Rothschild & Co Redburn Upgrades The Descartes Systems Group (TSE:DSG) to “Strong-Buy”

The Descartes Systems Group (TSE:DSG) (NASDAQ:DSGX) was upgraded by equities research analysts at Rothschild & Co Redburn from a “hold” rating to a “strong-buy” rating in a report released on Thursday,Zacks.com reports.

Separately, Barclays raised The Descartes Systems Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 12th. Three equities research analysts have rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company. According to data from MarketBeat.com, The Descartes Systems Group has a consensus rating of “Strong Buy”.

The Descartes Systems Group Stock Up 0.7%

Shares of TSE:DSG opened at C$104.62 on Thursday. The stock’s 50-day moving average price is C$94.97 and its 200-day moving average price is C$111.86. The Descartes Systems Group has a 12-month low of C$85.26 and a 12-month high of C$162.10. The stock has a market capitalization of C$9.00 billion, a P/E ratio of 55.95, a price-to-earnings-growth ratio of 2.39 and a beta of 0.07. The company has a current ratio of 2.16, a quick ratio of 1.85 and a debt-to-equity ratio of 0.52.

The Descartes Systems Group (TSE:DSG) (NASDAQ:DSGX) last released its earnings results on Wednesday, March 11th. The company reported C$0.65 earnings per share for the quarter. The company had revenue of C$239.67 million during the quarter. The Descartes Systems Group had a return on equity of 10.76% and a net margin of 22.47%. On average, equities analysts anticipate that The Descartes Systems Group will post 3.3498285 earnings per share for the current year.

Insider Buying and Selling

In related news, Director John Scott Pagan sold 20,163 shares of the company’s stock in a transaction that occurred on Monday, April 13th. The stock was sold at an average price of C$90.83, for a total transaction of C$1,831,405.29. Following the completion of the transaction, the director owned 127,639 shares in the company, valued at C$11,593,450.37. This represents a 13.64% decrease in their ownership of the stock. Also, insider Edward Ryan sold 34,193 shares of the firm’s stock in a transaction on Monday, April 13th. The stock was sold at an average price of C$89.70, for a total value of C$3,067,112.10. Following the completion of the sale, the insider directly owned 44,539 shares of the company’s stock, valued at C$3,995,148.30. The trade was a 43.43% decrease in their position. 0.02% of the stock is owned by corporate insiders.

The Descartes Systems Group Company Profile

Descartes powers more responsive, efficient, secure and sustainable international and domestic supply chains by uniting logistics-intensive businesses on its Global Logistics Network (‘GLN’). Shippers, carriers, and logistics service providers connect and collaborate on the GLN, leveraging technology, data and artificial intelligence (‘AI’) to manage last mile deliveries, domestic and international shipments, transportation rating and payment, global trade research, customs compliance and a variety of regulatory processes.