The Descartes Systems Group Inc. (NASDAQ:DSGX) Stock Has Consensus Target Price of $100.33

The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) has earned a consensus recommendation of “Moderate Buy” from the fifteen analysts that are covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation, eleven have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $100.33.

Several equities research analysts have commented on the stock. Scotiabank boosted their target price on shares of The Descartes Systems Group from $95.00 to $98.00 and gave the stock a “sector outperform” rating in a research report on Friday, September 11th. Royal Bank Of Canada set a $125.00 price target on shares of The Descartes Systems Group and gave the company an “outperform” rating in a report on Friday, September 4th. BMO Capital Markets raised their price objective on shares of The Descartes Systems Group from $82.00 to $90.00 and gave the company a “market perform” rating in a research note on Tuesday, October 13th. Loop Capital reissued a “buy” rating and set a $96.00 price objective on shares of The Descartes Systems Group in a report on Thursday, October 8th. Finally, Scotia upped their target price on shares of The Descartes Systems Group from $95.00 to $98.00 and gave the stock a “sector outperform” rating in a research report on Friday, September 11th.

Institutional Investors Weigh In On The Descartes Systems Group

Several institutional investors have recently modified their holdings of the company. Bank of America Corp DE grew its holdings in The Descartes Systems Group by 62.0% during the 1st quarter. Bank of America Corp DE now owns 733,483 shares of the technology company’s stock valued at $52,488,000 after buying an additional 280,713 shares during the last quarter. Crown Oak Advisors LLC purchased a new position in The Descartes Systems Group during the third quarter worth $3,561,000. TD Waterhouse Canada Inc. acquired a new position in shares of The Descartes Systems Group in the third quarter worth $7,995,000. Walleye Capital LLC raised its holdings in shares of The Descartes Systems Group by 1,011.9% in the first quarter. Walleye Capital LLC now owns 128,723 shares of the technology company’s stock worth $9,211,000 after acquiring an additional 117,146 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its holdings in shares of The Descartes Systems Group by 140.5% in the first quarter. The Manufacturers Life Insurance Company now owns 1,100,755 shares of the technology company’s stock worth $78,772,000 after acquiring an additional 643,071 shares during the last quarter. Hedge funds and other institutional investors own 77.73% of the company’s stock.

The Descartes Systems Group Price Performance

The Descartes Systems Group stock opened at $94.82 on Friday. The Descartes Systems Group has a 1-year low of $62.56 and a 1-year high of $96.75. The company has a market cap of $8.11 billion, a PE ratio of 44.27 and a beta of 0.65. The stock’s 50 day moving average price is $83.52 and its 200 day moving average price is $74.96.

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last announced its quarterly earnings data on Thursday, September 10th. The technology company reported $0.57 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.57. The firm had revenue of $198.12 million for the quarter, compared to analyst estimates of $197.54 million. The Descartes Systems Group had a return on equity of 11.66% and a net margin of 24.25%. The Descartes Systems Group’s quarterly revenue was up 11.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.43 earnings per share. On average, equities research analysts anticipate that The Descartes Systems Group will post 2.37 EPS for the current fiscal year.

About The Descartes Systems Group

The Descartes Systems Group Inc is a technology company that provides cloud-based logistics and supply chain management solutions. Its software helps businesses manage and automate transportation, logistics, trade compliance, communications and related processes across complex supply chains.

Descartes’ products and services include shipment management, transportation routing and scheduling, fleet and telematics applications, customs and regulatory compliance, electronic invoicing, supply chain visibility, order and inventory management, and logistics messaging.