The Descartes Systems Group (TSE:DSG) Hits New 1-Year High – Still a Buy?

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

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on DSG shares. National Bank Financial raised shares of The Descartes Systems Group to a “strong-buy” rating in a research report on Wednesday, September 25th. Barclays raised shares of The Descartes Systems Group from a “strong sell” rating to a “hold” rating in a research report on Friday, November 15th. Two research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, The Descartes Systems Group presently has a consensus rating of “Moderate Buy” and a consensus target price of C$89.67.

The Descartes Systems Group Stock Performance

The stock’s 50-day moving average price is C$147.86 and its 200-day moving average price is C$138.35. 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 company has a market capitalization of C$14.07 billion, a P/E ratio of 82.77, a P/E/G ratio of 2.39 and a beta of 0.74.

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 company had revenue of C$223.45 million for the quarter, compared to the consensus estimate of C$217.69 million. The Descartes Systems Group had a return on equity of 10.28% and a net margin of 21.03%. As a group, equities analysts expect that The Descartes Systems Group Inc. will post 3.3498285 EPS for the current year.

Insider Activity

In related news, Senior Officer Kenneth Edward Wood sold 10,079 shares of The Descartes Systems Group stock in a transaction dated Monday, September 9th. The stock was 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 business’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. 0.02% of the stock is owned by insiders.

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.