The Descartes Systems Group (TSE:DSG) Upgraded at Barclays

Barclays upgraded shares of The Descartes Systems Group (TSE:DSG) (NASDAQ:DSGX) from a hold rating to a strong-buy rating in a research report released on Monday,Zacks.com reports.

A number of other research firms have also weighed in on DSG. Raymond James Financial raised shares of The Descartes Systems Group from a “hold” rating to a “moderate buy” rating in a report on Thursday, December 4th. TD Securities upgraded shares of The Descartes Systems Group to a “strong-buy” rating in a report on Friday, December 5th. Three 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 Descartes Systems Group presently has a consensus rating of “Strong Buy”.

The Descartes Systems Group Price Performance

Shares of DSG opened at C$120.04 on Monday. The company has a quick ratio of 1.85, a current ratio of 1.34 and a debt-to-equity ratio of 0.51. The stock has a market cap of C$10.32 billion, a PE ratio of 67.44, a PEG ratio of 2.39 and a beta of 0.44. The Descartes Systems Group has a 12-month low of C$110.55 and a 12-month high of C$177.98. The business has a 50-day simple moving average of C$119.77 and a two-hundred day simple moving average of C$131.65.

The Descartes Systems Group (TSE:DSG) (NASDAQ:DSGX) last announced its quarterly earnings results on Wednesday, December 3rd. The company reported C$0.70 EPS for the quarter. The Descartes Systems Group had a return on equity of 10.65% and a net margin of 21.80%.The firm had revenue of C$263.74 million for the quarter. Analysts anticipate that The Descartes Systems Group will post 3.3498285 earnings per share for the current fiscal year.

About The Descartes Systems Group

The Descartes Systems Group provides a software solution that allows users in the shipping industry to communicate with one another. The core product is the Global Logistics Network, which is best understood as transaction driven. Descartes charges clients to send/receive messages, data, and documents on the GLN (the transactions). Customers typically contract for a monthly minimum over a multiyear period. The GLN platform allows for Descartes to upsell additional software modules as well, typically provided via a software-as-a-service model.