In a new note to investors today, an analyst has provided a rating update for the Technology company, Descartes Systems (DSG). BMO Capital’s analyst Thanos Moschopoulos reiterates their Hold rating on the shares, with a C$32 price target.
According to TipRanks.com, Moschopoulos is a 2-star analyst with an average return of 0.6% and a 62.0% success rate. Moschopoulos covers the Technology sector, focusing on stocks such as Maxar Technologies Ltd, CGI Group, and Open Text.
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The word on The Street in general, suggests a Strong Buy analyst consensus rating for Descartes Systems with a C$42 average price target.
Based on Descartes Systems’ latest earnings release for the quarter ending October 31, the company reported a quarterly net profit of C$10.29 million. In comparison, last year the company had a net profit of C$8.43 million.
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.
The company’s shares closed on Thursday at C$40.82.
