The Descartes Systems Group Inc. (TSE:DSG) Receives Average Rating of “Buy” from Analysts

The Descartes Systems Group Inc. (TSE:DSG) (NASDAQ:DSGX) has been assigned an average rating of “Buy” from the six ratings firms that are currently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation, two have assigned a buy recommendation and three have issued a strong buy recommendation on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is C$92.50.

A number of equities research analysts recently issued reports on DSG shares. Stephens upgraded shares of The Descartes Systems Group to a “strong-buy” rating in a report on Saturday, February 1st. Barclays upgraded shares of The Descartes Systems Group from a “strong sell” rating to a “hold” rating in a research note on Friday, November 15th. Finally, Loop Capital raised The Descartes Systems Group to a “strong-buy” rating in a report on Tuesday, December 17th.

Insiders Place Their Bets

In other The Descartes Systems Group news, Senior Officer Allan Brett sold 5,260 shares of the company’s stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of C$171.60, for a total value of C$902,616.00. Insiders own 0.02% of the company’s stock.

The Descartes Systems Group Price Performance

TSE DSG opened at C$169.55 on Wednesday. The Descartes Systems Group has a 52-week low of C$113.65 and a 52-week high of C$177.98. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.79 and a quick ratio of 1.85. The firm has a market capitalization of C$14.49 billion, a price-to-earnings ratio of 85.20, a price-to-earnings-growth ratio of 2.39 and a beta of 0.74. The company has a 50 day simple moving average of C$166.95 and a 200-day simple moving average of C$151.28.

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.