shares of the technology company’s stock valued at $85,085,000 after acquiring an additional 613,009 shares during the period. Finally, Picton Mahoney Asset Management acquired a new position in The Descartes Systems Group in the 2nd quarter valued at about $48,378,000. Institutional investors and hedge funds own 77.73% of the company’s stock.

The Descartes Systems Group Company Profile

The Descartes Systems Group Inc provides cloud-based logistics and supply chain management solutions worldwide. Its Logistics Technology platform offers a range of modular, interoperable web and wireless logistics management solutions. The company provides a suite of solutions that include routing, mobile, and telematics; transportation management; ecommerce, shipping, and fulfillment; customs and regulatory compliance; global trade intelligence; broker and forwarder enterprise systems; and B2B messaging and connectivity services.