Today’s Rating Change: Scotia Capital Reconfirms a “Outperform” Rating on Descartes Systems Group (TSE:DSG) and $23.00 Target

November 25, 2016 - By Darrin Black

Descartes Systems Group (TSE:DSG) Rating

In analysts report sent to investors on Friday morning, Descartes Systems Group (TSE:DSG) stock “Outperform” was restate by Analysts at Scotia Capital. They currently have a $23.00 price target on the stock. Scotia Capital’s price target suggests a potential downside of -23.92% from the company’s last stock close price.

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 -2.58% below today’s ($30.28) 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. The stock of Descartes Systems Group Inc (TSE:DSG) has “Outperform” rating given on Wednesday, August 31 by Scotia Capital. The firm has “Outperform” rating given on Monday, November 30 by RBC Capital Markets. On Friday, May 20 the stock rating was maintained by RBC Capital Markets with “Outperform”. Scotia Capital maintained Descartes Systems Group Inc (TSE:DSG) rating on Friday, June 17. Scotia Capital has “Outperform” rating and $29 price target.

About 22,639 shares traded hands. Descartes Systems Group Inc (TSE:DSG) has risen 26.26% since April 21, 2016 and is uptrending. It has outperformed by 20.85% the S&P500.

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 $2.31 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 76.61 P/E ratio.

DSG Company Profile

Diamond S Shipping Group, Inc., incorporated on July 31, 2013, provides seaborne transportation of refined petroleum and other products in the international shipping markets. The Firm owns and operates medium range (MR) product tankers. The Firm offers fleet of double hull tankers ranging from 47,130 deadweight tonnage (DWT) to 51,550 DWT. The Company’s fleet consists of approximately 30 MR product tankers, which are built at Korean and Japanese shipyards.

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