The Descartes Systems Group (TSE:DSG) Reaches New 12-Month High at $130.92

The Descartes Systems Group Inc. (TSE:DSG) (NASDAQ:DSGX)’s share price hit a new 52-week high on Tuesday . The stock traded as high as C$130.92 and last traded at C$130.89, with a volume of 25526 shares trading hands. The stock had previously closed at C$125.54.

Analyst Ratings Changes

Several analysts have issued reports on the company. William Blair restated an “outperform” rating on shares of The Descartes Systems Group in a research note on Monday, April 1st. Barclays upped their price objective on The Descartes Systems Group from C$71.00 to C$75.00 and gave the company an “underweight” rating in a research note on Tuesday, February 20th. Finally, Royal Bank of Canada upped their price objective on The Descartes Systems Group from C$100.00 to C$110.00 and gave the company an “outperform” rating in a research note on Thursday, March 7th.

The Descartes Systems Group Price Performance

The company has a market capitalization of C$11.02 billion, a P/E ratio of 73.09, a price-to-earnings-growth ratio of 2.17 and a beta of 0.76. The company has a fifty day moving average price of C$122.31 and a 200 day moving average price of C$114.24. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.05 and a quick ratio of 1.85.

The Descartes Systems Group (TSE:DSG) (NASDAQ:DSGX) last posted its earnings results on Wednesday, March 6th. The company reported C$0.50 EPS for the quarter, beating the consensus estimate of C$0.41 by C$0.09. The company had revenue of C$200.32 million during the quarter, compared to analyst estimates of C$197.20 million. The Descartes Systems Group had a return on equity of 9.92% and a net margin of 20.23%. On average, sell-side analysts forecast that The Descartes Systems Group Inc. will post 2.6246523 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director John Scott Pagan sold 20,597 shares of the stock in a transaction that occurred on Friday, April 12th. The stock was sold at an average price of C$123.16, for a total value of C$2,536,726.52. In other The Descartes Systems Group news, Senior Officer Kenneth Edward Wood sold 8,000 shares of the stock in a transaction on Friday, April 5th. The stock was sold at an average price of C$121.62, for a total transaction of C$972,960.00. Also, Director John Scott Pagan sold 20,597 shares of the stock in a transaction on Friday, April 12th. The shares were sold at an average price of C$123.16, for a total value of C$2,536,726.52. Insiders sold 57,195 shares of company stock valued at $7,095,062 in the last three months. 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.