Favorable News Coverage Somewhat Unlikely to Affect The Descartes Systems Group (DSGX) Stock Price
Headlines about The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) have been trending positive recently, according to Accern. The research group rates the sentiment of press coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. The Descartes Systems Group earned a media sentiment score of 0.42 on Accern’s scale. Accern also gave news headlines about the technology company an impact score of 46.017329249833 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Here are some of the headlines that may have impacted Accern’s rankings:
- Brokerages Anticipate The Descartes Systems Group Inc. (DSGX) Will Post Quarterly Sales of $57.58 Million (americanbankingnews.com)
- Descartes Systems Group gets price target raise at Industrial Alliance (cantechletter.com)
- The Descartes Systems Group Inc. (DSGX) Downgraded to Hold at Zacks Investment Research (americanbankingnews.com)
- The Descartes Systems Group Inc. (DSGX) PT Raised to $33.00 at TD Securities (americanbankingnews.com)
- Raymond James Financial, Inc. Raises The Descartes Systems Group Inc. (DSGX) Price Target to $31.00 (americanbankingnews.com)
Shares of The Descartes Systems Group (NASDAQ:DSGX) opened at 28.30 on Monday. The firm has a market capitalization of $2.15 billion, a P/E ratio of 88.44 and a beta of 0.56. The stock’s 50 day moving average is $26.71 and its 200 day moving average is $24.30. The Descartes Systems Group has a 1-year low of $20.20 and a 1-year high of $29.25.
The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last posted its earnings results on Wednesday, September 6th. The technology company reported $0.09 EPS for the quarter, missing the Zacks’ consensus estimate of $0.10 by $0.01. The company had revenue of $57.29 million during the quarter, compared to analysts’ expectations of $55.74 million. The Descartes Systems Group had a net margin of 12.06% and a return on equity of 5.97%. Equities analysts predict that The Descartes Systems Group will post $0.40 earnings per share for the current year.
Several equities research analysts have weighed in on the stock. Canaccord Genuity restated a “buy” rating and issued a $28.00 target price on shares of The Descartes Systems Group in a research note on Thursday, August 17th. Scotiabank raised their target price on shares of The Descartes Systems Group from $28.00 to $36.00 and gave the company an “outperform” rating in a research note on Thursday. Zacks Investment Research downgraded shares of The Descartes Systems Group from a “buy” rating to a “hold” rating in a research note on Wednesday, June 7th. TD Securities restated a “buy” rating and issued a $29.00 target price (up from $25.00) on shares of The Descartes Systems Group in a research note on Wednesday, May 31st. Finally, BMO Capital Markets raised their target price on shares of The Descartes Systems Group from $26.00 to $29.00 and gave the company a “market perform” rating in a research note on Thursday. Four research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. The Descartes Systems Group currently has an average rating of “Buy” and an average price target of $32.06.
The Descartes Systems Group Company Profile
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.
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