The Descartes Systems Group (TSE:DSG) Upgraded to “Strong-Buy” at National Bank Financial

National Bank Financial upgraded shares of The Descartes Systems Group (TSE:DSG) (NASDAQ:DSGX) to a strong-buy rating in a research report released on Tuesday morning,Zacks.com reports.

Separately, Rothschild & Co Redburn upgraded shares of The Descartes Systems Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, April 16th. Four equities research analysts have rated the stock with a Strong Buy rating and one has given a Buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Strong Buy”.

The Descartes Systems Group Trading Down 2.0%

Shares of TSE:DSG opened at C$100.94 on Tuesday. The business’s 50-day moving average is C$99.68 and its 200 day moving average is C$101.11. The Descartes Systems Group has a 1 year low of C$85.26 and a 1 year high of C$150.74. The firm has a market capitalization of C$8.65 billion, a P/E ratio of 50.22, a P/E/G ratio of 2.39 and a beta of 0.13. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.05 and a quick ratio of 1.85.

The Descartes Systems Group (TSE:DSG) (NASDAQ:DSGX) last released its quarterly earnings results on Wednesday, June 3rd. The company reported C$0.75 EPS for the quarter. The company had revenue of C$262.95 million during the quarter. The Descartes Systems Group had a return on equity of 11.26% and a net margin of 23.35%. On average, research analysts predict that The Descartes Systems Group will post 3.3498285 earnings per share for the current fiscal year.

Insider Buying and Selling at The Descartes Systems Group

In other news, insider William Chad Murphy sold 2,772 shares of the stock in a transaction dated Monday, June 29th. The stock was sold at an average price of C$101.05, for a total value of C$280,110.60. Corporate insiders own 0.02% of the company’s stock.

About The Descartes Systems Group

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.