The Descartes Systems Group (TSE:DSG) Reaches New 1-Year High – Should You Buy?

The Descartes Systems Group Inc. (TSE:DSG) (NASDAQ:DSGX) shares hit a new 52-week high during trading on Thursday. The company traded as high as C$134.26 and last traded at C$134.01, with a volume of 47,560 shares changing hands. The stock had previously closed at C$132.22.

Wall Street Analysts Forecast Growth

Separately, National Bank Financial raised The Descartes Systems Group to a “strong-buy” rating in a report on Tuesday, July 14th. Four 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.com, The Descartes Systems Group has a consensus rating of “Strong Buy”.

The Descartes Systems Group Stock Performance

The firm has a market capitalization of C$11.35 billion, a P/E ratio of 61.71, a price-to-earnings-growth ratio of 2.39 and a beta of 0.10. The company has a 50-day moving average of C$117.64 and a 200-day moving average of C$104.19. 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 issued its quarterly earnings results on Thursday, September 10th. The company reported C$0.80 earnings per share for the quarter. The company had revenue of C$281.94 million during the quarter. The Descartes Systems Group had a return on equity of 11.69% and a net margin of 24.25%. On average, equities analysts anticipate that The Descartes Systems Group Inc. will post 3.35 earnings per share for the current fiscal year.

Insider Activity at The Descartes Systems Group

In related news, insider Edward Ryan sold 27,888 shares of The Descartes Systems Group stock in a transaction on 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. Corporate insiders own 0.02% of the company’s stock.

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.