The Descartes Systems Group (TSE:DSG) Sets New 52-Week High – Should You Buy?

The Descartes Systems Group Inc. (TSE:DSG) (NASDAQ:DSGX) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$149.26 and last traded at C$148.93, with a volume of 22204 shares. The stock had previously closed at C$146.54.

Wall Street Analysts Forecast Growth

Separately, National Bank Financial raised shares of The Descartes Systems Group to a “strong-buy” rating in a report on Wednesday, September 25th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$89.67.

The Descartes Systems Group Trading Down 2.2 %

The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.85 and a current ratio of 1.79. The company has a 50 day moving average of C$138.92 and a 200 day moving average of C$134.12. The stock has a market capitalization of C$12.36 billion, a price-to-earnings ratio of 72.69, a P/E/G ratio of 2.39 and a beta of 0.74.

The Descartes Systems Group (TSE:DSG) (NASDAQ:DSGX) last posted its quarterly earnings results on Wednesday, September 4th. The company reported C$0.55 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.59 by C($0.04). The Descartes Systems Group had a return on equity of 10.28% and a net margin of 21.03%. The business had revenue of C$223.45 million for the quarter, compared to analyst estimates of C$217.69 million. On average, research analysts predict that The Descartes Systems Group Inc. will post 3.3498285 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Senior Officer Andrew Roszko sold 22,900 shares of the firm’s stock in a transaction dated 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 Andrew Roszko sold 22,900 shares of the company’s stock in a transaction 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. Also, Senior Officer Kenneth Edward Wood sold 10,079 shares of the firm’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. 0.02% of the stock is currently owned by corporate 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.