Shares of Descartes Systems Group Inc (NASDAQ:DSGX) (TSE:DSG) have been given an average rating of “Buy” by the thirteen brokerages that are presently covering the company, MarketBeat.com reports. Four research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $38.13.

DSGX has been the subject of several research reports. TD Securities increased their price target on Descartes Systems Group from $40.00 to $45.00 and gave the stock a “buy” rating in a research note on Thursday, March 7th. Echelon Wealth Partners reiterated a “buy” rating on shares of Descartes Systems Group in a research note on Monday, January 28th. Zacks Investment Research upgraded Descartes Systems Group from a “hold” rating to a “buy” rating and set a $42.00 price target for the company in a research note on Tuesday, April 2nd. ValuEngine upgraded Descartes Systems Group from a “hold” rating to a “buy” rating in a research note on Tuesday, April 2nd. Finally, BMO Capital Markets set a $37.00 price target on Descartes Systems Group and gave the stock a “hold” rating in a research note on Thursday, March 7th.

Shares of DSGX stock traded down $0.14 on Friday, hitting $40.46. 6,588 shares of the stock were exchanged, compared to its average volume of 109,239. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.03 and a current ratio of 1.03. The company has a market capitalization of $3.18 billion, a price-to-earnings ratio of 101.20 and a beta of 0.87. Descartes Systems Group has a one year low of $25.19 and a one year high of $41.48.

Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last posted its quarterly earnings results on Wednesday, March 6th. The technology company reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.01). The firm had revenue of $71.00 million for the quarter, compared to the consensus estimate of $71.15 million. Descartes Systems Group had a return on equity of 6.01% and a net margin of 11.37%. The firm’s revenue was up 11.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.09 EPS. Equities analysts predict that Descartes Systems Group will post 0.58 EPS for the current year.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Advisor Group Inc. lifted its holdings in Descartes Systems Group by 6.7% during the 1st quarter. Advisor Group Inc. now owns 5,324 shares of the technology company’s stock worth $194,000 after purchasing an additional 334 shares in the last quarter. SEI Investments Co lifted its holdings in Descartes Systems Group by 13.2% during the 1st quarter. SEI Investments Co now owns 4,280 shares of the technology company’s stock worth $157,000 after purchasing an additional 498 shares in the last quarter. Thrivent Financial for Lutherans lifted its holdings in Descartes Systems Group by 0.4% during the 4th quarter. Thrivent Financial for Lutherans now owns 153,675 shares of the technology company’s stock worth $4,066,000 after purchasing an additional 578 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Descartes Systems Group by 12.4% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,021 shares of the technology company’s stock worth $219,000 after purchasing an additional 666 shares in the last quarter. Finally, CLARET ASSET MANAGEMENT Corp lifted its holdings in Descartes Systems Group by 7.9% during the 4th quarter. CLARET ASSET MANAGEMENT Corp now owns 10,028 shares of the technology company’s stock worth $265,000 after purchasing an additional 730 shares in the last quarter. 80.73% of the stock is currently owned by institutional investors and hedge funds.

Descartes Systems Group Company Profile

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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