The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) had its target price hoisted by Royal Bank Of Canada from $32.00 to $35.00 in a research report report published on Wednesday. They currently have an outperform rating on the technology company’s stock.

A number of other brokerages have also recently weighed in on DSGX. Zacks Investment Research cut The Descartes Systems Group from a buy rating to a hold rating in a research note on Thursday, September 7th. Scotiabank lifted their price target on The Descartes Systems Group from $28.00 to $36.00 and gave the stock an outperform rating in a research note on Thursday, September 7th. TD Securities lifted their price target on The Descartes Systems Group from $29.00 to $40.50 and gave the stock a buy rating in a research note on Thursday, September 7th. Raymond James Financial, Inc. lifted their price target on The Descartes Systems Group from $27.50 to $38.00 and gave the stock an outperform rating in a research note on Thursday, September 7th. Finally, BMO Capital Markets lifted their price target on The Descartes Systems Group from $26.00 to $29.00 and gave the stock a market perform rating in a research note on Thursday, September 7th. Four equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of Buy and a consensus target price of $32.39.

The Descartes Systems Group (NASDAQ DSGX) opened at $31.05 on Wednesday. The stock has a market capitalization of $2,370.00, a PE ratio of 91.62 and a beta of 0.54. The Descartes Systems Group has a fifty-two week low of $20.35 and a fifty-two week high of $31.23. The company has a current ratio of 2.18, a quick ratio of 2.18 and a debt-to-equity ratio of 0.09.

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last released its earnings results on Wednesday, September 6th. The technology company reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.01). The firm had revenue of $57.29 million for the quarter, compared to analyst estimates of $55.74 million. The Descartes Systems Group had a return on equity of 5.97% and a net margin of 12.06%. analysts anticipate that The Descartes Systems Group will post 0.4 EPS for the current year.

A number of institutional investors and hedge funds have recently modified their holdings of DSGX. DF Dent & Co. Inc. acquired a new stake in The Descartes Systems Group during the 3rd quarter worth about $480,000. Magnetar Financial LLC boosted its position in The Descartes Systems Group by 21.6% during the 3rd quarter. Magnetar Financial LLC now owns 34,400 shares of the technology company’s stock worth $939,000 after acquiring an additional 6,100 shares during the period. Envestnet Asset Management Inc. boosted its position in The Descartes Systems Group by 13.6% during the 3rd quarter. Envestnet Asset Management Inc. now owns 15,285 shares of the technology company’s stock worth $418,000 after acquiring an additional 1,829 shares during the period. Nicholas Investment Partners LP boosted its position in The Descartes Systems Group by 85.3% during the 3rd quarter. Nicholas Investment Partners LP now owns 70,515 shares of the technology company’s stock worth $1,929,000 after acquiring an additional 32,470 shares during the period. Finally, JPMorgan Chase & Co. boosted its position in The Descartes Systems Group by 25.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 197,576 shares of the technology company’s stock worth $5,374,000 after acquiring an additional 40,032 shares during the period. 77.06% of the stock is currently owned by hedge funds and other institutional investors.

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About The 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 The Descartes Systems Group (NASDAQ:DSGX)

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