A number of research firms have changed their ratings and price targets for The Descartes Systems Group (NASDAQ: DSGX):

  • 9/13/2016 – The Descartes Systems Group was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Descartes Systems Group Inc. a leading provider of software-as-a-service logistics solutions. It is delivering results across the globe today for organizations that operate logistics-intensive businesses. Descartes’ logistics management solutions combine a multi-modal network, the Descartes Global Logistics Network, with component-based ‘nano’ sized applications to provide messaging services between logistics trading partners, book-to-bill services for contract carriers and private fleet management services for organizations of all sizes. These solutions and services help Descartes’ customers reduce administrative costs, billing cycles, fleet size, contract carrier costs, and mileage driven and improve pick up and delivery reliability. Descartes Systems Group Inc. is headquartered in Waterloo, Canada. “
  • 9/10/2016 – The Descartes Systems Group had its “outperform” rating reaffirmed by analysts at Scotiabank. They now have a $29.00 price target on the stock.
  • 9/9/2016 – The Descartes Systems Group had its price target raised by analysts at Royal Bank Of Canada from $23.00 to $25.00. They now have an “outperform” rating on the stock.
  • 9/9/2016 – The Descartes Systems Group had its price target raised by analysts at Barclays PLC from $23.00 to $24.00. They now have an “overweight” rating on the stock.
  • 9/9/2016 – The Descartes Systems Group had its “hold” rating reaffirmed by analysts at BMO Capital Markets. They now have a $22.00 price target on the stock.
  • 9/9/2016 – The Descartes Systems Group had its “hold” rating reaffirmed by analysts at Morgan Stanley. They now have a $23.00 price target on the stock.
  • 9/9/2016 – The Descartes Systems Group had its “outperform” rating reaffirmed by analysts at RBC Capital Markets. They now have a $25.00 price target on the stock, up previously from $23.00.
  • 9/1/2016 – The Descartes Systems Group had its “outperform” rating reaffirmed by analysts at Scotiabank. They now have a $29.00 price target on the stock.
  • 7/26/2016 – The Descartes Systems Group was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Descartes Systems Group Inc. a leading provider of software-as-a-service logistics solutions. It is delivering results across the globe today for organizations that operate logistics-intensive businesses. Descartes’ logistics management solutions combine a multi-modal network, the Descartes Global Logistics Network, with component-based ‘nano’ sized applications to provide messaging services between logistics trading partners, book-to-bill services for contract carriers and private fleet management services for organizations of all sizes. These solutions and services help Descartes’ customers reduce administrative costs, billing cycles, fleet size, contract carrier costs, and mileage driven and improve pick up and delivery reliability. Descartes Systems Group Inc. is headquartered in Waterloo, Canada. “

Shares of The Descartes Systems Group Inc. (NASDAQ:DSGX) opened at 21.56 on Friday. The stock has a market capitalization of $1.63 billion, a price-to-earnings ratio of 74.34 and a beta of 0.83. The stock’s 50 day moving average is $20.93 and its 200 day moving average is $19.63. The Descartes Systems Group Inc. has a 1-year low of $15.01 and a 1-year high of $22.02.

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.

5 Day Chart for NASDAQ:DSGX

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