BidaskClub downgraded shares of Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) from a buy rating to a hold rating in a research note issued to investors on Thursday, BidAskClub reports.

Several other equities analysts also recently issued reports on DSGX. Royal Bank of Canada upped their price objective on shares of Descartes Systems Group from $41.00 to $45.00 and gave the company an outperform rating in a report on Tuesday, May 28th. They noted that the move was a valuation call. Zacks Investment Research downgraded shares of Descartes Systems Group from a buy rating to a sell rating in a report on Monday, June 3rd. ValuEngine upgraded shares of Descartes Systems Group from a buy rating to a strong-buy rating in a report on Monday, June 3rd. TD Securities upped their price objective on shares of Descartes Systems Group from $45.00 to $46.00 and gave the company a buy rating in a report on Thursday, May 30th. Finally, CIBC downgraded shares of Descartes Systems Group from a sector outperform rating to a neutral rating in a report on Thursday, April 11th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of Buy and an average price target of $43.33.

Descartes Systems Group stock traded down $0.37 during trading hours on Thursday, reaching $37.98. The stock had a trading volume of 11,489 shares, compared to its average volume of 253,188. The company has a market capitalization of $3.26 billion, a PE ratio of 94.95 and a beta of 0.83. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.94 and a current ratio of 0.94. Descartes Systems Group has a 52 week low of $25.19 and a 52 week high of $41.60.

Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last announced its earnings results on Wednesday, May 29th. The technology company reported $0.09 EPS for the quarter, missing the Zacks’ consensus estimate of $0.14 by ($0.05). The firm had revenue of $78.00 million during the quarter, compared to the consensus estimate of $78.60 million. Descartes Systems Group had a return on equity of 5.96% and a net margin of 11.05%. The business’s revenue for the quarter was up 16.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.09 earnings per share. On average, equities analysts predict that Descartes Systems Group will post 0.41 earnings per share for the current fiscal year.

A number of large investors have recently modified their holdings of DSGX. Comerica Bank increased its holdings in Descartes Systems Group by 37.1% in the 4th quarter. Comerica Bank now owns 82,074 shares of the technology company’s stock worth $2,479,000 after buying an additional 22,189 shares during the period. Mackenzie Financial Corp boosted its position in Descartes Systems Group by 45.7% in the 4th quarter. Mackenzie Financial Corp now owns 887,965 shares of the technology company’s stock worth $23,496,000 after purchasing an additional 278,713 shares in the last quarter. CLARET ASSET MANAGEMENT Corp boosted its position in Descartes Systems Group by 7.9% in 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. Toronto Dominion Bank boosted its position in Descartes Systems Group by 5.5% in the 4th quarter. Toronto Dominion Bank now owns 53,900 shares of the technology company’s stock worth $1,424,000 after purchasing an additional 2,802 shares in the last quarter. Finally, BlackRock Inc. purchased a new stake in Descartes Systems Group in the 4th quarter worth approximately $5,646,000. Institutional investors own 80.44% of the company’s stock.

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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