National Bankshares Analysts Give The Descartes Systems Group (NASDAQ:DSGX) a $125.00 Price Target

National Bankshares set a $125.00 price objective on The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) in a research report report published on Thursday morning, BayStreet.CA reports. The firm currently has an outperform rating on the technology company’s stock.

A number of other research analysts have also recently issued reports on the stock. TD Securities raised their price target on shares of The Descartes Systems Group from $110.00 to $115.00 and gave the stock a buy rating in a report on Thursday, May 30th. Scotiabank lifted their target price on shares of The Descartes Systems Group from $100.00 to $104.00 and gave the company a sector outperform rating in a report on Friday, May 31st. CIBC upped their price target on The Descartes Systems Group from $101.00 to $108.00 and gave the stock an outperform rating in a report on Thursday, May 30th. Raymond James upped their price target on shares of The Descartes Systems Group from $94.00 to $96.00 and gave the stock a market perform rating in a research report on Friday, May 31st. Finally, Royal Bank of Canada reiterated an outperform rating and set a $115.00 price target on shares of The Descartes Systems Group in a research report on Thursday, September 5th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, The Descartes Systems Group has a consensus rating of Moderate Buy and an average price target of $104.83.

The Descartes Systems Group Stock Performance

Shares of NASDAQ DSGX opened at $102.18 on Thursday. The Descartes Systems Group has a 52-week low of $69.59 and a 52-week high of $105.12. The firm has a market capitalization of $8.72 billion, a price-to-earnings ratio of 72.99 and a beta of 0.98. The stock has a 50 day moving average price of $99.17 and a 200 day moving average price of $96.38.

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last posted its earnings results on Wednesday, September 4th. The technology company reported $0.40 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.03). The Descartes Systems Group had a net margin of 21.02% and a return on equity of 10.21%. The business had revenue of $163.43 million for the quarter, compared to analysts’ expectations of $160.17 million. During the same period last year, the business posted $0.32 EPS. The company’s revenue for the quarter was up 14.0% on a year-over-year basis. Analysts forecast that The Descartes Systems Group will post 1.67 earnings per share for the current year.

Institutional Trading of The Descartes Systems Group

A number of institutional investors have recently modified their holdings of the business. Brown Brothers Harriman & Co. acquired a new position in shares of The Descartes Systems Group during the 4th quarter worth $27,000. Central Pacific Bank Trust Division purchased a new stake in The Descartes Systems Group during the 1st quarter worth $28,000. Accent Capital Management LLC purchased a new stake in shares of The Descartes Systems Group in the fourth quarter worth about $32,000. Whittier Trust Co. of Nevada Inc. grew its position in The Descartes Systems Group by 703.3% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 490 shares of the technology company’s stock valued at $45,000 after acquiring an additional 429 shares in the last quarter. Finally, Park Place Capital Corp grew its holdings in The Descartes Systems Group by 48.5% during the 1st quarter. Park Place Capital Corp now owns 671 shares of the technology company’s stock valued at $61,000 after purchasing an additional 219 shares in the last quarter. 77.73% of the stock is currently owned by hedge funds and other institutional investors.

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.