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

The Descartes Systems Group Inc. (TSE:DSG) (NASDAQ:DSGX)’s share price reached a new 52-week high during trading on Monday . The company traded as high as C$161.84 and last traded at C$159.95, with a volume of 6085 shares. The stock had previously closed at C$159.98.

Analyst Ratings Changes

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

The Descartes Systems Group Stock Performance

The stock has a market capitalization of C$13.74 billion, a price-to-earnings ratio of 80.76, a price-to-earnings-growth ratio of 2.39 and a beta of 0.74. The stock’s 50-day simple moving average is C$142.21 and its 200 day simple moving average is C$136.15. 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 released its quarterly earnings results 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 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 the consensus estimate of C$217.69 million. Analysts expect that The Descartes Systems Group Inc. will post 3.3498285 earnings per share for the current fiscal year.

Insider Activity

In other The Descartes Systems Group news, Senior Officer Kenneth Edward Wood sold 10,079 shares of the business’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of C$131.82, for a total value of C$1,328,613.78. In other news, Senior Officer Kenneth Edward Wood sold 10,079 shares of The Descartes Systems Group stock in a transaction 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 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 value of C$3,216,305.00. 0.02% of the stock is currently owned by corporate 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.