The Descartes Systems Group (TSE:DSG) Rating Increased to Hold at Barclays

The Descartes Systems Group (TSE:DSG) (NASDAQ:DSGX) was upgraded by equities researchers at Barclays from a “strong sell” rating to a “hold” rating in a note issued to investors on Friday,Zacks.com reports.

Separately, National Bank Financial upgraded The Descartes Systems Group to a “strong-buy” rating in a research 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 MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of C$89.67.

The Descartes Systems Group Trading Down 0.3 %

Shares of TSE DSG opened at C$156.95 on Friday. The stock’s 50 day moving average price is C$143.19 and its two-hundred day moving average price is C$136.55. The Descartes Systems Group has a 52-week low of C$105.80 and a 52-week high of C$163.72. The stock 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 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 (TSE:DSG) (NASDAQ:DSGX) last announced its quarterly earnings data 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 firm had revenue of C$223.45 million for the quarter, compared to analyst estimates of C$217.69 million. On average, analysts anticipate that The Descartes Systems Group will post 3.3498285 earnings per share for the current fiscal year.

Insider Transactions at The Descartes Systems Group

In related news, Senior Officer Kenneth Edward Wood sold 10,079 shares of the 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 value 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 stock was sold at an average price of C$140.45, for a total value 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.