The Descartes Systems Group (TSE:DSG) Shares Up 5.5% – What’s Next?

Shares of The Descartes Systems Group Inc. (TSE:DSG) (NASDAQ:DSGX) traded up 5.5% on Tuesday . The company traded as high as C$106.84 and last traded at C$105.99. Approximately 190,922 shares changed hands during mid-day trading, a decline of 41% from the average daily volume of 325,270 shares. The stock had previously closed at C$100.43.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on DSG shares. National Bank Financial upgraded shares of The Descartes Systems Group to a “strong-buy” rating in a research report on Tuesday, July 14th. Rothschild & Co Redburn upgraded shares of The Descartes Systems Group from a “hold” rating to a “strong-buy” rating in a research 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 stock. Based on data from MarketBeat.com, the company has a consensus rating of “Strong Buy”.

The Descartes Systems Group Trading Up 5.2%

The business has a 50 day moving average of C$100.63 and a 200-day moving average of C$99.85. The stock has a market cap of C$9.05 billion, a PE ratio of 52.56, a price-to-earnings-growth ratio of 2.39 and a beta of 0.13. The company has a current ratio of 2.05, a quick ratio of 1.85 and a debt-to-equity ratio of 0.50.

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

Insider Activity at The Descartes Systems Group

In related news, insider William Chad Murphy sold 2,772 shares of the stock in a transaction on Monday, June 29th. The stock was sold at an average price of C$101.05, for a total transaction of C$280,110.60. 0.02% of the stock is currently owned by 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.