The Descartes Systems Group (TSE:DSG) Reaches New 1-Year High – Here’s What Happened

The Descartes Systems Group Inc. (TSE:DSG) (NASDAQ:DSGX) shares reached a new 52-week high during trading on Wednesday . The company traded as high as C$167.15 and last traded at C$165.72, with a volume of 24221 shares changing hands. The stock had previously closed at C$163.08.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. National Bank Financial upgraded shares of The Descartes Systems Group to a “strong-buy” rating in a research report on Wednesday, September 25th. Barclays upgraded shares of The Descartes Systems Group from a “strong sell” rating to a “hold” rating in a research note on Friday, November 15th. Two investment analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, The Descartes Systems Group presently has a consensus rating of “Moderate Buy” and an average price target of C$89.67.

The Descartes Systems Group Trading Up 4.2 %

The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.85 and a current ratio of 1.79. The stock has a market capitalization of C$14.53 billion, a PE ratio of 81.95, a price-to-earnings-growth ratio of 2.39 and a beta of 0.74. The business’s 50-day moving average is C$150.53 and its two-hundred day moving average is C$139.41.

The Descartes Systems Group (TSE:DSG) (NASDAQ:DSGX) last issued its quarterly earnings results on Wednesday, September 4th. The company reported C$0.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.59 by C($0.04). The firm had revenue of C$223.45 million for the quarter, compared to analyst estimates of C$217.69 million. The Descartes Systems Group had a return on equity of 10.28% and a net margin of 21.03%. As a group, equities research analysts anticipate that The Descartes Systems Group Inc. will post 3.3498285 earnings per share for the current year.

Insider Buying and Selling at The Descartes Systems Group

In other news, Senior Officer Andrew Roszko sold 22,900 shares of The Descartes Systems Group stock in a transaction on Friday, September 27th. The stock was sold at an average price of C$140.45, for a total transaction of C$3,216,305.00. Also, Senior Officer Kenneth Edward Wood sold 10,079 shares of the stock in a transaction dated Monday, September 9th. The shares were sold at an average price of C$131.82, for a total transaction of C$1,328,613.78. 0.02% of the stock is owned by corporate insiders.

The Descartes Systems Group Company Profile

The Descartes Systems Group Inc provides cloud-based logistics and supply chain management solutions worldwide. Its Logistics Technology platform offers a range of modular, interoperable web and wireless logistics management solutions. The company provides a suite of solutions that include routing, mobile, and telematics; transportation management; ecommerce, shipping, and fulfillment; customs and regulatory compliance; global trade intelligence; broker and forwarder enterprise systems; and B2B messaging and connectivity services.