Positive Press Coverage Somewhat Unlikely to Affect The Descartes Systems Group (DSGX) Stock Price
Media coverage about The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) has been trending positive on Friday, Accern Sentiment Analysis reports. Accern identifies negative and positive press coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of public 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 0.41 on Accern’s scale. Accern also gave news headlines about the technology company an impact score of 48.0875678736977 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Here are some of the headlines that may have impacted Accern’s rankings:
- $63.26 Million in Sales Expected for The Descartes Systems Group Inc. (DSGX) This Quarter (americanbankingnews.com)
- The Descartes Systems Group Inc. (DSGX) Expected to Post Earnings of $0.10 Per Share (americanbankingnews.com)
- The Descartes Systems Group (DSGX) Stock Rating Lowered by BidaskClub (americanbankingnews.com)
- The Descartes Systems Group Inc. (DSGX) Receives Consensus Recommendation of “Hold” from Analysts (americanbankingnews.com)
Several equities research analysts have issued reports on DSGX shares. TD Securities lifted their target price on shares of The Descartes Systems Group from $29.00 to $40.50 and gave the stock a “buy” rating in a research note on Thursday, September 7th. Royal Bank of Canada lifted their target price on shares of The Descartes Systems Group from $27.00 to $32.00 and gave the stock an “outperform” rating in a research note on Thursday, August 31st. Barclays lifted their target price on shares of The Descartes Systems Group from $32.00 to $33.00 and gave the stock an “overweight” rating in a research note on Thursday, November 30th. Canaccord Genuity reaffirmed a “buy” rating and set a $30.00 target price (up previously from $28.00) on shares of The Descartes Systems Group in a research note on Thursday, September 7th. Finally, BMO Capital Markets reaffirmed a “hold” rating and set a $26.00 target price on shares of The Descartes Systems Group in a research note on Thursday, August 17th. Six equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The Descartes Systems Group has an average rating of “Hold” and an average price target of $33.39.
The Descartes Systems Group (NASDAQ DSGX) opened at $28.10 on Friday. 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 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.11. The company has a market capitalization of $2,099.75, a price-to-earnings ratio of 80.44 and a beta of 0.51.
The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last posted its quarterly earnings results on Wednesday, November 29th. The technology company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.02). The Descartes Systems Group had a return on equity of 5.83% and a net margin of 11.61%. The company had revenue of $62.00 million for the quarter, compared to analysts’ expectations of $60.01 million. The company’s revenue was up 20.4% on a year-over-year basis. research analysts expect that The Descartes Systems Group will post 0.37 earnings per share for the current year.
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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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