The Descartes Systems Group (NASDAQ:DSGX) Given New $135.00 Price Target at TD Securities

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) had its price objective raised by TD Securities from $115.00 to $135.00 in a research report sent to investors on Wednesday morning,BayStreet.CA reports. TD Securities currently has a buy rating on the technology company’s stock.

Several other research analysts have also commented on DSGX. National Bank Financial upgraded The Descartes Systems Group to a “strong-buy” rating in a research report on Wednesday, September 25th. National Bankshares set a $125.00 price objective on The Descartes Systems Group and gave the company an “outperform” rating in a research report on Thursday, September 26th. Barclays upgraded The Descartes Systems Group from an “underweight” rating to an “equal weight” rating and boosted their price objective for the company from $88.00 to $125.00 in a research report on Friday, November 15th. StockNews.com lowered The Descartes Systems Group from a “buy” rating to a “hold” rating in a research report on Monday. Finally, Scotiabank lifted their target price on The Descartes Systems Group from $120.00 to $125.00 and gave the company a “sector outperform” rating in a research note on Wednesday. Five investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $114.17.

The Descartes Systems Group Stock Performance

Shares of NASDAQ:DSGX opened at $119.90 on Wednesday. The Descartes Systems Group has a one year low of $79.21 and a one year high of $122.22. The business’s 50-day simple moving average is $109.07 and its 200 day simple moving average is $101.81. The company has a market cap of $10.25 billion, a P/E ratio of 81.01 and a beta of 0.98.

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last posted its quarterly earnings data on Wednesday, September 4th. The technology company reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.03). The Descartes Systems Group had a return on equity of 10.21% and a net margin of 21.02%. The business had revenue of $163.43 million for the quarter, compared to analysts’ expectations of $160.17 million. During the same quarter in the prior year, the firm earned $0.32 earnings per share. The Descartes Systems Group’s revenue for the quarter was up 14.0% compared to the same quarter last year. Analysts predict that The Descartes Systems Group will post 1.69 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Intact Investment Management Inc. acquired a new position in The Descartes Systems Group in the 2nd quarter worth about $61,000. Blue Trust Inc. increased its holdings in shares of The Descartes Systems Group by 931.7% during the 3rd quarter. Blue Trust Inc. now owns 650 shares of the technology company’s stock valued at $63,000 after acquiring an additional 587 shares during the last quarter. Andra AP fonden acquired a new position in shares of The Descartes Systems Group during the 2nd quarter valued at about $77,000. Whittier Trust Co. of Nevada Inc. increased its holdings in shares of The Descartes Systems Group by 143.7% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 1,194 shares of the technology company’s stock valued at $116,000 after acquiring an additional 704 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in shares of The Descartes Systems Group by 28.6% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,256 shares of the technology company’s stock valued at $122,000 after acquiring an additional 279 shares during the last quarter. 77.73% of the stock is owned by institutional investors and hedge funds.

The Descartes Systems Group Company Profile

The Descartes Systems Group Inc provides cloud-based logistics and supply chain management solutions worldwide. Its Logistics Technology platform offers a range of modular, interoperable web and wireless logistics management solutions. The company provides a suite of solutions that include routing, mobile, and telematics; transportation management; ecommerce, shipping, and fulfillment; customs and regulatory compliance; global trade intelligence; broker and forwarder enterprise systems; and B2B messaging and connectivity services.