Descartes Systems Group Inc (TSE:DSG) (NASDAQ:DSGX) – Equities research analysts at William Blair cut their Q3 2018 EPS estimates for shares of Descartes Systems Group in a research report issued to clients and investors on Thursday. William Blair analyst M. Pfau now forecasts that the company will post earnings per share of $0.12 for the quarter, down from their prior estimate of $0.15. William Blair also issued estimates for Descartes Systems Group’s Q4 2018 earnings at $0.13 EPS, FY2018 earnings at $0.47 EPS, Q1 2019 earnings at $0.13 EPS, Q2 2019 earnings at $0.15 EPS, Q3 2019 earnings at $0.15 EPS, Q4 2019 earnings at $0.15 EPS and FY2019 earnings at $0.57 EPS.
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DSG has been the topic of a number of other research reports. Barclays PLC raised their price objective on shares of Descartes Systems Group from C$36.00 to C$39.00 in a report on Thursday, September 7th. TD Securities raised their price objective on shares of Descartes Systems Group to C$39.00 and gave the stock a “buy” rating in a report on Thursday, June 1st. Canaccord Genuity raised their price objective on shares of Descartes Systems Group to C$38.00 and gave the stock a “buy” rating in a report on Thursday, June 1st. BMO Capital Markets reissued a “market perform” rating and set a C$35.00 price objective on shares of Descartes Systems Group in a report on Thursday, June 1st. Finally, Raymond James Financial, Inc. raised their price objective on shares of Descartes Systems Group to C$38.00 and gave the stock an “outperform” rating in a report on Friday. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of C$35.81.
Shares of Descartes Systems Group (TSE:DSG) traded down 0.44% on Monday, hitting $34.14. 25,498 shares of the stock were exchanged. The stock has a market cap of $2.59 billion and a PE ratio of 106.69. Descartes Systems Group has a 52-week low of $26.92 and a 52-week high of $35.56. The company’s 50 day moving average is $33.53 and its 200-day moving average is $31.90.
About Descartes Systems Group
Descartes Systems Group Inc (Descartes) is a Canada-based global provider of federated network and global logistics technology solutions that help its customers make and receive shipments and manage related resources. Its 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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