In a report released yesterday, Phillip Huang from Barclays maintained a Buy rating on Descartes (DSGX), with a price target of $41. The company’s shares opened today at $34.01.
According to TipRanks.com, Huang is a 5-star analyst with an average return of 10.3% and a 80.6% success rate. Huang covers the Technology sector, focusing on stocks such as Rogers Communication, CGI Group, and Open Text.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Descartes with a $39.20 average price target, a 15.3% upside from current levels. In a report released yesterday, CIBC also reiterated a Buy rating on the stock with a $41 price target.
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The company has a one-year high of $35.87 and a one-year low of $25.19. Currently, Descartes has an average volume of 95.44K.
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The Descartes Systems Group, Inc. is an information technology company, which provides logistics technology solutions. It specializes in cloud-based solutions including modular and software-as-a-service to route, schedule, track, and measure delivery resources; plan, allocate and execute shipments; rate, audit and pay transportation invoices; access and leverage global trade and restricted party data; file customers and security documents for imports and exports; research and perform trade tariff and duty calculations and to complete numerous other logistics processes. It primarily supports transportation industry, logistics service providers, third-party logistics providers, freight forwarders, and custom brokers. The company was founded on May 22, 1981 and is headquartered in Waterloo, Canada.
