The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) has received a consensus recommendation of “Buy” from the eleven brokerages that are currently covering the firm. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $24.50.

DSGX has been the topic of several research reports. Scotiabank reiterated an “outperform” rating and issued a $29.00 price objective on shares of The Descartes Systems Group in a report on Thursday, September 1st. Royal Bank Of Canada upped their price objective on shares of The Descartes Systems Group from $23.00 to $25.00 and gave the company an “outperform” rating in a report on Friday, September 9th. Barclays PLC upped their price objective on shares of The Descartes Systems Group from $23.00 to $24.00 and gave the company an “overweight” rating in a report on Friday, September 9th. BMO Capital Markets reiterated a “hold” rating and issued a $22.00 price objective on shares of The Descartes Systems Group in a report on Friday, September 9th. Finally, Morgan Stanley reiterated a “hold” rating and issued a $23.00 price objective on shares of The Descartes Systems Group in a report on Friday, September 9th.

The Descartes Systems Group (NASDAQ:DSGX) opened at 22.35 on Wednesday. The Descartes Systems Group has a one year low of $15.01 and a one year high of $22.90. The company’s 50-day moving average is $21.17 and its 200 day moving average is $20.47. The company has a market capitalization of $1.69 billion, a P/E ratio of 77.07 and a beta of 0.68.

Large investors have recently bought and sold shares of the company. Price T Rowe Associates Inc. MD boosted its stake in The Descartes Systems Group by 0.3% in the third quarter. Price T Rowe Associates Inc. MD now owns 11,059,935 shares of the company’s stock valued at $237,962,000 after buying an additional 32,149 shares in the last quarter. Bank of Montreal Can purchased a new stake in The Descartes Systems Group during the second quarter valued at $99,747,000. Neuberger Berman Group LLC boosted its stake in The Descartes Systems Group by 5.2% in the third quarter. Neuberger Berman Group LLC now owns 3,335,082 shares of the company’s stock valued at $71,771,000 after buying an additional 164,700 shares in the last quarter. The Manufacturers Life Insurance Company purchased a new stake in The Descartes Systems Group during the third quarter valued at $42,327,000. Finally, Pembroke Management LTD boosted its stake in The Descartes Systems Group by 0.3% in the third quarter. Pembroke Management LTD now owns 1,948,700 shares of the company’s stock valued at $55,011,000 after buying an additional 5,700 shares in the last quarter. 79.23% of the stock is owned by institutional investors and hedge funds.

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About The Descartes Systems Group

The Descartes Systems Group Inc (Descartes) is a global provider of federated network and global logistics technology solutions that help its customers make and receive shipments and manage related resources. The Company’s 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.

5 Day Chart for NASDAQ:DSGX

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