The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a report released on Saturday.

Several other research firms have also weighed in on DSGX. Zacks Investment Research lowered shares of The Descartes Systems Group from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. Scotiabank upped their price target on shares of The Descartes Systems Group from $24.00 to $38.00 and gave the stock an “outperform” rating in a research report on Thursday, June 1st. Raymond James Financial, Inc. upped their price target on shares of The Descartes Systems Group from $24.50 to $37.00 and gave the stock an “outperform” rating in a research report on Thursday, June 1st. Morgan Stanley restated an “equal weight” rating and set a $27.00 price target (up previously from $25.00) on shares of The Descartes Systems Group in a research report on Thursday, June 1st. Finally, BMO Capital Markets restated a “market perform” rating and set a $35.00 price target on shares of The Descartes Systems Group in a research report on Thursday, June 1st. One investment analyst has rated the stock with a sell rating, three have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $32.44.

The Descartes Systems Group (NASDAQ:DSGX) traded up 0.19% during mid-day trading on Friday, hitting $26.40. 48,526 shares of the stock traded hands. The firm has a market cap of $2.01 billion, a price-to-earnings ratio of 82.50 and a beta of 0.58. The stock has a 50-day moving average of $24.65 and a 200 day moving average of $23.31. The Descartes Systems Group has a 1-year low of $19.75 and a 1-year high of $26.50.

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 for the quarter, missing the consensus estimate of $0.10 by $0.01. The Descartes Systems Group had a net margin of 11.80% and a return on equity of 5.78%. The business had revenue of $54.51 million for the quarter, compared to the consensus estimate of $54.09 million. On average, equities analysts expect that The Descartes Systems Group will post $0.42 EPS for the current year.

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A number of large investors have recently bought and sold shares of DSGX. FMR LLC increased its stake in The Descartes Systems Group by 36.7% in the fourth quarter. FMR LLC now owns 129,690 shares of the technology company’s stock valued at $2,766,000 after buying an additional 34,790 shares during the last quarter. Norges Bank bought a new stake in The Descartes Systems Group during the fourth quarter valued at $11,105,000. Conestoga Capital Advisors LLC increased its stake in The Descartes Systems Group by 89.6% in the first quarter. Conestoga Capital Advisors LLC now owns 1,596,840 shares of the technology company’s stock valued at $36,568,000 after buying an additional 754,403 shares during the last quarter. Granite Investment Partners LLC increased its stake in The Descartes Systems Group by 15.8% in the first quarter. Granite Investment Partners LLC now owns 451,384 shares of the technology company’s stock valued at $10,336,000 after buying an additional 61,728 shares during the last quarter. Finally, Shell Asset Management Co. increased its stake in The Descartes Systems Group by 0.4% in the first quarter. Shell Asset Management Co. now owns 7,912 shares of the technology company’s stock valued at $241,000 after buying an additional 32 shares during the last quarter. 77.64% of the stock is owned by institutional investors and hedge funds.

About The Descartes Systems Group

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.

Analyst Recommendations for The Descartes Systems Group (NASDAQ:DSGX)

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