The Descartes Systems Group (NASDAQ:DSGX) Price Target Raised to $104.00

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) had its price target boosted by BMO Capital Markets from $100.00 to $104.00 in a report published on Thursday, Marketbeat reports. The firm currently has a market perform rating on the technology company’s stock.

Other research analysts also recently issued reports about the stock. Raymond James raised their price objective on shares of The Descartes Systems Group from $94.00 to $96.00 and gave the stock a market perform rating in a report on Friday, May 31st. Barclays raised their price target on shares of The Descartes Systems Group from $87.00 to $88.00 and gave the company an underweight rating in a report on Thursday. Scotiabank raised their target price on shares of The Descartes Systems Group from $100.00 to $104.00 and gave the company a sector outperform rating in a research note on Friday, May 31st. Royal Bank of Canada raised their price objective on shares of The Descartes Systems Group from $110.00 to $115.00 and gave the company an outperform rating in a research report on Friday, May 24th. Finally, TD Securities increased their target price on The Descartes Systems Group from $110.00 to $115.00 and gave the company a buy rating in a research note on Thursday, May 30th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of Moderate Buy and an average price target of $103.00.

The Descartes Systems Group Stock Down 0.7 %

Shares of DSGX stock opened at $94.62 on Thursday. The firm has a market cap of $8.08 billion, a P/E ratio of 67.59 and a beta of 0.98. The company has a 50 day moving average of $99.05 and a 200-day moving average of $95.16. The Descartes Systems Group has a 12-month low of $69.59 and a 12-month high of $104.71.

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last issued its earnings results on Wednesday, September 4th. The technology company reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.03). The firm had revenue of $163.43 million during the quarter, compared to the consensus estimate of $160.17 million. The Descartes Systems Group had a net margin of 20.62% and a return on equity of 9.96%. The business’s quarterly revenue was up 14.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.32 earnings per share. As a group, equities analysts expect that The Descartes Systems Group will post 1.7 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Brown Brothers Harriman & Co. purchased a new position in The Descartes Systems Group during the fourth quarter valued at $27,000. Central Pacific Bank Trust Division purchased a new position in shares of The Descartes Systems Group during the first quarter valued at approximately $28,000. Accent Capital Management LLC bought a new stake in shares of The Descartes Systems Group in the 4th quarter worth approximately $32,000. Whittier Trust Co. of Nevada Inc. grew its stake in shares of The Descartes Systems Group by 703.3% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 490 shares of the technology company’s stock worth $45,000 after buying an additional 429 shares during the last quarter. Finally, Park Place Capital Corp increased its position in The Descartes Systems Group by 48.5% during the 1st quarter. Park Place Capital Corp now owns 671 shares of the technology company’s stock valued at $61,000 after buying an additional 219 shares in the last quarter. Institutional investors own 77.73% of the company’s stock.

The Descartes Systems Group Company Profile

The Descartes Systems Group Inc provides cloud-based logistics and supply chain management solutions worldwide. Its Logistics Technology platform offers a range of modular, interoperable web and wireless logistics management solutions. The company provides a suite of solutions that include routing, mobile, and telematics; transportation management; ecommerce, shipping, and fulfillment; customs and regulatory compliance; global trade intelligence; broker and forwarder enterprise systems; and B2B messaging and connectivity services.