Scotiabank Issues Positive Forecast for The Descartes Systems Group (NASDAQ:DSGX) Stock Price

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) had its price target lifted by Scotiabank from $125.00 to $127.00 in a report released on Wednesday, MarketBeat Ratings reports. Scotiabank currently has a sector outperform rating on the technology company’s stock.

A number of other analysts also recently weighed in on the company. Stephens decreased their price target on The Descartes Systems Group from $145.00 to $137.00 and set an “overweight” rating for the company in a report 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 note on Thursday, March 6th. TD Securities boosted their price target on The Descartes Systems Group from $115.00 to $135.00 and gave the company a “buy” rating in a research note on Wednesday, December 4th. StockNews.com downgraded shares of The Descartes Systems Group from a “buy” rating to a “hold” rating in a research report on Thursday, February 6th. Finally, Barclays dropped their target price on shares of The Descartes Systems Group from $125.00 to $118.00 and set an “equal weight” rating on the stock in a research report on Thursday, March 6th. Five analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $120.50.

The Descartes Systems Group Price Performance

Shares of DSGX stock opened at $100.24 on Wednesday. The stock has a market capitalization of $8.58 billion, a PE ratio of 63.04 and a beta of 0.99. The business’s 50 day simple moving average is $110.36 and its 200 day simple moving average is $110.23. The Descartes Systems Group has a one year low of $87.20 and a one year high of $124.31.

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

Institutional Trading of The Descartes Systems Group

Large investors have recently bought and sold shares of the company. Mather Group LLC. grew its stake in shares of The Descartes Systems Group by 301.7% during the 4th 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 stake in shares of The Descartes Systems Group by 63.2% in the fourth 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. purchased a new position in shares of The Descartes Systems Group in the fourth quarter worth about $43,000. Trust Co. of Vermont bought a new stake in shares of The Descartes Systems Group in the fourth quarter valued at approximately $54,000. Finally, GAMMA Investing LLC lifted its stake in shares of The Descartes Systems Group by 4,950.0% during the 4th quarter. GAMMA Investing LLC now owns 505 shares of the technology company’s stock valued at $57,000 after buying an additional 495 shares in the last quarter. 77.73% of the stock is owned by hedge funds and other institutional investors.

The Descartes Systems Group Company Profile

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.