In a report issued on July 12, Paul Treiber from RBC Capital reiterated a Buy rating on Descartes (NASDAQ: DSGX), with a price target of $38. The company’s shares closed yesterday at $34.10, close to its 52-week high of $34.55.
Treiber has an average return of 25.1% when recommending Descartes.
According to TipRanks.com, Treiber is ranked #288 out of 4842 analysts.
Descartes has an analyst consensus of Strong Buy, with a price target consensus of $34.25.
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Descartes’ market cap is currently $2.62B and has a P/E ratio of 97.43. The company has a Price to Book ratio of 5.14.
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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.
