The Descartes Systems Group (TSE:DSG) Hits New 1-Year High – What’s Next?

The Descartes Systems Group Inc. (TSE:DSG) (NASDAQ:DSGX)’s stock price reached a new 52-week high during trading on Wednesday . The company traded as high as C$143.56 and last traded at C$143.26, with a volume of 79430 shares. The stock had previously closed at C$139.29.

Wall Street Analyst Weigh In

Separately, National Bank Financial raised The Descartes Systems Group to a “strong-buy” rating in a report on Wednesday, September 25th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of C$89.67.

The Descartes Systems Group Trading Up 2.9 %

The company has a current ratio of 1.79, a quick ratio of 1.85 and a debt-to-equity ratio of 0.55. The stock has a market capitalization of C$12.25 billion, a price-to-earnings ratio of 71.41, a PEG ratio of 2.39 and a beta of 0.74. The firm has a 50-day moving average of C$135.32 and a 200 day moving average of C$131.82.

The Descartes Systems Group (TSE:DSG) (NASDAQ:DSGX) last issued its quarterly 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 firm had revenue of C$223.45 million for the quarter, compared to analyst estimates of C$217.69 million. As a group, equities analysts predict that The Descartes Systems Group Inc. will post 3.3498285 EPS for the current fiscal year.

Insider Transactions at The Descartes Systems Group

In other 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 transaction of C$3,216,305.00. In other 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 Kenneth Edward Wood sold 10,079 shares of the firm’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. Corporate insiders own 0.02% of the company’s stock.

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.