The Descartes Systems Group (NASDAQ:DSGX) Given a $125.00 Price Target at National Bankshares

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) received a $125.00 target price from equities researchers at National Bankshares in a report released on Thursday, BayStreet.CA reports. The brokerage currently has an “outperform” rating on the technology company’s stock. National Bankshares’ target price indicates a potential upside of 22.33% from the stock’s current price.

Other equities research analysts also recently issued research reports about the company. Stephens lifted their price objective on The Descartes Systems Group from $107.00 to $110.00 and gave the company an “overweight” rating in a research report on Thursday, May 30th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $115.00 price objective on shares of The Descartes Systems Group in a research report on Thursday, September 5th. Canaccord Genuity Group set a $108.00 price objective on The Descartes Systems Group and gave the company a “buy” rating in a research report on Thursday, September 5th. Scotiabank lifted their price objective on The Descartes Systems Group from $100.00 to $104.00 and gave the company a “sector outperform” rating in a research report on Friday, May 31st. Finally, TD Securities lifted their price objective on The Descartes Systems Group from $110.00 to $115.00 and gave the company a “buy” rating in a research report on Thursday, May 30th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, The Descartes Systems Group currently has an average rating of “Moderate Buy” and an average price target of $104.83.

The Descartes Systems Group Stock Down 2.6 %

NASDAQ DSGX opened at $102.18 on Thursday. The Descartes Systems Group has a fifty-two week low of $69.59 and a fifty-two week high of $105.12. The stock has a market cap of $8.72 billion, a price-to-earnings ratio of 72.99 and a beta of 0.98. The business has a fifty day moving average of $99.17 and a 200-day moving average of $96.35.

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last released its quarterly earnings results on Wednesday, September 4th. The technology company reported $0.40 earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.03). The Descartes Systems Group had a return on equity of 10.21% and a net margin of 21.02%. The company had revenue of $163.43 million during the quarter, compared to analyst estimates of $160.17 million. During the same period last year, the firm earned $0.32 earnings per share. The business’s revenue was up 14.0% compared to the same quarter last year. As a group, analysts anticipate that The Descartes Systems Group will post 1.67 EPS for the current year.

Institutional Investors Weigh In On The Descartes Systems Group

Institutional investors and hedge funds have recently modified their holdings of the stock. Brown Brothers Harriman & Co. purchased a new stake in shares of The Descartes Systems Group in the fourth quarter worth about $27,000. Central Pacific Bank Trust Division purchased a new stake in shares of The Descartes Systems Group in the first quarter worth about $28,000. Accent Capital Management LLC purchased a new stake in shares of The Descartes Systems Group in the fourth quarter worth about $32,000. Whittier Trust Co. of Nevada Inc. boosted its position in shares of The Descartes Systems Group by 703.3% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 490 shares of the technology company’s stock worth $45,000 after buying an additional 429 shares during the period. Finally, Park Place Capital Corp boosted its position in shares of The Descartes Systems Group by 48.5% in the first quarter. Park Place Capital Corp now owns 671 shares of the technology company’s stock worth $61,000 after buying an additional 219 shares during the period. Hedge funds and other institutional investors own 77.73% of the company’s stock.

About The Descartes Systems Group

The Descartes Systems Group Inc provides cloud-based logistics and supply chain management solutions worldwide. Its Logistics Technology platform offers a range of modular, interoperable web and wireless logistics management solutions. The company provides a suite of solutions that include routing, mobile, and telematics; transportation management; ecommerce, shipping, and fulfillment; customs and regulatory compliance; global trade intelligence; broker and forwarder enterprise systems; and B2B messaging and connectivity services.