Descartes Systems Group Inc (NASDAQ:DSGX) (TSE:DSG) had its target price lifted by Royal Bank Of Canada from $27.00 to $32.00 in a research report report published on Thursday morning. Royal Bank Of Canada currently has an outperform rating on the technology company’s stock.

A number of other equities research analysts also recently issued reports on DSGX. Zacks Investment Research downgraded Descartes Systems Group from a hold rating to a sell rating in a research note on Tuesday, May 9th. Canaccord Genuity restated a buy rating and set a $26.00 price target on shares of Descartes Systems Group in a research note on Thursday, May 25th. TD Securities restated a buy rating and set a $29.00 price target (up from $25.00) on shares of Descartes Systems Group in a research note on Wednesday, May 31st. BMO Capital Markets restated a market perform rating and set a $35.00 price target on shares of Descartes Systems Group in a research note on Thursday, June 1st. Finally, Raymond James Financial, Inc. boosted their price target on Descartes Systems Group from $24.50 to $37.00 and gave the company an outperform rating in a research note on Thursday, June 1st. Three investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of Buy and a consensus price target of $30.33.

Shares of Descartes Systems Group (NASDAQ:DSGX) traded up 0.89% during trading on Thursday, reaching $28.30. 61,910 shares of the company’s stock were exchanged. Descartes Systems Group has a 12 month low of $20.20 and a 12 month high of $28.50. The stock has a 50-day moving average price of $26.12 and a 200 day moving average price of $24.07. The firm has a market cap of $2.15 billion, a price-to-earnings ratio of 88.44 and a beta of 0.58.

Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last released its quarterly earnings results on Wednesday, May 31st. The technology company reported $0.09 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.10 by $0.01. The firm had revenue of $54.51 million for the quarter, compared to the consensus estimate of $54.09 million. Descartes Systems Group had a net margin of 12.63% and a return on equity of 6.36%. On average, analysts forecast that Descartes Systems Group will post $0.43 EPS for the current year.

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Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Jarislowsky Fraser Ltd increased its position in shares of 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 during the period. Mawer Investment Management Ltd. increased its position in shares of 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 during the period. Conestoga Capital Advisors LLC increased its position in shares of 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 during the period. Great West Life Assurance Co. Can increased its position in shares of 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 during the period. Finally, Fiera Capital Corp increased its position in shares of 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 during the period. Institutional investors own 79.10% of the company’s stock.

About 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 Descartes Systems Group (NASDAQ:DSGX)

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