Descartes Systems Group Inc (TSE:DSG) (NASDAQ:DSGX) – William Blair dropped their Q1 2019 EPS estimates for shares of Descartes Systems Group in a report released on Tuesday. William Blair analyst M. Pfau now expects that the company will post earnings of $0.13 per share for the quarter, down from their prior forecast of $0.14. William Blair also issued estimates for Descartes Systems Group’s Q3 2019 earnings at $0.15 EPS, Q4 2019 earnings at $0.16 EPS and FY2019 earnings at $0.59 EPS.
DSG has been the subject of several other reports. Royal Bank of Canada upped their price objective on shares of Descartes Systems Group to C$45.00 and gave the stock an “outperform” rating in a report on Wednesday, November 22nd. Barclays increased their price objective on shares of Descartes Systems Group from C$42.00 to C$43.00 in a research note on Tuesday. Raymond James Financial cut shares of Descartes Systems Group from an “outperform” rating to a “market perform” rating and set a C$31.00 price objective for the company. in a research note on Thursday, November 30th. Canaccord Genuity increased their target price on shares of Descartes Systems Group from C$30.00 to C$34.00 in a research report on Thursday, November 30th. Finally, Scotiabank raised their price objective on shares of Descartes Systems Group from C$29.00 to C$32.00 and gave the company an “outperform” rating in a research report on Thursday, November 30th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of C$35.57.
Shares of Descartes Systems Group (TSE DSG) traded up C$0.52 on Thursday, hitting C$37.16. 48,185 shares of the stock traded hands, compared to its average volume of 138,732. Descartes Systems Group has a 52 week low of C$29.71 and a 52 week high of C$39.91. The firm has a market cap of $2,760.00, a price-to-earnings ratio of 81.42 and a beta of 0.12.
About Descartes Systems Group
Descartes Systems Group Inc (Descartes) is a Canada-based global provider of federated network and global logistics technology solutions that help its customers make and receive shipments and manage related resources. Its network-based solutions, which primarily consist of services and software, connect people to their trading partners and enable business document exchange (bookings, bills of lading, status messages); regulatory compliance and customs filing; route and resource planning, execution and monitoring; access and leverage global trade and restricted party data; inventory and asset visibility; rate and transportation management, and warehouse operations.
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