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 research report released on Friday morning,Zacks.com reports.

Separately, National Bank Financial raised The Descartes Systems Group to a “strong-buy” rating in a report on Wednesday, September 25th. Two analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, The Descartes Systems Group currently has a consensus rating of “Moderate Buy” and an average target price of C$89.67.

The Descartes Systems Group Price Performance

Shares of TSE:DSG traded down C$0.46 during midday trading on Friday, reaching C$156.95. 165,600 shares of the company were exchanged, compared to its average volume of 104,686. The stock has a market cap of C$13.42 billion, a PE ratio of 78.87, a price-to-earnings-growth ratio of 2.39 and a beta of 0.74. The business’s fifty day moving average is C$143.19 and its two-hundred day moving average is C$136.55. The Descartes Systems Group has a one year low of C$105.80 and a one year high of C$163.72. The company has a current ratio of 1.79, a quick ratio of 1.85 and a debt-to-equity ratio of 0.55.

The Descartes Systems Group (TSE:DSG) (NASDAQ:DSGX) last released its quarterly earnings data on Wednesday, September 4th. The company reported C$0.55 EPS for the quarter, missing the consensus estimate 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 the consensus estimate of C$217.69 million. As a group, analysts predict that The Descartes Systems Group will post 3.3498285 earnings per share for the current year.

Insider Activity

In related news, Senior Officer Kenneth Edward Wood sold 10,079 shares of the company’s stock in a transaction dated 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. Also, Senior Officer Andrew Roszko sold 22,900 shares of the stock in a transaction dated Friday, September 27th. The stock was sold at an average price of C$140.45, for a total transaction of C$3,216,305.00. Corporate 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.