The Descartes Systems Group’s (DSGX) “Outperform” Rating Reiterated at Royal Bank of Canada

Royal Bank of Canada reaffirmed their outperform rating on shares of The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) in a report published on Friday,Benzinga reports. They currently have a $130.00 price target on the technology company’s stock.

Other equities analysts have also issued research reports about the stock. Stephens decreased their price objective on shares of The Descartes Systems Group from $145.00 to $137.00 and set an “overweight” rating for the company in a research note on Thursday, March 6th. BMO Capital Markets decreased their target price on The Descartes Systems Group from $120.00 to $113.00 and set a “market perform” rating for the company in a research report on Thursday, March 6th. Loop Capital assumed coverage on The Descartes Systems Group in a research report on Tuesday, December 17th. They set a “buy” rating and a $140.00 price target on the stock. StockNews.com lowered The Descartes Systems Group from a “buy” rating to a “hold” rating in a research report on Thursday, February 6th. Finally, TD Securities upped their target price on The Descartes Systems Group from $115.00 to $135.00 and gave the company a “buy” rating in a report on Wednesday, December 4th. Five equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $120.50.

The Descartes Systems Group Stock Performance

Shares of DSGX stock opened at $100.24 on Friday. The Descartes Systems Group has a 1 year low of $87.20 and a 1 year high of $124.31. The business’s fifty day moving average is $110.36 and its 200-day moving average is $110.23. The stock has a market cap of $8.58 billion, a PE ratio of 63.04 and a beta of 0.99.

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last released its earnings results on Wednesday, March 5th. The technology company reported $0.43 EPS for the quarter, meeting the consensus estimate of $0.43. The business had revenue of $167.50 million during the quarter, compared to analyst estimates of $169.97 million. The Descartes Systems Group had a net margin of 21.80% and a return on equity of 10.65%. Equities research analysts predict that The Descartes Systems Group will post 1.64 earnings per share for the current year.

Hedge Funds Weigh In On The Descartes Systems Group

Institutional investors and hedge funds have recently modified their holdings of the business. Mather Group LLC. raised its holdings in shares of The Descartes Systems Group by 301.7% during the fourth quarter. Mather Group LLC. now owns 241 shares of the technology company’s stock worth $27,000 after acquiring an additional 181 shares during the period. GeoWealth Management LLC increased its holdings in The Descartes Systems Group by 63.2% during the 4th quarter. GeoWealth Management LLC now owns 341 shares of the technology company’s stock worth $39,000 after purchasing an additional 132 shares in the last quarter. SBI Securities Co. Ltd. acquired a new stake in shares of The Descartes Systems Group in the 4th quarter valued at about $43,000. Trust Co. of Vermont bought a new stake in shares of The Descartes Systems Group in the fourth quarter valued at about $54,000. Finally, Mitsubishi UFJ Trust & Banking Corp acquired a new position in shares of The Descartes Systems Group during the fourth quarter worth about $57,000. 77.73% of the stock is currently owned by institutional investors and hedge funds.

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.