The Descartes Systems Group (TSE:DSG) Stock Rating Upgraded by Raymond James Financial

The Descartes Systems Group (TSE:DSG) (NASDAQ:DSGX) was upgraded by analysts at Raymond James Financial from a “hold” rating to a “moderate buy” rating in a note issued to investors on Thursday,Zacks.com reports.

Separately, TD Securities raised shares of The Descartes Systems Group to a “strong-buy” rating in a research note on Thursday, October 2nd. Three research analysts have rated the stock with a Strong Buy rating and one has given a Buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Strong Buy”.

The Descartes Systems Group Trading Down 3.2%

Shares of DSG opened at C$128.26 on Thursday. The Descartes Systems Group has a 52-week low of C$110.55 and a 52-week high of C$177.98. The stock has a market cap of C$11.02 billion, a PE ratio of 75.89, a price-to-earnings-growth ratio of 2.39 and a beta of 0.40. The firm’s fifty day moving average is C$124.93 and its two-hundred day moving average is C$136.37. The company has a quick ratio of 1.85, a current ratio of 1.34 and a debt-to-equity ratio of 0.51.

The Descartes Systems Group (TSE:DSG) (NASDAQ:DSGX) last issued its earnings results on Wednesday, December 3rd. The company reported C$0.70 EPS for the quarter. The business had revenue of C$263.74 million during the quarter. The Descartes Systems Group had a net margin of 21.80% and a return on equity of 10.65%. Research analysts forecast that The Descartes Systems Group will post 3.3498285 earnings per share for the current fiscal year.

The Descartes Systems Group Company Profile

The Descartes Systems Group provides a software solution that allows users in the shipping industry to communicate with one another. The core product is the Global Logistics Network, which is best understood as transaction driven. Descartes charges clients to send/receive messages, data, and documents on the GLN (the transactions).