The Descartes Systems Group (TSE:DSG) Reaches New 52-Week High at $130.92

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

Analyst Ratings Changes

A number of brokerages have commented on DSG. William Blair restated an “outperform” rating on shares of The Descartes Systems Group in a research note on Monday, April 1st. Barclays raised their price target on shares of The Descartes Systems Group from C$71.00 to C$75.00 and gave the stock an “underweight” rating in a research note on Tuesday, February 20th. Finally, Royal Bank of Canada raised their price target on shares of The Descartes Systems Group from C$100.00 to C$110.00 and gave the stock an “outperform” rating in a research note on Thursday, March 7th.

The Descartes Systems Group Stock Up 0.7 %

The business’s 50 day moving average price is C$122.31 and its 200-day moving average price is 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 company has a market cap of C$11.02 billion, a P/E ratio of 73.09, a PEG ratio of 2.17 and a beta of 0.76.

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

Insider Activity

In related news, Senior Officer Allan Brett sold 12,505 shares of the firm’s stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of C$126.64, for a total value of C$1,583,633.20. In related news, Senior Officer Allan Brett sold 12,505 shares of the firm’s stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of C$126.64, for a total value of C$1,583,633.20. Also, Senior Officer Kenneth Edward Wood sold 8,000 shares of the firm’s stock in a transaction that occurred on Friday, April 5th. The shares were sold at an average price of C$121.62, for a total transaction of C$972,960.00. Over the last 90 days, insiders sold 57,195 shares of company stock worth $7,095,062. Insiders own 0.02% of the company’s stock.

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.