The Descartes Systems Group (DSGX) Receives Daily Media Impact Rating of 0.42
Headlines about The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) have been trending positive on Saturday, according to Accern. The research firm identifies positive and negative news coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. The Descartes Systems Group earned a news sentiment score of 0.42 on Accern’s scale. Accern also gave news articles about the technology company an impact score of 47.1487320650285 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Shares of The Descartes Systems Group (NASDAQ:DSGX) remained flat at $27.65 during trading on Friday. The company’s stock had a trading volume of 106,693 shares. The firm has a 50 day moving average of $27.26 and a 200 day moving average of $24.65. The Descartes Systems Group has a one year low of $20.20 and a one year high of $29.25. The stock has a market capitalization of $2.12 billion, a price-to-earnings ratio of 81.32 and a beta of 0.56.
The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last issued its quarterly earnings results on Wednesday, September 6th. The technology company reported $0.09 EPS for the quarter, missing the Zacks’ consensus estimate of $0.10 by ($0.01). The company had revenue of $57.29 million during the quarter, compared to the consensus estimate of $55.74 million. The Descartes Systems Group had a return on equity of 5.97% and a net margin of 12.06%. On average, equities research analysts forecast that The Descartes Systems Group will post $0.40 EPS for the current year.
A number of brokerages have weighed in on DSGX. Zacks Investment Research lowered shares of The Descartes Systems Group from a “buy” rating to a “hold” rating in a research report on Thursday, September 7th. Scotiabank raised their target price on shares of The Descartes Systems Group from $28.00 to $36.00 and gave the company an “outperform” rating in a research report on Thursday, September 7th. TD Securities raised their target price on shares of The Descartes Systems Group from $29.00 to $40.50 and gave the company a “buy” rating in a research report on Thursday, September 7th. Raymond James Financial, Inc. raised their target price on shares of The Descartes Systems Group from $27.50 to $38.00 and gave the company an “outperform” rating in a research report on Thursday, September 7th. Finally, BMO Capital Markets raised their target price on shares of The Descartes Systems Group from $26.00 to $29.00 and gave the company a “market perform” rating in a research report on Thursday, September 7th. Four equities research analysts have rated the stock with 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 a consensus rating of “Buy” and a consensus target price of $32.06.
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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. Its 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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