Positive Media Coverage Somewhat Unlikely to Impact Descartes Systems Group (DSGX) Share Price

News articles about Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) have been trending positive recently, according to Accern Sentiment. The research group rates the sentiment of press coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Descartes Systems Group earned a media sentiment score of 0.41 on Accern’s scale. Accern also assigned media stories about the technology company an impact score of 47.3408606327619 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

A number of equities analysts have commented on the stock. BidaskClub lowered shares of Descartes Systems Group from a “buy” rating to a “hold” rating in a research report on Wednesday, December 6th. Barclays boosted their price target on shares of Descartes Systems Group from $32.00 to $33.00 and gave the company an “overweight” rating in a research report on Thursday, November 30th. BMO Capital Markets restated a “hold” rating and issued a $31.00 price target on shares of Descartes Systems Group in a research report on Wednesday, November 29th. Raymond James Financial lowered shares of Descartes Systems Group from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 30th. Finally, Zacks Investment Research upgraded shares of Descartes Systems Group from a “sell” rating to a “hold” rating in a research report on Wednesday, November 22nd. Six equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $33.39.

Shares of Descartes Systems Group (NASDAQ DSGX) traded up $0.10 during mid-day trading on Friday, hitting $28.00. 37,255 shares of the stock were exchanged, compared to its average volume of 85,810. Descartes Systems Group has a 12 month low of $20.75 and a 12 month high of $31.23. The firm has a market capitalization of $2,150.00, a price-to-earnings ratio of 82.35 and a beta of 0.50. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.13 and a quick ratio of 1.13.

Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last announced its earnings results on Wednesday, November 29th. The technology company reported $0.08 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.10 by ($0.02). Descartes Systems Group had a return on equity of 5.83% and a net margin of 11.61%. The company had revenue of $62.00 million for the quarter, compared to analyst estimates of $60.01 million. The company’s revenue for the quarter was up 20.4% compared to the same quarter last year. equities research analysts anticipate that Descartes Systems Group will post 0.37 earnings per share for the current year.

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Descartes Systems Group Company Profile

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.

Insider Buying and Selling by Quarter for Descartes Systems Group (NASDAQ:DSGX)

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