The Descartes Systems Group (TSE:DSG) Hits New 12-Month High – What’s Next?

by · The Cerbat Gem

The Descartes Systems Group Inc. (TSE:DSG – Get Free Report) (NASDAQ:DSGX)’s stock price hit 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 trading hands. The stock had previously closed at C$139.29.

Analysts Set New Price Targets

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

Check Out Our Latest Report on The Descartes Systems Group

The Descartes Systems Group Stock Up 1.7 %

The stock has a market cap of C$12.43 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’s 50-day moving average is C$135.53 and its 200 day moving average is C$132.09. 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 – Get Free Report) (NASDAQ:DSGX) last announced 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 firm had revenue of C$223.45 million for the quarter, compared to analyst estimates of C$217.69 million. The Descartes Systems Group had a return on equity of 10.28% and a net margin of 21.03%. Sell-side analysts anticipate that The Descartes Systems Group Inc. will post 3.3498285 earnings per share for the current fiscal year.

Insider Activity at The Descartes Systems Group

In other news, 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. 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 shares were sold at an average price of C$140.45, for a total transaction of C$3,216,305.00. Also, Senior Officer Kenneth Edward Wood sold 10,079 shares of the business’s stock in a transaction dated 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. Company insiders own 0.02% of the company’s stock.

About The Descartes Systems Group

(Get Free Report)

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.

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