The Descartes Systems Group Inc. (TSE:DSG) Receives Consensus Rating of “Buy” from Analysts

Shares of The Descartes Systems Group Inc. (TSE:DSG) (NASDAQ:DSGX) have been assigned an average rating of “Buy” from the five analysts that are presently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation, two have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is C$92.50.

DSG has been the subject of several recent analyst reports. Stephens raised The Descartes Systems Group to a “strong-buy” rating in a research note on Saturday. Barclays upgraded The Descartes Systems Group from a “strong sell” rating to a “hold” rating in a report on Friday, November 15th. Finally, Loop Capital upgraded The Descartes Systems Group to a “strong-buy” rating in a report on Tuesday, December 17th.

Insiders Place Their Bets

In other news, Senior Officer Allan Brett sold 5,260 shares of The Descartes Systems Group stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of C$171.60, for a total transaction of C$902,616.00. 0.02% of the stock is owned by company insiders.

The Descartes Systems Group Price Performance

TSE:DSG opened at C$165.82 on Wednesday. The Descartes Systems Group has a one year low of C$113.65 and a one year high of C$174.24. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.85 and a current ratio of 1.79. The stock has a market cap of C$14.17 billion, a PE ratio of 83.33, a P/E/G ratio of 2.39 and a beta of 0.74. The stock has a 50 day moving average price of C$166.41 and a 200 day moving average price of C$150.37.

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.