The Descartes Systems Group (NASDAQ:DSGX) Getting Positive Media Coverage, Analysis Finds
Media headlines about The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) have been trending positive on Sunday, Accern Sentiment Analysis reports. The research group rates the sentiment of news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. The Descartes Systems Group earned a news sentiment score of 0.40 on Accern’s scale. Accern also gave press coverage about the technology company an impact score of 46.0530409052614 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
These are some of the media headlines that may have effected Accern Sentiment’s scoring:
- The Descartes Systems Group Inc. (DSGX) Upgraded to Strong-Buy at BidaskClub (americanbankingnews.com)
- The Descartes Systems Group Inc. (NASDAQ:DSGX) Given Consensus Recommendation of “Buy” by Brokerages (americanbankingnews.com)
- The Descartes Systems Group Inc. (NASDAQ:DSGX) Expected to Post Quarterly Sales of $55.74 Million (americanbankingnews.com)
- The Descartes Systems Group, Inc. – Value Analysis (NASDAQ:DSGX) : August 4, 2017 (finance.yahoo.com)
- Descartes Sets Date to Announce Second Quarter Fiscal 2018 Financial Results (finance.yahoo.com)
The Descartes Systems Group (NASDAQ:DSGX) traded up 0.57% during trading on Friday, hitting $26.35. The stock had a trading volume of 76,457 shares. The stock has a market cap of $2.00 billion, a PE ratio of 82.34 and a beta of 0.58. The Descartes Systems Group has a 1-year low of $19.75 and a 1-year high of $26.40. The firm’s 50-day moving average price is $24.65 and its 200-day moving average price is $23.31.
The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last released its earnings results on Wednesday, May 31st. The technology company reported $0.09 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.10 by $0.01. The business had revenue of $54.51 million during the quarter, compared to analysts’ expectations of $54.09 million. The Descartes Systems Group had a net margin of 11.80% and a return on equity of 5.78%. On average, equities research analysts predict that The Descartes Systems Group will post $0.42 earnings per share for the current fiscal year.
DSGX has been the subject of a number of analyst reports. Zacks Investment Research raised The Descartes Systems Group from a “hold” rating to a “buy” rating and set a $28.00 price target for the company in a report on Thursday, June 8th. TD Securities reissued a “buy” rating and issued a $29.00 price target (up from $25.00) on shares of The Descartes Systems Group in a report on Wednesday, May 31st. Canaccord Genuity reissued a “buy” rating and issued a $26.00 price target on shares of The Descartes Systems Group in a report on Thursday, May 25th. Morgan Stanley reissued an “equal weight” rating and issued a $27.00 price target (up from $25.00) on shares of The Descartes Systems Group in a report on Thursday, June 1st. Finally, ValuEngine raised The Descartes Systems Group from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. One analyst has rated the stock with a sell rating, three have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. The Descartes Systems Group presently has an average rating of “Buy” and an average price target of $32.44.
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The Descartes Systems Group Company Profile
Descartes Systems Group Inc (Descartes) is a Canada-based global provider of federated network and global logistics technology solutions that help its customers make and receive shipments and manage related resources. The Company’s network-based solutions, which primarily consist of services and software, connect people to their trading partners and enable business document exchange (bookings, bills of lading, status messages); regulatory compliance and customs filing; route and resource planning, execution and monitoring; access and leverage global trade and restricted party data; inventory and asset visibility; rate and transportation management, and warehouse operations.
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