Descartes Systems Group Inc (NASDAQ:DSGX) (TSE:DSG) has received an average recommendation of “Buy” from the eleven analysts that are presently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $33.67.

A number of analysts have recently commented on the company. TheStreet upgraded Descartes Systems Group from a “c+” rating to a “b-” rating in a report on Friday, January 18th. Echelon Wealth Partners reiterated a “buy” rating on shares of Descartes Systems Group in a report on Monday, January 28th. BidaskClub upgraded Descartes Systems Group from a “hold” rating to a “buy” rating in a report on Tuesday, January 22nd. Raymond James reiterated a “market perform” rating and set a $31.00 target price on shares of Descartes Systems Group in a report on Wednesday, January 30th. Finally, BMO Capital Markets set a $32.00 target price on Descartes Systems Group and gave the stock a “market perform” rating in a report on Thursday, November 29th.

A number of hedge funds and other institutional investors have recently made changes to their positions in DSGX. First Hawaiian Bank acquired a new position in Descartes Systems Group during the fourth quarter worth approximately $33,000. Campbell & CO Investment Adviser LLC acquired a new position in shares of Descartes Systems Group in the third quarter valued at approximately $233,000. CLARET ASSET MANAGEMENT Corp grew its position in shares of Descartes Systems Group by 7.9% in the fourth quarter. CLARET ASSET MANAGEMENT Corp now owns 10,028 shares of the technology company’s stock valued at $265,000 after purchasing an additional 730 shares during the last quarter. BB&T Corp grew its position in shares of Descartes Systems Group by 7.7% in the fourth quarter. BB&T Corp now owns 13,305 shares of the technology company’s stock valued at $352,000 after purchasing an additional 955 shares during the last quarter. Finally, Tower Research Capital LLC TRC grew its position in shares of Descartes Systems Group by 8,153.3% in the third quarter. Tower Research Capital LLC TRC now owns 12,380 shares of the technology company’s stock valued at $422,000 after purchasing an additional 12,230 shares during the last quarter. 79.72% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Descartes Systems Group stock traded up $0.15 during trading on Wednesday, reaching $32.06. 3,203 shares of the company were exchanged, compared to its average volume of 76,744. The company has a quick ratio of 1.10, a current ratio of 1.11 and a debt-to-equity ratio of 0.10. Descartes Systems Group has a twelve month low of $24.85 and a twelve month high of $35.87. The stock has a market cap of $2.45 billion, a PE ratio of 91.17 and a beta of 0.78.

Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last posted its earnings results on Wednesday, November 28th. The technology company reported $0.10 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.12 by ($0.02). The business had revenue of $70.00 million for the quarter, compared to the consensus estimate of $69.69 million. Descartes Systems Group had a return on equity of 5.88% and a net margin of 11.24%. The business’s revenue was up 12.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.08 earnings per share. Analysts expect that Descartes Systems Group will post 0.41 EPS for the current fiscal year.

About Descartes Systems Group

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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Analyst Recommendations for Descartes Systems Group (NASDAQ:DSGX)

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