The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) had its price objective raised by Barclays from $32.00 to $33.00 in a research note issued to investors on Thursday morning. They currently have an overweight rating on the technology company’s stock.

Several other research analysts have also recently weighed in on DSGX. BMO Capital Markets restated a hold rating and set a $31.00 target price on shares of The Descartes Systems Group in a report on Wednesday. Canaccord Genuity restated a buy rating and set a $28.00 target price on shares of The Descartes Systems Group in a report on Thursday, August 17th. 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, November 22nd. Finally, Royal Bank Of Canada boosted their target price on The Descartes Systems Group from $27.00 to $32.00 and gave the stock an outperform rating in a report on Thursday, August 31st. Five analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The Descartes Systems Group currently has an average rating of Buy and a consensus target price of $33.39.

Shares of The Descartes Systems Group (DSGX) traded down $0.35 during trading on Thursday, hitting $27.40. The stock had a trading volume of 284,650 shares, compared to its average volume of 60,048. The firm has a market cap of $2,100.00, a PE ratio of 90.59 and a beta of 0.54. The Descartes Systems Group has a fifty-two week low of $20.35 and a fifty-two week high of $31.23. The company has a current ratio of 2.18, a quick ratio of 2.18 and a debt-to-equity ratio of 0.09.

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last issued its earnings results on Wednesday, November 29th. The technology company reported $0.08 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.10 by ($0.02). The company had revenue of $62.00 million for the quarter, compared to analyst estimates of $60.01 million. The Descartes Systems Group had a return on equity of 5.97% and a net margin of 12.06%. The business’s quarterly revenue was up 20.4% on a year-over-year basis. research analysts forecast that The Descartes Systems Group will post 0.4 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Legal & General Group Plc boosted its stake in shares of The Descartes Systems Group by 6.8% during the second quarter. Legal & General Group Plc now owns 7,795 shares of the technology company’s stock worth $189,000 after buying an additional 495 shares during the period. Suntrust Banks Inc. boosted its stake in shares of The Descartes Systems Group by 4.9% during the second quarter. Suntrust Banks Inc. now owns 14,338 shares of the technology company’s stock worth $348,000 after buying an additional 672 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of The Descartes Systems Group by 20.4% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,066 shares of the technology company’s stock worth $123,000 after buying an additional 860 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of The Descartes Systems Group by 6.6% during the second quarter. Dimensional Fund Advisors LP now owns 17,253 shares of the technology company’s stock worth $420,000 after buying an additional 1,064 shares during the period. Finally, US Bancorp DE boosted its stake in shares of The Descartes Systems Group by 23.8% during the second quarter. US Bancorp DE now owns 5,975 shares of the technology company’s stock worth $145,000 after buying an additional 1,150 shares during the period. Institutional investors own 77.01% of the company’s stock.

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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.

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

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