Descartes Systems Group Inc (NASDAQ:DSGX) (TSE:DSG) has been given a consensus recommendation of “Hold” by the twelve ratings firms that are covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $42.33.
Several analysts have recently weighed in on DSGX shares. BMO Capital Markets upgraded shares of Tourmaline Oil from a “market perform” rating to an “outperform” rating in a research report on Thursday, May 30th. ValuEngine lowered shares of Intersect ENT from a “buy” rating to a “hold” rating in a research report on Monday, June 3rd. Haywood Securities set a $44.00 target price on shares of Descartes Systems Group and gave the company a “buy” rating in a research report on Wednesday, June 5th. Royal Bank of Canada decreased their target price on shares of Medtronic to $100.00 and set an “outperform” rating on the stock in a research report on Tuesday, May 28th. Finally, CIBC reiterated a “hold” rating and set a $12.00 target price on shares of Resolute Forest Products in a research report on Thursday, April 11th.
Shares of Descartes Systems Group stock traded down $0.04 during trading on Friday, hitting $36.62. 135,007 shares of the company’s stock traded hands, compared to its average volume of 125,921. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.46. The business’s fifty day simple moving average is $38.17. Descartes Systems Group has a twelve month low of $25.19 and a twelve month high of $41.60. The firm has a market cap of $3.08 billion, a P/E ratio of 91.55 and a beta of 0.69.
A number of hedge funds have recently made changes to their positions in the stock. Addenda Capital Inc. raised its stake in shares of Descartes Systems Group by 4.4% during the second quarter. Addenda Capital Inc. now owns 451,174 shares of the technology company’s stock worth $16,728,000 after buying an additional 18,840 shares during the last quarter. Riverbridge Partners LLC bought a new stake in shares of Descartes Systems Group during the second quarter worth approximately $26,018,000. Scout Investments Inc. raised its stake in shares of Descartes Systems Group by 64.0% during the second quarter. Scout Investments Inc. now owns 199,556 shares of the technology company’s stock worth $7,374,000 after buying an additional 77,840 shares during the last quarter. Centaurus Financial Inc. raised its stake in shares of Descartes Systems Group by 21.6% during 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 last quarter. Finally, Marshall Wace North America L.P. bought a new stake in shares of Descartes Systems Group during the first quarter worth approximately $142,000. 73.85% of the stock is owned by hedge funds and other institutional investors.
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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