The Descartes Systems Group (TSE:DSG) Sets New 1-Year High – Time to Buy?

The Descartes Systems Group Inc. (TSE:DSG) (NASDAQ:DSGX) reached a new 52-week high on Thursday. The company traded as high as C$134.26 and last traded at C$134.01, with a volume of 47,560 shares traded. The stock had previously closed at C$132.22.

Wall Street Analyst Weigh In

Separately, National Bank Financial raised The Descartes Systems Group to a “strong-buy” rating in a research note on Tuesday, July 14th. Four equities research analysts have rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Strong Buy”.

The Descartes Systems Group Price Performance

The stock has a market capitalization of C$11.28 billion, a price-to-earnings ratio of 61.30, a P/E/G ratio of 2.39 and a beta of 0.07. The company has a quick ratio of 1.85, a current ratio of 2.02 and a debt-to-equity ratio of 0.46. The stock has a fifty day moving average of C$116.71 and a 200-day moving average of C$104.06.

The Descartes Systems Group (TSE:DSG) (NASDAQ:DSGX) last posted its earnings results on Thursday, September 10th. The company reported C$0.80 EPS for the quarter. The business had revenue of C$281.94 million for the quarter. The Descartes Systems Group had a return on equity of 11.69% and a net margin of 24.25%. On average, equities research analysts predict that The Descartes Systems Group Inc. will post 3.35 EPS for the current fiscal year.

Insider Activity at The Descartes Systems Group

In other news, insider Edward Ryan sold 27,888 shares of the business’s stock in a transaction that occurred on Wednesday, September 23rd. The stock was sold at an average price of C$111.68, for a total transaction of C$3,114,531.84. 0.02% of the stock is owned by company 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.