Other equities research analysts also recently issued reports about the company. Stephens began coverage on Descartes Systems Group in a research report on Monday, July 1st. They set an equal weight rating and a $40.00 price objective on the stock. Haywood Securities set a $44.00 price objective on Descartes Systems Group and gave the company a buy rating in a research report on Wednesday, June 5th. TD Securities began coverage on Descartes Systems Group in a research report on Tuesday, June 11th. They set a buy rating and a $46.00 price objective on the stock. Royal Bank of Canada upped their price objective on Descartes Systems Group from $41.00 to $45.00 and gave the company an outperform rating in a research report on Tuesday, May 28th. They noted that the move was a valuation call. Finally, Raymond James increased their price target on Descartes Systems Group from $33.00 to $36.00 and gave the stock a market perform rating in a report on Thursday, May 30th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company. The stock presently has an average rating of Hold and a consensus price target of $42.86.
Shares of DSGX stock opened at $34.28 on Thursday. Descartes Systems Group has a 1 year low of $25.19 and a 1 year high of $41.60. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.94 and a quick ratio of 0.94. The stock’s 50 day simple moving average is $36.40 and its two-hundred day simple moving average is $36.82. The company has a market cap of $2.83 billion, a PE ratio of 85.70 and a beta of 0.67.
Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last issued its quarterly earnings data on Wednesday, May 29th. The technology company reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.05). Descartes Systems Group had a net margin of 11.05% and a return on equity of 5.96%. The company had revenue of $78.00 million for the quarter, compared to analysts’ expectations of $78.60 million. During the same quarter last year, the company earned $0.09 earnings per share. The company’s revenue for the quarter was up 16.4% on a year-over-year basis. Equities research analysts expect that Descartes Systems Group will post 0.38 EPS for the current year.
Hedge funds and other institutional investors have recently modified their holdings of the company. Wells Fargo & Company MN raised its holdings in shares of Descartes Systems Group by 398.9% in the second quarter. Wells Fargo & Company MN now owns 2,619 shares of the technology company’s stock worth $97,000 after buying an additional 2,094 shares during the period. Marshall Wace North America L.P. purchased a new stake in shares of Descartes Systems Group in the first quarter worth approximately $142,000. Enterprise Financial Services Corp purchased a new stake in shares of Descartes Systems Group in the first quarter worth approximately $146,000. Centaurus Financial Inc. raised its holdings in shares of Descartes Systems Group by 21.6% in the first quarter. Centaurus Financial Inc. now owns 4,249 shares of the technology company’s stock worth $117,000 after buying an additional 754 shares during the period. Finally, Advisor Group Inc. raised its holdings in shares of Descartes Systems Group by 8.3% in the second quarter. Advisor Group Inc. now owns 5,766 shares of the technology company’s stock worth $213,000 after buying an additional 442 shares during the period. Hedge funds and other institutional investors own 74.18% of the company’s stock.
Descartes Systems Group Company Profile
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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