Barclays upgraded shares of The Descartes Systems Group (TSE:DSG - Free Report) NASDAQ: DSGX from a strong sell rating to a hold rating in a report published on Friday morning,Zacks.com reports.
Separately, National Bank Financial raised The Descartes Systems Group to a "strong-buy" rating in a report on Wednesday, September 25th. Two analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of C$89.67.
Read Our Latest Research Report on The Descartes Systems Group
The Descartes Systems Group Trading Down 0.3 %
Shares of DSG traded down C$0.46 during mid-day trading on Friday, hitting C$156.95. 165,600 shares of the company's stock traded hands, compared to its average volume of 104,686. 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 has a 1 year low of C$105.80 and a 1 year high of C$163.72. The firm has a market capitalization of C$13.42 billion, a P/E ratio of 78.87, a PEG ratio of 2.39 and a beta of 0.74. The business's 50-day moving average price is C$143.66 and its 200-day moving average price is C$136.75.
The Descartes Systems Group (TSE:DSG - Get Free Report) NASDAQ: DSGX last posted its earnings results on Wednesday, September 4th. The company reported C$0.55 earnings per share (EPS) for the quarter, missing the consensus estimate 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 business had revenue of C$223.45 million for the quarter, compared to analysts' expectations of C$217.69 million. As a group, sell-side analysts forecast that The Descartes Systems Group will post 3.3498285 EPS for the current fiscal year.
Insiders Place Their Bets
In other news, Senior Officer Andrew Roszko sold 22,900 shares of the company's stock in a transaction dated 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. Also, Senior Officer Kenneth Edward Wood sold 10,079 shares of the company's 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. Company insiders own 0.02% of the company's stock.
The Descartes Systems Group Company Profile
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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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