How Many The Descartes Systems Group Inc (NASDAQ:DSGX)’s Analysts Are Bullish?

August 10, 2018 - By Bradley Stiles

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The Descartes Systems Group Inc (NASDAQ:DSGX) Ratings Coverage

Among 3 analysts covering The Descartes Systems Group Inc. – Common Stock (NASDAQ:DSGX), 2 have Buy rating, 0 Sell and 1 Hold. Therefore 67% are positive. The Descartes Systems Group Inc. – Common Stock has $35 highest and $31 lowest target. $34.33’s average target is 1.12% above currents $33.95 stock price. The Descartes Systems Group Inc. – Common Stock had 4 analyst reports since March 6, 2018 according to SRatingsIntel. On Thursday, May 31 the stock rating was maintained by Canaccord Genuity with “Buy”. The firm has “Overweight” rating by Barclays Capital given on Thursday, May 31. Morgan Stanley maintained The Descartes Systems Group Inc (NASDAQ:DSGX) on Friday, June 1 with “Equal-Weight” rating. The rating was maintained by Morgan Stanley with “Equal-Weight” on Tuesday, March 6. Below is a list of The Descartes Systems Group Inc (NASDAQ:DSGX) latest ratings and price target changes.

01/06/2018 Broker: Morgan Stanley Old Rating: Equal-Weight New Rating: Equal-Weight Old Target: $31 New Target: $33 Maintain
31/05/2018 Broker: Barclays Capital Old Rating: Overweight New Rating: Overweight Old Target: $33 New Target: $35 Maintain
31/05/2018 Broker: Canaccord Genuity Old Rating: Buy New Rating: Buy Old Target: $34 New Target: $35 Maintain
06/03/2018 Broker: Morgan Stanley Old Rating: Equal-Weight New Rating: Equal-Weight Old Target: $33 New Target: $31 Maintain

The stock increased 2.11% or $0.7 during the last trading session, reaching $33.95. About 296,495 shares traded or 284.83% up from the average. The Descartes Systems Group Inc (NASDAQ:DSGX) has risen 21.76% since August 10, 2017 and is uptrending. It has outperformed by 9.19% the S&P500.

The Descartes Systems Group Inc. provides federated network and logistics technology solutions worldwide. The company has market cap of $2.62 billion. The companyÂ’s network solutions offer regulatory compliance and customs filing; route and resource planning, execution, and monitoring; access and leverage global trade and restricted party data; inventory and asset visibility; rate and transportation management; and warehouse operation services, as well as connects people to their trading partners and enable business document exchange. It has a 97 P/E ratio. The Company’s Logistics Application Suite offers a range of modular, cloud-based, and interoperable Web and wireless logistics management applications.

More recent The Descartes Systems Group Inc (NASDAQ:DSGX) news were published by: Globenewswire.com which released: “Ontex UK Optimizes Home Delivery with Descartes’ Route Planning Solution” on July 12, 2018. Also Nasdaq.com published the news titled: “Descartes Sets Date to Announce Second Quarter Fiscal 2019 Financial Results” on August 02, 2018. Nasdaq.com‘s news article titled: “Dupré Logistics Selects Descartes MacroPointâ„¢ to Provide Freight Visibility in Support of Growth” with publication date: August 08, 2018 was also an interesting one.

The Descartes Systems Group Inc (NASDAQ:DSGX) Ratings Chart

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