Descartes Systems Group Inc (DSG) Given Consensus Rating of “Buy” by Analysts

Descartes Systems Group Inc (TSE:DSG) (NASDAQ:DSGX) has received an average recommendation of “Buy” from the seven research firms that are currently covering the stock, reports. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is C$35.57.

Separately, Barclays lifted their target price on shares of Descartes Systems Group from C$42.00 to C$43.00 in a report on Tuesday, March 6th.

In other news, insider Robert Parker sold 23,526 shares of Descartes Systems Group stock in a transaction that occurred on Tuesday, March 13th. The shares were sold at an average price of C$37.17, for a total value of C$874,461.42. Also, insider Raimond Diederik sold 11,777 shares of Descartes Systems Group stock in a transaction that occurred on Thursday, March 22nd. The stock was sold at an average price of C$37.77, for a total transaction of C$444,817.29.

TSE DSG traded up C$0.79 during trading hours on Friday, reaching C$39.73. 51,299 shares of the company’s stock traded hands, compared to its average volume of 138,031. Descartes Systems Group has a 52-week low of C$30.29 and a 52-week high of C$39.91.

Descartes Systems Group (TSE:DSG) (NASDAQ:DSGX) last issued its quarterly earnings results on Monday, March 5th. The company reported C$0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.13 by C($0.02). Descartes Systems Group had a net margin of 9.95% and a return on equity of 5.28%. The business had revenue of C$80.78 million for the quarter, compared to analysts’ expectations of C$81.08 million.

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.

Analyst Recommendations for Descartes Systems Group (TSE:DSG)

Receive News & Ratings for Descartes Systems Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Descartes Systems Group and related companies with's FREE daily email newsletter.

Leave a Reply