The Descartes Systems Group (TSE:DSG) Hits New 52-Week High – Still a Buy?

The Descartes Systems Group Inc. (TSE:DSG) (NASDAQ:DSGX) reached a new 52-week high during trading on Monday . The company traded as high as C$164.05 and last traded at C$163.83, with a volume of 22515 shares changing hands. The stock had previously closed at C$162.23.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on DSG. National Bank Financial upgraded shares of The Descartes Systems Group to a “strong-buy” rating in a research note on Wednesday, September 25th. Barclays raised shares of The Descartes Systems Group from a “strong sell” rating to a “hold” rating in a research report on Friday, November 15th. Two equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, The Descartes Systems Group currently has an average rating of “Moderate Buy” and a consensus target price of C$89.67.

The Descartes Systems Group Trading Up 1.3 %

The firm has a market capitalization of C$14.05 billion, a PE ratio of 81.52, a PEG ratio of 2.39 and a beta of 0.74. The business has a fifty day moving average price of C$146.62 and a two-hundred day moving average price of C$137.93. The company has a current ratio of 1.79, a quick ratio of 1.85 and a debt-to-equity ratio of 0.55.

The Descartes Systems Group (TSE:DSG) (NASDAQ:DSGX) last announced its 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 Descartes Systems Group had a net margin of 21.03% and a return on equity of 10.28%. The firm had revenue of C$223.45 million during the quarter, compared to analysts’ expectations of C$217.69 million. Analysts expect that The Descartes Systems Group Inc. will post 3.3498285 EPS for the current fiscal year.

Insider Activity at The Descartes Systems Group

In related news, Senior Officer Andrew Roszko sold 22,900 shares of the firm’s stock in a transaction that occurred on Friday, September 27th. The shares were 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 Descartes Systems Group stock in a transaction on Monday, September 9th. The shares were sold at an average price of C$131.82, for a total value of C$1,328,613.78. 0.02% of the stock is currently owned by insiders.

About The Descartes Systems Group

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.