The Descartes Systems Group Inc. (DSGX) Stock Rating Reaffirmed by RBC Capital Markets
The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG)‘s stock had its “outperform” rating restated by equities research analysts at RBC Capital Markets in a research report issued to clients and investors on Monday. They presently have a $34.00 price objective on the stock. RBC Capital Markets’ price target suggests a potential upside of 51.79% from the stock’s previous close.
DSGX has been the topic of a number of other research reports. Barclays PLC raised their price objective on shares of The Descartes Systems Group from $23.00 to $24.00 and gave the stock an “overweight” rating in a research note on Friday, September 9th. Royal Bank Of Canada lifted their price target on shares of The Descartes Systems Group from $23.00 to $25.00 and gave the company an “outperform” rating in a research note on Friday, September 9th. CIBC raised shares of The Descartes Systems Group from a “sector perform” rating to a “sector outperform” rating in a research note on Wednesday, October 19th. Zacks Investment Research cut shares of The Descartes Systems Group from a “hold” rating to a “sell” rating in a research note on Tuesday, November 8th. Finally, BMO Capital Markets reissued a “hold” rating and issued a $22.00 price target on shares of The Descartes Systems Group in a research note on Friday, September 9th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $24.65.
The Descartes Systems Group (NASDAQ:DSGX) opened at 22.40 on Monday. The company has a market cap of $1.70 billion, a PE ratio of 77.24 and a beta of 0.68. The firm’s 50-day moving average is $21.22 and its 200-day moving average is $20.51. The Descartes Systems Group has a 52-week low of $15.01 and a 52-week high of $22.90.
ILLEGAL ACTIVITY NOTICE: This news story was originally published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this news story on another domain, it was stolen and reposted in violation of United States & international copyright and trademark law. The original version of this news story can be viewed at https://www.thecerbatgem.com/2016/11/30/the-descartes-systems-group-inc-dsgx-stock-rating-reaffirmed-by-rbc-capital-markets.html.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Bank of Montreal Can purchased a new position in shares of The Descartes Systems Group during the second quarter worth $99,747,000. The Manufacturers Life Insurance Company bought a new position in The Descartes Systems Group during the third quarter valued at approximately $42,327,000. Wellington Management Group LLP bought a new position in The Descartes Systems Group during the first quarter valued at approximately $13,285,000. Mackenzie Financial Corp bought a new position in The Descartes Systems Group during the second quarter valued at approximately $11,852,000. Finally, Vanguard Group Inc. raised its position in The Descartes Systems Group by 44.4% in the second quarter. Vanguard Group Inc. now owns 1,283,125 shares of the company’s stock valued at $24,496,000 after buying an additional 394,561 shares in the last quarter. Institutional investors own 79.23% of the company’s stock.
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.
Receive News & Stock Ratings for The Descartes Systems Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Descartes Systems Group Inc. and related stocks with our FREE daily email newsletter.