The Descartes Systems Group (TSE:DSG) Reaches New 12-Month High at $130.92

The Descartes Systems Group Inc. (TSE:DSG) (NASDAQ:DSGX)’s stock price reached a new 52-week high on Tuesday . The stock traded as high as C$130.92 and last traded at C$130.89, with a volume of 25526 shares traded. The stock had previously closed at C$125.54.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. William Blair reaffirmed an “outperform” rating on shares of The Descartes Systems Group in a research note on Monday, April 1st. Barclays boosted their price target on shares of The Descartes Systems Group from C$71.00 to C$75.00 and gave the company an “underweight” rating in a research note on Tuesday, February 20th. Finally, Royal Bank of Canada boosted their price target on shares of The Descartes Systems Group from C$100.00 to C$110.00 and gave the company an “outperform” rating in a research note on Thursday, March 7th.

The Descartes Systems Group Stock Up 3.4 %

The firm has a market cap of C$11.06 billion, a PE ratio of 70.93, a P/E/G ratio of 2.17 and a beta of 0.76. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.85 and a current ratio of 2.05. The firm’s 50-day moving average price is C$121.87 and its two-hundred day moving average price is C$113.94.

The Descartes Systems Group (TSE:DSG) (NASDAQ:DSGX) last issued its quarterly earnings data on Wednesday, March 6th. The company reported C$0.50 earnings per share for the quarter, topping the consensus estimate of C$0.41 by C$0.09. The business had revenue of C$200.32 million during the quarter, compared to the consensus estimate of C$197.20 million. The Descartes Systems Group had a net margin of 20.23% and a return on equity of 9.92%. As a group, equities research analysts expect that The Descartes Systems Group Inc. will post 2.6246523 EPS for the current fiscal year.

Insider Activity at The Descartes Systems Group

In related news, Senior Officer Kenneth Edward Wood sold 8,000 shares of the company’s stock in a transaction on Friday, April 5th. The shares were sold at an average price of C$121.62, for a total value of C$972,960.00. In other news, Senior Officer Kenneth Edward Wood sold 8,000 shares of the company’s stock in a transaction on Friday, April 5th. The shares were sold at an average price of C$121.62, for a total transaction of C$972,960.00. Also, Director John Scott Pagan sold 20,597 shares of the company’s stock in a transaction on Friday, April 12th. The stock was sold at an average price of C$123.16, for a total transaction of C$2,536,726.52. Insiders sold a total of 57,195 shares of company stock worth $7,095,062 in the last 90 days. 0.02% of the stock is owned by insiders.

About The Descartes Systems Group

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.