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 report published on Friday morning,Zacks.com reports.

Separately, National Bank Financial raised shares of The Descartes Systems Group to a “strong-buy” rating in a report on Wednesday, September 25th. Two research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, The Descartes Systems Group has a consensus rating of “Moderate Buy” and an average price target of C$89.67.

The Descartes Systems Group Trading Up 0.6 %

Shares of TSE DSG opened at C$157.84 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 business has a fifty day moving average price of C$143.66 and a 200 day moving average price of C$136.86. The stock has a market capitalization of C$13.49 billion, a P/E 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 Descartes Systems Group (TSE:DSG) (NASDAQ:DSGX) last announced 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 Descartes Systems Group had a net margin of 21.03% and a return on equity of 10.28%. The firm had revenue of C$223.45 million during the quarter, compared to analyst estimates of C$217.69 million. Equities research analysts expect that The Descartes Systems Group will post 3.3498285 EPS for the current fiscal year.

Insiders Place Their Bets

In other The Descartes Systems Group news, Senior Officer Andrew Roszko sold 22,900 shares of the stock in a transaction dated Friday, September 27th. The shares were sold at an average price of C$140.45, for a total value of C$3,216,305.00. Also, Senior Officer Kenneth Edward Wood sold 10,079 shares of the business’s stock in a transaction 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. 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.