The Descartes Systems Group (TSE:DSG) Reaches New 12-Month High – Should You Buy?

Shares of The Descartes Systems Group Inc. (TSE:DSG) (NASDAQ:DSGX) reached a new 52-week high during trading on Wednesday . The stock traded as high as C$167.15 and last traded at C$165.72, with a volume of 24221 shares changing hands. The stock had previously closed at C$163.08.

Wall Street Analysts Forecast Growth

DSG has been the subject of a number of recent analyst reports. National Bank Financial upgraded shares of The Descartes Systems Group to a “strong-buy” rating in a research note on Wednesday, September 25th. Barclays upgraded shares of The Descartes Systems Group from a “strong sell” rating to a “hold” rating in a research note on Friday, November 15th. Two analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$89.67.

The Descartes Systems Group Stock Performance

The company has a market capitalization of C$14.53 billion, a PE ratio of 81.95, a PEG ratio of 2.39 and a beta of 0.74. The firm has a 50-day moving average of C$150.53 and a two-hundred day moving average of C$139.41. The company has a quick ratio of 1.85, a current ratio of 1.79 and a debt-to-equity ratio of 0.55.

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

Insider Transactions at The Descartes Systems Group

In related news, Senior Officer Kenneth Edward Wood sold 10,079 shares of the business’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 transaction of C$1,328,613.78. Also, Senior Officer Andrew Roszko sold 22,900 shares of the firm’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. 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.