The Descartes Systems Group Inc. (NASDAQ:DSGX) shares hit a new 52-week high during mid-day trading on Friday . The company traded as high as $21.53 and last traded at $21.45, with a volume of 30,791 shares traded. The stock had previously closed at $21.46.

DSGX has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded shares of The Descartes Systems Group from a “hold” rating to a “buy” rating and set a $23.00 price target on the stock in a research report on Friday, May 27th. Canaccord Genuity restated a “buy” rating on shares of The Descartes Systems Group in a research report on Thursday, May 26th. Beacon Securities downgraded shares of The Descartes Systems Group from a “buy” rating to a “hold” rating in a research report on Thursday, May 26th. Scotiabank restated an “outperform” rating and issued a $29.00 price target on shares of The Descartes Systems Group in a research report on Saturday, June 18th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and set a $27.50 target price on shares of The Descartes Systems Group in a research report on Friday, May 20th. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $23.27.

The firm has a 50-day moving average of $20.10 and a 200-day moving average of $19.02. The firm has a market cap of $1.63 billion and a PE ratio of 74.74.

The Descartes Systems Group (NASDAQ:DSGX) last issued its quarterly earnings results on Thursday, May 26th. The company reported $0.08 EPS for the quarter, beating analysts’ consensus estimates of $0.08 by $0.00. Analysts forecast that The Descartes Systems Group Inc. will post $0.34 EPS for the current year.

The Descartes Systems Group Inc (Descartes) is a global provider of on-demand, cloud-based software-as-a-service (SaaS) solutions. The Company is focused on logistics and supply chain management business processes. Customers use its modular, SaaS solutions to route, schedule, track and measure delivery resources; plan, allocate and execute shipments; rate, audit and pay transportation invoices; file customs and security documents for imports and exports; research and perform trade tariff and duty calculations and complete other logistics processes.

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