The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG)‘s stock had its “hold” rating restated by research analysts at BMO Capital Markets in a report issued on Thursday. They presently have a $26.00 price objective on the technology company’s stock. BMO Capital Markets’ price objective indicates a potential downside of 4.76% from the company’s previous close.

Several other analysts also recently issued reports on DSGX. Canaccord Genuity reiterated a “buy” rating and issued a $28.00 price target on shares of The Descartes Systems Group in a report on Thursday. BidaskClub upgraded The Descartes Systems Group from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 5th. Zacks Investment Research upgraded The Descartes Systems Group from a “sell” rating to a “hold” rating in a report on Wednesday. ValuEngine upgraded The Descartes Systems Group from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Finally, TD Securities reiterated 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. Four research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $30.33.

The Descartes Systems Group (NASDAQ:DSGX) traded down 0.55% on Thursday, reaching $27.15. The company had a trading volume of 176,193 shares. The Descartes Systems Group has a 12 month low of $20.20 and a 12 month high of $27.55. The stock has a market capitalization of $2.06 billion, a P/E ratio of 84.84 and a beta of 0.58. The firm has a 50-day moving average of $25.20 and a 200-day moving average of $23.65.

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last announced its quarterly earnings results on Wednesday, May 31st. The technology company reported $0.09 earnings per share (EPS) 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 company had revenue of $54.51 million during the quarter, compared to analyst estimates of $54.09 million. On average, equities research analysts expect that The Descartes Systems Group will post $0.42 earnings per share for the current fiscal year.

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Several hedge funds have recently made changes to their positions in the stock. State of Tennessee Treasury Department increased its stake in shares of The Descartes Systems Group by 22.5% in the first quarter. State of Tennessee Treasury Department now owns 100,700 shares of the technology company’s stock valued at $2,300,000 after buying an additional 18,500 shares in the last quarter. Parametric Portfolio Associates LLC increased its stake in shares of The Descartes Systems Group by 3.9% in the first quarter. Parametric Portfolio Associates LLC now owns 17,589 shares of the technology company’s stock valued at $403,000 after buying an additional 654 shares in the last quarter. TFS Capital LLC acquired a new stake in shares of The Descartes Systems Group during the first quarter valued at $355,000. Ameriprise Financial Inc. increased its stake in shares of The Descartes Systems Group by 91.2% in the first quarter. Ameriprise Financial Inc. now owns 179,775 shares of the technology company’s stock valued at $4,117,000 after buying an additional 85,750 shares in the last quarter. Finally, UBS Asset Management Americas Inc. increased its stake in shares of The Descartes Systems Group by 126.6% in the first quarter. UBS Asset Management Americas Inc. now owns 37,611 shares of the technology company’s stock valued at $859,000 after buying an additional 21,011 shares in the last quarter. Institutional investors own 77.35% of the company’s stock.

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.

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

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