The Descartes Systems Group Inc. (NASDAQ:DSGX) – Stock analysts at William Blair increased their Q3 2018 EPS estimates for The Descartes Systems Group in a research note issued to investors on Thursday. William Blair analyst M. Pfau now anticipates that the firm will post earnings of $0.11 per share for the quarter, up from their prior estimate of $0.10. William Blair also issued estimates for The Descartes Systems Group’s Q4 2018 earnings at $0.11 EPS and FY2018 earnings at $0.41 EPS.
A number of other brokerages have also recently commented on DSGX. BMO Capital Markets restated a “hold” rating and issued a $22.00 price target on shares of The Descartes Systems Group in a research report on Friday. Barclays PLC raised their price target on The Descartes Systems Group from $23.00 to $24.00 and gave the stock an “overweight” rating in a research report on Friday. Royal Bank Of Canada raised their price objective on The Descartes Systems Group from $23.00 to $25.00 and gave the company an “outperform” rating in a research note on Friday. Morgan Stanley reaffirmed a “hold” rating and issued a $23.00 price objective on shares of The Descartes Systems Group in a research note on Friday. Finally, Scotiabank reaffirmed an “outperform” rating and issued a $29.00 price objective on shares of The Descartes Systems Group in a research note on Thursday, September 1st. Five investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $23.61.
Shares of The Descartes Systems Group (NASDAQ:DSGX) traded down 4.13% during mid-day trading on Friday, reaching $20.67. The company’s stock had a trading volume of 39,643 shares. The Descartes Systems Group has a 12 month low of $15.01 and a 12 month high of $22.02. The company has a 50-day moving average of $20.58 and a 200-day moving average of $19.32. The firm has a market cap of $1.57 billion, a PE ratio of 72.02 and a beta of 0.83.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/09/09/the-descartes-systems-group-inc-to-post-q3-2018-earnings-of-0-11-per-share-william-blair-forecasts-dsgx.html
About The Descartes Systems Group
The Descartes Systems Group Inc (Descartes) is a global provider of on-demand, cloud-based software-as-a-service (SaaS) solutions. The Company is focused on logistics and supply chain management business processes. Customers use its modular, SaaS solutions to route, schedule, track and measure delivery resources; plan, allocate and execute shipments; rate, audit and pay transportation invoices; file customs and security documents for imports and exports; research and perform trade tariff and duty calculations and complete other logistics processes.
Receive News & Ratings for The Descartes Systems Group Inc. Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for The Descartes Systems Group Inc. and related companies with MarketBeat.com’s FREE daily email newsletter.