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The Descartes Systems Group (DSGX) Receives a Buy from RBC Capital

In a report released on September 7, Paul Treiber from RBC Capital maintained a Buy rating on The Descartes Systems Group (DSGXResearch Report), with a price target of $85.00. The company’s shares closed yesterday at $68.84.

Treiber covers the Technology sector, focusing on stocks such as Shopify, Open Text, and Sierra Wireless. According to TipRanks, Treiber has an average return of 8.1% and a 57.14% success rate on recommended stocks.

In addition to RBC Capital, The Descartes Systems Group also received a Buy from Canaccord Genuity’s David Hynes in a report issued on September 8. However, on the same day, BMO Capital maintained a Hold rating on The Descartes Systems Group (NASDAQ: DSGX).

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DSGX market cap is currently $5.74B and has a P/E ratio of 63.01.

Based on the recent corporate insider activity of 7 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of DSGX in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

The Descartes Systems Group, Inc. engages in the provision of 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 other logistics processes. The company was founded on May 22, 1981 and is headquartered in Waterloo, Canada.

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