The Descartes Systems Group (TSE:DSG) Upgraded at Barclays

The Descartes Systems Group (TSE:DSG) (NASDAQ:DSGX) was upgraded by equities research analysts at Barclays from a “strong sell” rating to a “hold” rating in a report issued 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 equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of C$89.67.

The Descartes Systems Group Stock Performance

Shares of TSE DSG opened at C$156.95 on Friday. The stock has a fifty day moving average price of C$143.19 and a two-hundred day moving average price of C$136.55. 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 firm has a market cap 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 Descartes Systems Group has a 1 year low of C$105.80 and a 1 year high of C$163.72.

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

Insider Activity

In other news, Senior Officer Kenneth Edward Wood sold 10,079 shares of the 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 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. 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.