The Descartes Systems Group (TSE:DSG) Upgraded to “Hold” at Barclays

Barclays upgraded shares of The Descartes Systems Group (TSE:DSG) (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 shares of The Descartes Systems Group to a “strong-buy” rating in a research note 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 stock. 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 Price Performance

The Descartes Systems Group stock opened at C$156.95 on Friday. The Descartes Systems Group has a 52 week low of C$105.80 and a 52 week high of C$163.72. The firm has a market capitalization of C$13.42 billion, a PE ratio of 78.87, a P/E/G 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 firm’s 50-day simple moving average is C$143.66 and its 200 day simple moving average is C$136.80.

The Descartes Systems Group (TSE:DSG) (NASDAQ:DSGX) last announced its 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 net margin of 21.03% and a return on equity of 10.28%. The company had revenue of C$223.45 million for the quarter, compared to analyst estimates of C$217.69 million. On average, equities research analysts predict that The Descartes Systems Group will post 3.3498285 EPS for the current fiscal year.

Insider Activity

In related news, Senior Officer Andrew Roszko sold 22,900 shares of the stock in a transaction that occurred on 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. Also, Senior Officer Kenneth Edward Wood sold 10,079 shares of The Descartes Systems Group stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of C$131.82, for a total transaction of C$1,328,613.78. Company 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.