The stock of Descartes Systems Group Inc (USA) (NASDAQ:DSGX) hit a new 52-week high and has $36.43 target or 63.00% above today’s $22.35 share price. The 5 months bullish chart indicates low risk for the $1.73 billion company. The 1-year high was reported on Nov, 17 by Barchart.com. If the $36.43 price target is reached, the company will be worth $1.09B more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 36,495 shares traded hands or 45.69% up from the average. Descartes Systems Group Inc (USA) (NASDAQ:DSGX) has risen 10.11% since April 15, 2016 and is uptrending. It has outperformed by 5.49% the S&P500.
Descartes Systems Group Inc (USA) (NASDAQ:DSGX) Ratings Coverage
Out of 6 analysts covering Descartes Systems Group (NASDAQ:DSGX), 5 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 83% are positive. $25 is the highest target while $17.50 is the lowest. The $21.38 average target is -4.34% below today’s ($22.35) stock price. Descartes Systems Group has been the topic of 18 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The stock of Descartes Systems Group Inc (USA) (NASDAQ:DSGX) has “Outperform” rating given on Friday, December 4 by RBC Capital Markets. The firm has “Overweight” rating by Barclays Capital given on Friday, September 9. The stock has “Buy” rating given by Canaccord Genuity on Friday, September 11. The stock of Descartes Systems Group Inc (USA) (NASDAQ:DSGX) earned “Outperform” rating by RBC Capital Markets on Monday, November 30. The rating was maintained by RBC Capital Markets with “Outperform” on Friday, September 9. The company was maintained on Friday, September 11 by RBC Capital Markets. Barclays Capital maintained Descartes Systems Group Inc (USA) (NASDAQ:DSGX) on Friday, May 27 with “Overweight” rating. Barclays Capital maintained Descartes Systems Group Inc (USA) (NASDAQ:DSGX) rating on Friday, September 11. Barclays Capital has “Overweight” rating and $20 price target. Barclays Capital maintained Descartes Systems Group Inc (USA) (NASDAQ:DSGX) rating on Friday, December 4. Barclays Capital has “Overweight” rating and $22 price target. The company was upgraded on Wednesday, October 19 by IBC.
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.”
DSGX Company Profile
The Descartes Systems Group Inc. (Descartes), incorporated on February 1, 2012, is a global well-known provider of federated network and global logistics technology solutions that help its clients make and receive shipments and manage related resources. The Company’s network 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. The Company’s pricing model allows its clients to purchase its solutions either on a perpetual license, subscription or transactional basis.
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