Descartes Systems Group Inc (NASDAQ:DSGX) Given Average Rating of “Hold” by Brokerages

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Shares of Descartes Systems Group Inc (NASDAQ:DSGX) (TSE:DSG) have received a consensus rating of “Hold” from the thirteen ratings firms that are presently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and six have given a buy recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $42.43.

Several brokerages have commented on DSGX. Zacks Investment Research upgraded shares of Descartes Systems Group from a “sell” rating to a “hold” rating in a research note on Wednesday. TD Securities began coverage on shares of Descartes Systems Group in a research note on Tuesday, June 11th. They set a “buy” rating and a $46.00 price objective for the company. BidaskClub upgraded shares of Descartes Systems Group from a “strong sell” rating to a “sell” rating in a research note on Thursday. ValuEngine cut shares of Descartes Systems Group from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 1st. Finally, BMO Capital Markets reiterated a “market perform” rating and issued a $43.00 target price on shares of Descartes Systems Group in a research note on Thursday, May 30th. They noted that the move was a valuation call.

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Primecap Management Co. CA grew its holdings in shares of Descartes Systems Group by 63.4% in the second quarter. Primecap Management Co. CA now owns 7,211,500 shares of the technology company’s stock valued at $266,465,000 after purchasing an additional 2,798,500 shares during the period. Royal Bank of Canada grew its holdings in shares of Descartes Systems Group by 1.6% in the second quarter. Royal Bank of Canada now owns 786,749 shares of the technology company’s stock valued at $29,072,000 after purchasing an additional 12,026 shares during the period. DF Dent & Co. Inc. grew its holdings in shares of Descartes Systems Group by 1.2% in the second quarter. DF Dent & Co. Inc. now owns 66,893 shares of the technology company’s stock valued at $2,472,000 after purchasing an additional 785 shares during the period. Voloridge Investment Management LLC purchased a new stake in shares of Descartes Systems Group in the second quarter valued at about $533,000. Finally, Price T Rowe Associates Inc. MD grew its holdings in shares of Descartes Systems Group by 14.5% in the second quarter. Price T Rowe Associates Inc. MD now owns 13,402,856 shares of the technology company’s stock valued at $495,393,000 after purchasing an additional 1,697,992 shares during the period. Hedge funds and other institutional investors own 74.79% of the company’s stock.

NASDAQ:DSGX traded down $0.54 during trading hours on Friday, hitting $35.02. 95,033 shares of the company were exchanged, compared to its average volume of 84,419. The stock has a market capitalization of $2.99 billion, a price-to-earnings ratio of 87.55 and a beta of 0.67. Descartes Systems Group has a 52-week low of $25.19 and a 52-week high of $41.60. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.94 and a quick ratio of 0.94. The company’s 50 day moving average price is $36.08 and its 200-day moving average price is $36.85.

Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last released its earnings results on Wednesday, May 29th. The technology company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.05). Descartes Systems Group had a return on equity of 5.96% and a net margin of 11.05%. The company had revenue of $78.00 million for the quarter, compared to analysts’ expectations of $78.60 million. During the same period in the prior year, the firm posted $0.09 EPS. The firm’s revenue for the quarter was up 16.4% on a year-over-year basis. On average, equities analysts predict that Descartes Systems Group will post 0.35 earnings per share for the current year.

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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