Analysts Set The Descartes Systems Group Inc. (NASDAQ:DSGX) Target Price at $116.15

The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) has been assigned an average recommendation of “Moderate Buy” from the fifteen analysts that are currently covering the stock, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold recommendation, ten have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $116.15.

A number of research analysts recently weighed in on DSGX shares. Canaccord Genuity Group set a $108.00 target price on The Descartes Systems Group and gave the company a “buy” rating in a report on Thursday, September 5th. StockNews.com cut The Descartes Systems Group from a “buy” rating to a “hold” rating in a report on Thursday, December 12th. TD Securities raised their price target on shares of The Descartes Systems Group from $115.00 to $135.00 and gave the company a “buy” rating in a report on Wednesday, December 4th. Royal Bank of Canada boosted their price objective on shares of The Descartes Systems Group from $115.00 to $133.00 and gave the stock an “outperform” rating in a research note on Friday, November 29th. Finally, Loop Capital initiated coverage on shares of The Descartes Systems Group in a research note on Tuesday, December 17th. They issued a “buy” rating and a $140.00 target price on the stock.

The Descartes Systems Group Stock Down 0.4 %

Shares of DSGX opened at $113.60 on Thursday. The Descartes Systems Group has a fifty-two week low of $79.21 and a fifty-two week high of $122.88. The company’s fifty day moving average is $114.20 and its two-hundred day moving average is $104.86. The firm has a market cap of $9.71 billion, a PE ratio of 71.45 and a beta of 0.98.

Hedge Funds Weigh In On The Descartes Systems Group

A number of institutional investors have recently made changes to their positions in the business. Avior Wealth Management LLC grew its position in shares of The Descartes Systems Group by 2.8% during the third quarter. Avior Wealth Management LLC now owns 4,273 shares of the technology company’s stock worth $440,000 after buying an additional 117 shares in the last quarter. Legacy Wealth Asset Management LLC grew its holdings in The Descartes Systems Group by 3.8% during the 3rd quarter. Legacy Wealth Asset Management LLC now owns 3,771 shares of the technology company’s stock worth $388,000 after acquiring an additional 137 shares in the last quarter. Assetmark Inc. increased its position in shares of The Descartes Systems Group by 3.5% in the 3rd quarter. Assetmark Inc. now owns 5,839 shares of the technology company’s stock worth $601,000 after purchasing an additional 197 shares during the last quarter. Parkside Financial Bank & Trust lifted its position in shares of The Descartes Systems Group by 18.3% during the second quarter. Parkside Financial Bank & Trust now owns 1,417 shares of the technology company’s stock worth $137,000 after purchasing an additional 219 shares during the last quarter. Finally, Stephens Inc. AR grew its stake in The Descartes Systems Group by 2.4% in the third quarter. Stephens Inc. AR now owns 10,086 shares of the technology company’s stock worth $1,038,000 after purchasing an additional 238 shares in 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.