Descartes Systems Group Inc (USA) (DSGX) is Upgraded by CIBC to Sector Outperform

Descartes Systems Group Inc (USA) (DSGX) was Upgraded by CIBC to ” Sector Outperform”. Earlier the firm had a rating of “Sector Perform ” on the company shares. CIBC advised their investors in a research report released on Oct 19, 2016.

Many Wall Street Analysts have commented on Descartes Systems Group Inc (USA). Company shares were Reiterated by RBC Capital Mkts on Sep 9, 2016 to “Outperform”, Firm has raised the Price Target to $ 25 from a previous price target of $23 .Company shares were Reiterated by Barclays on Sep 9, 2016 to “Overweight”, Firm has raised the Price Target to $ 24 from a previous price target of $23 .

Descartes Systems Group Inc (USA) closed down -0.04 points or -0.19% at $20.77 with 5,902 shares getting traded on Friday. Post opening the session at $20.8, the shares hit an intraday low of $20.74 and an intraday high of $21 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

The Descartes Systems Group Inc. (Descartes) is a global provider of on-demand cloud-based software-as-a-service (SaaS) solutions. The Company is focused on logistics and supply chain management business processes. Customers use its modular SaaS solutions to route schedule track and measure delivery resources; plan allocate and execute shipments; rate audit and pay transportation invoices; file customs and security documents for imports and exports; research and perform trade tariff and duty calculations and complete other logistics processes. The Company’s primary focus is on serving transportation providers including air ocean and truck modes; logistics service providers including third-party logistics providers freight forwarders and customs brokers and distribution-intensive companies. Its applications are categorized as Routing Mobile & Telematics; Transportation Management; Customs & Regulatory Compliance; GLN Services and Broker & Forwarder Enterprise Systems.

Descartes Systems Group Inc (USA)

Leave a Reply

Descartes Systems Group Inc (USA) - Is it time to Sell?

Top Brokerage Firms are advising their investors on Descartes Systems Group Inc (USA). Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.