Today: Today, The Descartes Systems Group Inc. (DSGX) Receives $24.50 Consensus Target Price from Analysts

Today, The Descartes Systems Group Inc. (DSGX) Receives $24.50 Consensus Target Price from Analysts

Shares of The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) have been given an average rating of “Buy” by the eleven ratings firms that are currently covering the company. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating on the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $24.50.

A number of research analysts have recently issued reports on the company. Scotiabank reiterated an “outperform” rating and set a $29.00 target price on shares of The Descartes Systems Group in a research report on Thursday, September 1st. Royal Bank Of Canada increased their target price on The Descartes Systems Group from $23.00 to $25.00 and gave the company an “outperform” rating in a research report on Friday, September 9th. Barclays PLC increased their target price on The Descartes Systems Group from $23.00 to $24.00 and gave the company an “overweight” rating in a research report on Friday, September 9th. BMO Capital Markets reiterated a “hold” rating and set a $22.00 target price on shares of The Descartes Systems Group in a research report on Friday, September 9th. Finally, Morgan Stanley reiterated a “hold” rating and set a $23.00 target price on shares of The Descartes Systems Group in a research report on Friday, September 9th.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. raised its position in shares of The Descartes Systems Group by 814.8% in the second quarter. JPMorgan Chase & Co. now owns 8,919 shares of the company’s stock worth $170,000 after buying an additional 7,944 shares during the last quarter. Woodmont Investment Counsel LLC raised its position in shares of The Descartes Systems Group by 14.1% in the second quarter. Woodmont Investment Counsel LLC now owns 14,379 shares of the company’s stock worth $274,000 after buying an additional 1,779 shares during the last quarter. Suntrust Banks Inc. purchased a new position in shares of The Descartes Systems Group during the second quarter worth $298,000. PineBridge Investments L.P. raised its position in shares of The Descartes Systems Group by 60.2% in the second quarter. PineBridge Investments L.P. now owns 16,033 shares of the company’s stock worth $396,000 after buying an additional 6,023 shares during the last quarter. Finally, BlackRock Institutional Trust Company N.A. raised its position in shares of The Descartes Systems Group by 1,116.7% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 19,017 shares of the company’s stock worth $363,000 after buying an additional 17,454 shares during the last quarter. Hedge funds and other institutional investors own 78.96% of the company’s stock.

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