Descartes Systems Group Inc (TSE:DSG) (NASDAQ:DSGX) – Research analysts at William Blair lifted their FY2018 earnings estimates for shares of Descartes Systems Group in a research report issued to clients and investors on Wednesday. William Blair analyst M. Pfau now expects that the company will earn $0.48 per share for the year, up from their previous forecast of $0.47. William Blair also issued estimates for Descartes Systems Group’s Q1 2019 earnings at $0.14 EPS, Q3 2019 earnings at $0.17 EPS, Q4 2019 earnings at $0.17 EPS, FY2019 earnings at $0.62 EPS and FY2020 earnings at $0.71 EPS.
Several other equities research analysts have also recently weighed in on the stock. Royal Bank Of Canada raised their price objective on shares of Descartes Systems Group to C$40.00 and gave the company an “outperform” rating in a research report on Friday, September 1st. Barclays raised their price objective on shares of Descartes Systems Group from C$36.00 to C$39.00 in a research report on Thursday, September 7th. BMO Capital Markets restated a “market perform” rating and issued a C$29.00 price objective on shares of Descartes Systems Group in a research report on Thursday, September 7th. Raymond James Financial raised their price objective on shares of Descartes Systems Group to C$38.00 and gave the company an “outperform” rating in a research report on Friday, September 8th. Finally, Canaccord Genuity raised their price objective on shares of Descartes Systems Group from C$30.00 to C$34.00 in a research report on Thursday, November 30th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of C$35.43.
In other news, Director Michael Verhoeve sold 2,500 shares of the firm’s stock in a transaction dated Friday, September 15th. The shares were sold at an average price of C$34.01, for a total value of C$85,025.00. Insiders sold a total of 38,500 shares of company stock worth $1,316,915 in the last ninety days.
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Descartes Systems Group Company Profile
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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