The Descartes Systems Group (TSE:DSG) Sets New 12-Month High – Here’s Why

The Descartes Systems Group Inc. (TSE:DSG) (NASDAQ:DSGX) reached a new 52-week high on Tuesday . The company traded as high as C$150.53 and last traded at C$150.25, with a volume of 3648 shares trading hands. The stock had previously closed at C$149.22.

Analyst Ratings Changes

Separately, National Bank Financial raised The Descartes Systems Group to a “strong-buy” rating in a report on Wednesday, September 25th. One analyst has rated the stock with a sell rating, one has issued a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, 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$13.39 billion, a price-to-earnings ratio of 78.72, 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$140.23 and a 200 day simple moving average of C$135.06. 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) (NASDAQ:DSGX) last released its quarterly earnings results on Wednesday, September 4th. The company reported C$0.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 company had revenue of C$223.45 million during the quarter, compared to analyst estimates of C$217.69 million. 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 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 transaction of C$3,216,305.00. In other 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 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 value of C$3,216,305.00. 0.02% of the stock is owned by company insiders.

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.