National Bank Financial Analysts Give The Descartes Systems Group (NASDAQ:DSGX) a $95.00 Price Target

National Bank Financial set a $95.00 price objective on The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) in a research note published on Monday,BayStreet.CA reports. The brokerage currently has an outperform rating on the technology company’s stock.

DSGX has been the topic of several other reports. Rothschild & Co Redburn upgraded shares of The Descartes Systems Group from a “neutral” rating to a “buy” rating and decreased their price target for the stock from $100.00 to $90.00 in a research report on Thursday, April 16th. Canadian Imperial Bank of Commerce upped their price objective on shares of The Descartes Systems Group from $116.00 to $118.00 and gave the company an “outperformer” rating in a research report on Thursday, June 4th. Loop Capital reiterated a “buy” rating and issued a $96.00 target price on shares of The Descartes Systems Group in a research note on Thursday, June 4th. Raymond James Financial reduced their target price on shares of The Descartes Systems Group from $118.00 to $108.00 and set an “outperform” rating for the company in a research note on Thursday, June 4th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of The Descartes Systems Group in a research report on Tuesday, July 7th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, The Descartes Systems Group presently has an average rating of “Moderate Buy” and a consensus price target of $102.54.

The Descartes Systems Group Stock Down 4.1%

DSGX opened at $68.10 on Monday. The stock’s 50 day moving average price is $71.71 and its two-hundred day moving average price is $72.55. The firm has a market capitalization of $5.84 billion, a P/E ratio of 34.05 and a beta of 0.64. The Descartes Systems Group has a 12-month low of $62.56 and a 12-month high of $109.00.

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last announced its earnings results on Wednesday, June 3rd. The technology company reported $0.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.52 by $0.03. The business had revenue of $166.96 million for the quarter, compared to analyst estimates of $193.57 million. The Descartes Systems Group had a net margin of 23.35% and a return on equity of 11.17%. The Descartes Systems Group’s revenue was up 14.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.41 earnings per share. As a group, analysts anticipate that The Descartes Systems Group will post 2.37 earnings per share for the current year.

Hedge Funds Weigh In On The Descartes Systems Group

Hedge funds have recently modified their holdings of the stock. Quarry LP acquired a new stake in The Descartes Systems Group in the 3rd quarter valued at $27,000. Danske Bank A S bought a new stake in shares of The Descartes Systems Group in the 3rd quarter worth about $34,000. EverSource Wealth Advisors LLC increased its position in shares of The Descartes Systems Group by 57.5% during the 1st quarter. EverSource Wealth Advisors LLC now owns 548 shares of the technology company’s stock worth $39,000 after purchasing an additional 200 shares in the last quarter. Measured Wealth Private Client Group LLC acquired a new stake in shares of The Descartes Systems Group during the 3rd quarter worth about $40,000. Finally, Caitong International Asset Management Co. Ltd lifted its holdings in The Descartes Systems Group by 267.3% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 551 shares of the technology company’s stock valued at $52,000 after purchasing an additional 401 shares during the last quarter. 77.73% of the stock is owned by institutional investors and hedge funds.

About The Descartes Systems Group

The Descartes Systems Group Inc (NASDAQ: DSGX) is a global provider of cloud-based logistics and supply chain management solutions. The company’s software-as-a-service platform connects and optimizes the flow of goods, information and payments across the global supply chain, helping businesses coordinate transportation, customs clearance, routing, scheduling and fleet management. Descartes’ modular applications serve shippers, carriers, third-party logistics providers and regulatory authorities by enabling real-time visibility, compliance and execution across complex trade networks.

Headquartered in Waterloo, Ontario, Descartes was founded in 1981 and has grown through a combination of organic development and strategic acquisitions.