Media headlines about Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) have been trending positive this week, AlphaOne Sentiment reports. The research firm, a service of Accern, rates the sentiment of news coverage by monitoring more than 20 million blog and news sources in real-time. AlphaOne ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Descartes Systems Group earned a media sentiment score of 0.37 on AlphaOne’s scale. AlphaOne also assigned media coverage about the technology company an impact score of 14 out of 100, indicating that recent news coverage is very unlikely to have an effect on the company’s share price in the near future.
Several research firms have issued reports on DSGX. TD Securities reiterated a “buy” rating and set a $33.00 price objective on shares of Descartes Systems Group in a research note on Friday, March 31st. Scotiabank reiterated an “outperform” rating and set a $32.00 price objective on shares of Descartes Systems Group in a research note on Friday, March 31st. Barclays PLC reiterated a “buy” rating and set a $26.00 price objective on shares of Descartes Systems Group in a research note on Monday, March 13th. Finally, Zacks Investment Research upgraded Descartes Systems Group from a “hold” rating to a “buy” rating and set a $24.00 price objective for the company in a research note on Thursday, February 16th. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $27.50.
Shares of Descartes Systems Group (NASDAQ:DSGX) traded up 0.22% during mid-day trading on Friday, hitting $23.15. The stock had a trading volume of 30,421 shares. Descartes Systems Group has a 1-year low of $18.09 and a 1-year high of $23.75. The company has a market capitalization of $1.76 billion, a P/E ratio of 74.68 and a beta of 0.61. The stock’s 50-day moving average price is $22.61 and its 200 day moving average price is $21.73.
Descartes Systems Group (NASDAQ:DSGX) last announced its earnings results on Wednesday, March 8th. The technology company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.09 by $0.01. Descartes Systems Group had a net margin of 11.63% and a return on equity of 5.56%. The business had revenue of $52.80 million for the quarter, compared to the consensus estimate of $52.42 million. On average, analysts predict that Descartes Systems Group will post $0.43 EPS for the current fiscal year.
About Descartes Systems Group
Descartes Systems Group Inc (Descartes) is a global provider of federated network and global logistics technology solutions that help its customers make and receive shipments and manage related resources. The Company’s network-based solutions, which primarily consist of services and software, connect people to their trading partners and enable business document exchange (bookings, bills of lading, status messages); 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 operations.
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