Shares of The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) have been given a consensus rating of “Buy” by the twelve analysts that are presently covering the company, MarketBeat.com reports. Three analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $30.33.

DSGX has been the topic of several research reports. Zacks Investment Research lowered shares of The Descartes Systems Group from a “hold” rating to a “sell” rating in a report on Tuesday, May 9th. Canaccord Genuity restated a “buy” rating and issued a $26.00 price target on shares of The Descartes Systems Group in a report on Thursday, May 25th. TD Securities restated a “buy” rating and issued a $29.00 price target (up previously from $25.00) on shares of The Descartes Systems Group in a report on Wednesday, May 31st. BMO Capital Markets restated a “market perform” rating and issued a $35.00 price target on shares of The Descartes Systems Group in a report on Thursday, June 1st. Finally, Raymond James Financial, Inc. raised their price target on shares of The Descartes Systems Group from $24.50 to $37.00 and gave the company an “outperform” rating in a report on Thursday, June 1st.

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Shares of The Descartes Systems Group (NASDAQ:DSGX) traded up 1.25% on Wednesday, hitting $28.40. 122,424 shares of the company were exchanged. The firm has a market cap of $2.16 billion, a P/E ratio of 88.75 and a beta of 0.55. The Descartes Systems Group has a 52-week low of $20.20 and a 52-week high of $28.50. The company has a 50-day moving average price of $26.23 and a 200 day moving average price of $24.11.

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last posted its quarterly earnings results on Wednesday, May 31st. The technology company reported $0.09 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.10 by $0.01. The Descartes Systems Group had a net margin of 11.80% and a return on equity of 5.78%. The business had revenue of $54.51 million during the quarter, compared to analysts’ expectations of $54.09 million. Analysts predict that The Descartes Systems Group will post $0.43 EPS for the current fiscal year.

Several hedge funds have recently bought and sold shares of DSGX. Jarislowsky Fraser Ltd raised its stake in The Descartes Systems Group by 0.3% in the second quarter. Jarislowsky Fraser Ltd now owns 4,034,182 shares of the technology company’s stock worth $98,004,000 after buying an additional 12,590 shares in the last quarter. Mawer Investment Management Ltd. raised its stake in The Descartes Systems Group by 3.2% in the second quarter. Mawer Investment Management Ltd. now owns 3,827,966 shares of the technology company’s stock worth $93,164,000 after buying an additional 119,191 shares in the last quarter. Conestoga Capital Advisors LLC raised its stake in The Descartes Systems Group by 32.6% in the second quarter. Conestoga Capital Advisors LLC now owns 2,118,060 shares of the technology company’s stock worth $51,575,000 after buying an additional 521,220 shares in the last quarter. Great West Life Assurance Co. Can raised its stake in The Descartes Systems Group by 1.7% in the second quarter. Great West Life Assurance Co. Can now owns 2,093,323 shares of the technology company’s stock worth $50,758,000 after buying an additional 34,885 shares in the last quarter. Finally, Fiera Capital Corp raised its stake in The Descartes Systems Group by 87.3% in the second quarter. Fiera Capital Corp now owns 1,573,855 shares of the technology company’s stock worth $38,223,000 after buying an additional 733,678 shares in the last quarter. Institutional investors own 79.10% of the company’s stock.

About The 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 The Descartes Systems Group (NASDAQ:DSGX)

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