The Descartes Systems Group (TSE:DSG) Upgraded at Loop Capital

Loop Capital upgraded shares of The Descartes Systems Group (TSE:DSG) (NASDAQ:DSGX) to a strong-buy rating in a research note published on Tuesday,Zacks.com reports.

Several other research firms have also issued reports on DSG. Barclays raised shares of The Descartes Systems Group from a “strong sell” rating to a “hold” rating in a research note on Friday, November 15th. National Bank Financial raised The Descartes Systems Group to a “strong-buy” rating in a research note on Wednesday, September 25th. One research analyst has rated the stock with a hold rating, two have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, The Descartes Systems Group has a consensus rating of “Buy” and an average target price of C$92.50.

The Descartes Systems Group Stock Performance

DSG stock opened at C$163.95 on Tuesday. The Descartes Systems Group has a 1-year low of C$105.80 and a 1-year high of C$174.24. The business has a 50-day moving average price of C$157.41 and a 200 day moving average price of C$142.09. The company has a market capitalization of C$14.01 billion, a P/E ratio of 82.39, a PEG 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.

Insider Activity

In other The Descartes Systems Group news, Senior Officer Andrew Roszko sold 22,900 shares of the firm’s stock in a transaction on 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. Also, Senior Officer Allan Brett sold 5,260 shares of the stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of C$171.60, for a total transaction of C$902,616.00. Corporate insiders own 0.02% of the company’s stock.

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.