Equities research analysts at BMO Capital Markets boosted their price target on shares of Descartes Systems Group (NASDAQ: DSGX)
The analysts wrote, ?Descartes reported Q4/13 results that exceeded expectations. Revenues were $33.8 million (+14% y/y in c/c) versus the consensus of $33.3 million while adj. EBITDA per share was $0.16 versus the consensus of $0.15. On a y/y basis, revenue growth was helped by four acquisitions but hurt by the shedding of legacy Porthus revenue. Management?s Q1/14 calibration (a measure of its firm visibility at this point in the quarter) calls for $31.8 million of revenue and $7.7 million of adj. EBITDA, and was essentially in line, from our perspective.? Several other analysts have also recently commented on the stock. Analysts at Paradigm Capital raised their price target on shares of Descartes Systems Group from $10.50 to $12.00 in a research note to investors on Friday. They now have a ?buy? rating on the stock. Separately, analysts at Pi Financial raised their price target on shares of Descartes Systems Group from $10.60 to $11.25 in a research note to investors on Friday. They now have a ?buy? rating on the stock. Finally, analysts at TD Securities raised their price target on shares of Descartes Systems Group from $10.00 to $11.50 in a research note to investors on Friday. They now have a ?buy? rating on the stock. Nine investment analysts have rated the stock with a buy rating, and two have assigned a hold rating to the company?s stock. The company presently has an average rating of ?buy? and a consensus target price of $10.46. Descartes Systems Group traded up 1.89% on Friday, hitting $9.71. Descartes Systems Group has a 1-year low of $7.75 and a 1-year high of $9.76. The stock?s 50-day moving average is currently $9.27. The company has a market cap of $608.0 million and a price-to-earnings ratio of 47.65. Descartes Systems Group last posted its quarterly earnings results on Thursday, March 7th. The company reported $0.16 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.15 by $0.01. The company had revenue of $33.80 million for the quarter, compared to the consensus estimate of $33.45 million. Analysts expect that Descartes Systems Group will post $0.55 EPS for the current fiscal year.
The Descartes Systems Group Inc. (Descartes) is a global provider of federated network and global logistics technology solutions that help its customers make and receive shipments and manage related resources.