The Descartes Systems Group Inc. (DSGX) Reaches New 52-Week High at $21.53
The Descartes Systems Group Inc. (NASDAQ:DSGX) reached a new 52-week high on Friday . The company traded as high as $21.53 and last traded at $21.45, with a volume of 30,791 shares. The stock had previously closed at $21.46.
A number of equities research analysts have recently weighed in on the company. Canaccord Genuity reaffirmed a “buy” rating on shares of The Descartes Systems Group in a research note on Thursday, May 26th. Royal Bank Of Canada reissued an “outperform” rating and set a $29.40 price objective (up previously from $27.00) on shares of The Descartes Systems Group in a report on Friday, May 27th. Zacks Investment Research lowered The Descartes Systems Group from a “buy” rating to a “hold” rating in a report on Tuesday, July 26th. Barclays PLC increased their price objective on The Descartes Systems Group from $22.00 to $23.00 and gave the company an “overweight” rating in a report on Friday, May 27th. Finally, Scotiabank reissued an “outperform” rating and set a $29.00 price objective on shares of The Descartes Systems Group in a report on Friday, May 27th. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $23.27.
The stock’s 50 day moving average price is $20.10 and its 200-day moving average price is $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 posted its earnings results on Thursday, May 26th. The company reported $0.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.00. On average, equities research analysts forecast that The Descartes Systems Group Inc. will post $0.34 earnings per share for the current fiscal 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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