The Descartes Systems Group (NASDAQ:DSGX) Rating Increased to Equal Weight at Barclays

Barclays upgraded shares of The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) from an underweight rating to an equal weight rating in a research report sent to investors on Friday, Marketbeat.com reports. They currently have $125.00 price objective on the technology company’s stock, up from their prior price objective of $88.00.

Other research analysts also recently issued reports about the company. Scotiabank boosted their target price on The Descartes Systems Group from $104.00 to $120.00 and gave the stock a “sector outperform” rating in a report on Thursday, October 24th. National Bank Financial raised The Descartes Systems Group to a “strong-buy” rating in a research note on Wednesday, September 25th. National Bankshares set a $125.00 target price on The Descartes Systems Group and gave the company an “outperform” rating in a research note on Thursday, September 26th. Royal Bank of Canada reiterated an “outperform” rating and set a $115.00 price target on shares of The Descartes Systems Group in a research report on Thursday, September 5th. Finally, BMO Capital Markets raised their price objective on shares of The Descartes Systems Group from $100.00 to $104.00 and gave the company a “market perform” rating in a research report on Thursday, September 5th. Four equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, The Descartes Systems Group currently has an average rating of “Moderate Buy” and a consensus target price of $109.25.

The Descartes Systems Group Stock Down 0.5 %

The Descartes Systems Group stock traded down $0.56 during mid-day trading on Friday, hitting $111.41. 249,281 shares of the company were exchanged, compared to its average volume of 153,009. The company has a market capitalization of $9.52 billion, a PE ratio of 75.28 and a beta of 0.97. The business has a fifty day moving average of $104.91 and a 200 day moving average of $100.02. The Descartes Systems Group has a 1-year low of $79.21 and a 1-year high of $117.24.

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last announced its earnings results on Wednesday, September 4th. The technology company reported $0.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.03). The firm had revenue of $163.43 million for the quarter, compared to analyst estimates of $160.17 million. The Descartes Systems Group had a return on equity of 10.21% and a net margin of 21.02%. The company’s revenue for the quarter was up 14.0% compared to the same quarter last year. During the same quarter last year, the business earned $0.32 EPS. Research analysts expect that The Descartes Systems Group will post 1.69 earnings per share for the current year.

Institutional Trading of The Descartes Systems Group

A number of institutional investors have recently bought and sold shares of DSGX. Avior Wealth Management LLC boosted its position in shares of The Descartes Systems Group by 2.8% in the 3rd quarter. Avior Wealth Management LLC now owns 4,273 shares of the technology company’s stock worth $440,000 after purchasing an additional 117 shares during the last quarter. Legacy Wealth Asset Management LLC boosted its holdings in The Descartes Systems Group by 3.8% during the third quarter. Legacy Wealth Asset Management LLC now owns 3,771 shares of the technology company’s stock worth $388,000 after buying an additional 137 shares during the last quarter. Assenagon Asset Management S.A. grew its position in shares of The Descartes Systems Group by 4.3% during the 2nd quarter. Assenagon Asset Management S.A. now owns 3,832 shares of the technology company’s stock worth $371,000 after buying an additional 158 shares during the period. Assetmark Inc. increased its stake in shares of The Descartes Systems Group by 3.5% in the 3rd quarter. Assetmark Inc. now owns 5,839 shares of the technology company’s stock valued at $601,000 after acquiring an additional 197 shares during the last quarter. Finally, Park Place Capital Corp raised its position in shares of The Descartes Systems Group by 31.6% in the 2nd quarter. Park Place Capital Corp now owns 883 shares of the technology company’s stock valued at $86,000 after acquiring an additional 212 shares during the period. Institutional investors and hedge funds 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.