Descartes Systems Group Inc (TSE:DSG) (NASDAQ:DSGX) has earned an average recommendation of “Buy” from the seven analysts that are presently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year target price among brokers that have covered the stock in the last year is C$35.57.
Separately, Barclays lifted their price target on Descartes Systems Group from C$42.00 to C$43.00 in a research report on Tuesday, March 6th.
Shares of TSE DSG opened at C$38.66 on Friday. Descartes Systems Group has a fifty-two week low of C$30.29 and a fifty-two week high of C$39.91.
Descartes Systems Group (TSE:DSG) (NASDAQ:DSGX) last announced its quarterly earnings results on Monday, March 5th. The company reported C$0.11 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.13 by C($0.02). The company had revenue of C$80.78 million during the quarter, compared to analysts’ expectations of C$81.08 million. Descartes Systems Group had a net margin of 9.95% and a return on equity of 5.28%.
In related news, insider Robert Parker sold 23,526 shares of Descartes Systems Group stock in a transaction on Tuesday, March 13th. The stock was sold at an average price of C$37.17, for a total transaction of C$874,461.42. Also, insider Raimond Diederik sold 11,777 shares of Descartes Systems Group stock in a transaction on Thursday, March 22nd. The shares were sold at an average price of C$37.77, for a total value of C$444,817.29.
About Descartes Systems Group
The Descartes Systems Group Inc provides federated network and logistics technology solutions worldwide. Its Logistics Application Suite offers a range of modular, cloud-based, and interoperable Web and wireless logistics management applications. The company's Logistics Application Suite offers solutions, such as route planning and execution, mobile applications, and telematics and compliance; transportation management solutions comprising carrier compliance and rate management, freight audit and settlement, dock scheduling and yard management, pool distribution, transportation planning and execution, and logistics flow control, as well as visibility, tracking, and performance management; and global logistics network services, such as document management, community, and connectivity services.
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