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

Barclays upgraded shares of The Descartes Systems Group (TSE:DSG) (NASDAQ:DSGX) from a strong sell rating to a hold rating in a research report report published on Friday morning,Zacks.com reports.

Separately, National Bank Financial upgraded The Descartes Systems Group to a “strong-buy” rating in a report on Wednesday, September 25th. Two analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, The Descartes Systems Group presently has an average rating of “Moderate Buy” and an average target price of C$89.67.

The Descartes Systems Group Price Performance

DSG stock opened at C$156.95 on Friday. The Descartes Systems Group has a 1 year low of C$105.80 and a 1 year high of C$163.72. The firm has a market capitalization of C$13.42 billion, a PE ratio of 78.87, a price-to-earnings-growth 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 business has a 50 day simple moving average of C$143.66 and a 200-day simple moving average of C$136.80.

The Descartes Systems Group (TSE:DSG) (NASDAQ:DSGX) last issued its earnings results 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 net margin of 21.03% and a return on equity of 10.28%. The company had revenue of C$223.45 million during the quarter, compared to analysts’ expectations of C$217.69 million. Equities research analysts anticipate that The Descartes Systems Group will post 3.3498285 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Senior Officer Kenneth Edward Wood sold 10,079 shares of the company’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of C$131.82, for a total value of C$1,328,613.78. Also, Senior Officer Andrew Roszko sold 22,900 shares of the firm’s 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 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.