The Descartes Systems Group (TSE:DSG) Hits New 1-Year High – What’s Next?

The Descartes Systems Group Inc. (TSE:DSG) (NASDAQ:DSGX) reached a new 52-week high on Wednesday . The stock traded as high as C$143.56 and last traded at C$143.26, with a volume of 79430 shares trading hands. The stock had previously closed at C$139.29.

Wall Street Analyst Weigh In

Separately, National Bank Financial upgraded The Descartes Systems Group to a “strong-buy” rating in a report on Wednesday, September 25th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of C$89.67.

The Descartes Systems Group Trading Up 2.9 %

The company has a fifty day simple moving average of C$135.32 and a two-hundred day simple moving average of C$131.82. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.79 and a quick ratio of 1.85. The company has a market capitalization of C$12.25 billion, a P/E ratio of 71.41, a price-to-earnings-growth ratio of 2.39 and a beta of 0.74.

The Descartes Systems Group (TSE:DSG) (NASDAQ:DSGX) last posted its earnings results on Wednesday, September 4th. The company reported C$0.55 earnings per share for the quarter, missing the consensus estimate of C$0.59 by C($0.04). The company had revenue of C$223.45 million for the quarter, compared to the consensus estimate of C$217.69 million. The Descartes Systems Group had a net margin of 21.03% and a return on equity of 10.28%. On average, analysts forecast that The Descartes Systems Group Inc. will post 3.3498285 earnings per share for the current fiscal year.

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