Descartes (NASDAQ:DSGX): RBC Capital Mkts Reconfirms “Outperform” Rating Today, Has a Target of $22.0/Share


Descartes (NASDAQ:DSGX) Rating Reaffirmed

RBC Capital Mkts now has a $22.0 price target on shares of Descartes (NASDAQ:DSGX). The price target could mean a potential upside of 13.34% from the previous close of Descartes (NASDAQ:DSGX). This rating was unveiled in an interesting research report on 4 December.

From a total of 10 analysts covering Descartes Systems Group (NASDAQ:DSGX) stock, 9 rate it a ”Buy”, 0 a “Sell”, and 3 a ”Hold”. This means that 75% of the ratings are positive. The highest target price is $22 while the lowest target price is $16. The mean of all analyst targets is $20.37 with a -0.26% below today’s ($19.41) stock price. Descartes Systems Group was the topic of 9 analyst reports since July 21, 2015 according to the firm StockzIntelligence Inc. RBC Capital Markets maintained shares on November 30 with “Outperform” rating. Barclays Capital maintained DSGX stock in a recent report from September 11 with “Overweight” rating.

The stock decreased 0.31% or $0.06 on December 3, striking $19.41. Approximately shares of stock traded hands. Descartes Systems Group Inc (USA) (NASDAQ:DSGX) has risen 28.88% since May 1, 2015 and is uptrending. It has outperformed by 31.67% the S&P500.

Descartes (NASDAQ:DSGX): RBC Capital Mkts Reconfirms

The Descartes Systems Group Inc. is a global well-known provider of on-demand, cloud software-as-a-service (SaaS) solutions. The company has a market cap of $1.47 billion. The Firm is focused on logistics and supply chain management business processes. It has 83.67 P/E ratio. 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.

According to Zacks Investment Research, “Descartes Systems Group Inc. a leading provider of software-as-a-service logistics solutions. It is delivering results across the globe today for organizations that operate logistics-intensive businesses. Descartes’ logistics management solutions combine a multi-modal network, the Descartes Global Logistics Network, with component-based ‘nano’ sized applications to provide messaging services between logistics trading partners, book-to-bill services for contract carriers and private fleet management services for organizations of all sizes. These solutions and services help Descartes’ customers reduce administrative costs, billing cycles, fleet size, contract carrier costs, and mileage driven and improve pick up and delivery reliability. Descartes Systems Group Inc. is headquartered in Waterloo, Canada.” Get a free copy of the Zacks research report on Descartes Systems Group Inc (USA) (DSGX).