After Reaching 52-Week High, Is Descartes Systems Group Inc’s Near-Term Analysis Positive?

 After Reaching 52 Week High, Is Descartes Systems Group Inc's Near Term Analysis Positive?

The stock of Descartes Systems Group Inc (TSE:DSG) hit a new 52-week high and has $42.43 target or 46.00% above today’s $29.06 share price. The 5 months bullish chart indicates low risk for the $2.23 billion company. The 1-year high was reported on Nov, 14 by Barchart.com. If the $42.43 price target is reached, the company will be worth $1.03 billion 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 53,356 shares traded hands. Descartes Systems Group Inc (TSE:DSG) has risen 16.54% since April 8, 2016 and is uptrending. It has outperformed by 11.55% the S&P500.

Descartes Systems Group Inc (TSE:DSG) Ratings Coverage

Out of 4 analysts covering Descartes Systems Group (TSE:DSG), 4 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. $31 is the highest target while $25 is the lowest. The $29.50 average target is 1.51% above today’s ($29.06) stock price. Descartes Systems Group has been the topic of 14 analyst reports since August 28, 2015 according to StockzIntelligence Inc. Scotia Capital maintained the stock with “Outperform” rating in Friday, September 9 report. Scotia Capital maintained the stock with “Outperform” rating in Wednesday, August 31 report. As per Friday, June 17, the company rating was maintained by Scotia Capital. RBC Capital Markets maintained the stock with “Outperform” rating in Friday, May 20 report. The rating was maintained by RBC Capital Markets on Monday, November 30 with “Outperform”.

The Descartes Systems Group Inc. 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 has a market cap of $2.23 billion. 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. It has a 73.23 P/E ratio.

DSG.TO 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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