Favorable Press Coverage Somewhat Unlikely to Impact The Descartes Systems Group (DSGX) Share Price

News articles about The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) have been trending positive recently, according to Accern. Accern identifies negative and positive news coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. The Descartes Systems Group earned a media sentiment score of 0.45 on Accern’s scale. Accern also assigned news coverage about the technology company an impact score of 45.582900868981 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.

Several equities analysts have commented on the stock. Canaccord Genuity reissued a “buy” rating and issued a $28.00 price target on shares of The Descartes Systems Group in a research report on Thursday, August 17th. Scotiabank lifted their price objective on shares of The Descartes Systems Group from $28.00 to $36.00 and gave the stock an “outperform” rating in a research report on Thursday, September 7th. BMO Capital Markets lifted their price objective on shares of The Descartes Systems Group from $26.00 to $29.00 and gave the stock a “market perform” rating in a research report on Thursday, September 7th. Zacks Investment Research raised shares of The Descartes Systems Group from a “sell” rating to a “hold” rating in a research report on Wednesday, August 16th. Finally, Raymond James Financial, Inc. lifted their price objective on shares of The Descartes Systems Group from $27.50 to $38.00 and gave the stock an “outperform” rating in a research report on Thursday, September 7th. One analyst has rated the stock with a sell rating, three have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $32.06.

The Descartes Systems Group (NASDAQ:DSGX) traded up $0.70 during trading on Tuesday, hitting $30.95. 72,306 shares of the stock traded hands, compared to its average volume of 58,602. The stock has a market cap of $2,370.00, a PE ratio of 87.94 and a beta of 0.54. The Descartes Systems Group has a 1-year low of $20.35 and a 1-year high of $31.05. The company has a current ratio of 2.18, a quick ratio of 2.18 and a debt-to-equity ratio of 0.09.

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last announced its quarterly earnings results on Wednesday, September 6th. The technology company reported $0.09 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.10 by ($0.01). The Descartes Systems Group had a return on equity of 5.97% and a net margin of 12.06%. The company had revenue of $57.29 million for the quarter, compared to analyst estimates of $55.74 million. sell-side analysts expect that The Descartes Systems Group will post 0.38 earnings per share for the current year.

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About The 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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