The Descartes Systems Group (TSE:DSG) Reaches New 52-Week High – Still a Buy?

The Descartes Systems Group Inc. (TSE:DSG) (NASDAQ:DSGX) shares reached a new 52-week high on Wednesday. The company traded as high as C$136.20 and last traded at C$135.04, with a volume of 7,031 shares. The stock had previously closed at C$134.92.

Wall Street Analyst Weigh In

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

The Descartes Systems Group Trading Down 0.1%

The company has a market capitalization of C$11.53 billion, a PE ratio of 62.66, a PEG ratio of 2.39 and a beta of 0.10. The company has a fifty day simple moving average of C$118.50 and a 200-day simple moving average of C$104.41. The company has a current ratio of 2.02, a quick ratio of 1.85 and a debt-to-equity ratio of 0.46.

The Descartes Systems Group (TSE:DSG) (NASDAQ:DSGX) last announced its quarterly earnings results on Thursday, September 10th. The company reported C$0.80 earnings per share for the quarter. The firm had revenue of C$281.94 million for the quarter. The Descartes Systems Group had a net margin of 24.25% and a return on equity of 11.69%. Analysts predict that The Descartes Systems Group Inc. will post 3.35 EPS for the current year.

Insider Transactions at The Descartes Systems Group

In other The Descartes Systems Group news, insider Edward Ryan sold 27,888 shares of The Descartes Systems Group stock in a transaction dated Wednesday, September 23rd. The shares were sold at an average price of C$111.68, for a total transaction of C$3,114,531.84. 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.