The Descartes Systems Group (TSE:DSG) Upgraded at Barclays

The Descartes Systems Group (TSE:DSG) (NASDAQ:DSGX) was upgraded by stock analysts at Barclays from a “strong sell” rating to a “hold” rating in a note issued to investors on Friday,Zacks.com reports.

Separately, National Bank Financial raised shares of The Descartes Systems Group to a “strong-buy” rating in a research note on Wednesday, September 25th. Two equities research 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 has an average rating of “Moderate Buy” and an average target price of C$89.67.

The Descartes Systems Group Stock Down 0.3 %

DSG opened at C$156.95 on Friday. The company has a market capitalization of C$13.42 billion, a P/E ratio of 78.87, a P/E/G ratio of 2.39 and a beta of 0.74. 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 firm’s fifty day moving average price is C$143.66 and its two-hundred day moving average price is C$136.75. The Descartes Systems Group has a fifty-two week low of C$105.80 and a fifty-two week high of C$163.72.

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

Insider Activity

In other 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 firm’s stock in a transaction on 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 currently owned by company 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.