The Descartes Systems Group (TSE:DSG) Reaches New 1-Year High – Time to Buy?

The Descartes Systems Group Inc. (TSE:DSG) (NASDAQ:DSGX)’s stock price reached a new 52-week high on Tuesday . The stock traded as high as C$146.39 and last traded at C$146.39, with a volume of 7970 shares trading hands. The stock had previously closed at C$145.46.

Analyst Ratings Changes

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

The Descartes Systems Group Stock Performance

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 company has a market capitalization of C$12.73 billion, a price-to-earnings ratio of 73.10, a price-to-earnings-growth ratio of 2.39 and a beta of 0.74. The firm has a fifty day simple moving average of C$135.65 and a 200 day simple moving average of C$132.31.

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

Insider Buying and Selling

In other news, Senior Officer Andrew Roszko sold 22,900 shares of the firm’s stock in a transaction that occurred 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. In related news, Senior Officer Kenneth Edward Wood sold 10,079 shares of the company’s stock in a transaction dated Monday, September 9th. The shares were 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 that occurred 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. 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.