Descartes Systems Group Price Target Raised to $11.25 at Pi Financial (DSGX)
Equities researchers at Pi Financial raised their target price on shares of Descartes Systems Group (NASDAQ: DSGX) from $10.60 to $11.25 in a report issued on Friday. The firm currently has a “buy” rating on the stock.
Shares of Descartes Systems Group traded up 2.20% during mid-day trading on Friday, hitting $9.74. Descartes Systems Group has a 52 week low of $7.75 and a 52 week high of $9.76. The stock’s 50-day moving average is currently $9.27. The company has a market cap of $609.9 million and a P/E ratio of 47.65.
Descartes Systems Group last issued its quarterly earnings data on Thursday, March 7th. The company reported $0.16 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.15 by $0.01. The company had revenue of $33.80 million for the quarter, compared to the consensus estimate of $33.45 million. Analysts expect that Descartes Systems Group will post $0.55 EPS for the current fiscal year.
DSGX has been the subject of a number of other recent research reports. Analysts at TD Securities raised their price target on shares of Descartes Systems Group from $10.00 to $11.50 in a research note to investors on Friday. They now have a “buy” rating on the stock. Analysts at CIBC reiterated a “sector perform” rating on shares of Descartes Systems Group in a research note to investors on Wednesday. They now have a $9.50 price target on the stock.
The Descartes Systems Group Inc. (Descartes) is a global provider of federated network and global logistics technology solutions that help its customers make and receive shipments and manage related resources.
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