BMO Capital Markets Analysts Give Descartes Systems Group (DSGX) a $32.00 Price Target

BMO Capital Markets set a $32.00 price objective on Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) in a report released on Thursday, Marketbeat.com reports. The brokerage currently has a market perform rating on the technology company’s stock.

A number of other brokerages have also recently commented on DSGX. BidaskClub cut Descartes Systems Group from a hold rating to a sell rating in a research note on Tuesday, October 9th. Zacks Investment Research raised Descartes Systems Group from a sell rating to a hold rating in a research note on Wednesday, August 15th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company. The company presently has an average rating of Hold and an average target price of $34.20.

Shares of Descartes Systems Group stock opened at $29.42 on Thursday. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.11. Descartes Systems Group has a 12 month low of $24.85 and a 12 month high of $35.87. The firm has a market cap of $2.26 billion, a P/E ratio of 84.06 and a beta of 0.50.

Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last announced its quarterly earnings data on Wednesday, November 28th. The technology company reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.02). Descartes Systems Group had a return on equity of 5.92% and a net margin of 11.24%. The company had revenue of $70.00 million for the quarter, compared to analyst estimates of $69.69 million. During the same period last year, the firm earned $0.08 earnings per share. The firm’s revenue for the quarter was up 12.9% on a year-over-year basis. As a group, equities research analysts anticipate that Descartes Systems Group will post 0.43 earnings per share for the current fiscal year.

A number of hedge funds have recently bought and sold shares of DSGX. Sei Investments Co. lifted its holdings in Descartes Systems Group by 3,015.9% during the second quarter. Sei Investments Co. now owns 4,518 shares of the technology company’s stock worth $147,000 after acquiring an additional 4,373 shares in the last quarter. Keybank National Association OH bought a new position in Descartes Systems Group during the second quarter worth about $222,000. Campbell & CO Investment Adviser LLC bought a new position in Descartes Systems Group during the third quarter worth about $233,000. CLARET ASSET MANAGEMENT Corp lifted its holdings in Descartes Systems Group by 26.2% during the third quarter. CLARET ASSET MANAGEMENT Corp now owns 9,298 shares of the technology company’s stock worth $315,000 after acquiring an additional 1,930 shares in the last quarter. Finally, Tower Research Capital LLC TRC lifted its holdings in Descartes Systems Group by 8,153.3% during the third quarter. Tower Research Capital LLC TRC now owns 12,380 shares of the technology company’s stock worth $422,000 after acquiring an additional 12,230 shares in the last quarter. Hedge funds and other institutional investors own 80.02% of the company’s stock.

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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Analyst Recommendations for Descartes Systems Group (NASDAQ:DSGX)

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