The Descartes Systems Group (TSE:DSG) Sets New 52-Week High – Should You Buy?

The Descartes Systems Group Inc. (TSE:DSG) (NASDAQ:DSGX) shares hit a new 52-week high during trading on Monday . The company traded as high as C$164.05 and last traded at C$163.83, with a volume of 22515 shares trading hands. The stock had previously closed at C$162.23.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on DSG shares. Barclays raised The Descartes Systems Group from a “strong sell” rating to a “hold” rating in a report on Friday, November 15th. National Bank Financial upgraded shares of The Descartes Systems Group to a “strong-buy” rating in a research note on Wednesday, September 25th. Two equities research 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 has a consensus rating of “Moderate Buy” and a consensus price target of C$89.67.

The Descartes Systems Group Trading Up 1.3 %

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$14.05 billion, a P/E ratio of 81.52, a P/E/G ratio of 2.39 and a beta of 0.74. The business has a 50-day moving average price of C$146.62 and a two-hundred day moving average price of C$137.93.

The Descartes Systems Group (TSE:DSG) (NASDAQ:DSGX) last posted its quarterly earnings results on Wednesday, September 4th. The company reported C$0.55 EPS for the quarter, missing analysts’ consensus estimates of C$0.59 by C($0.04). The Descartes Systems Group had a return on equity of 10.28% and a net margin of 21.03%. The business had revenue of C$223.45 million for the quarter, compared to analyst estimates of C$217.69 million. On average, analysts expect that The Descartes Systems Group Inc. will post 3.3498285 EPS for the current fiscal year.

Insider Activity

In other news, Senior Officer Kenneth Edward Wood sold 10,079 shares of The Descartes Systems Group stock in a transaction that occurred on Monday, September 9th. The shares were 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 company’s stock in a transaction on 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. 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.