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

The Descartes Systems Group Inc. (TSE:DSG) (NASDAQ:DSGX)’s share price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as C$176.38 and last traded at C$175.66, with a volume of 17148 shares traded. The stock had previously closed at C$171.22.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on DSG. Loop Capital upgraded The Descartes Systems Group to a “strong-buy” rating in a report on Tuesday, December 17th. Barclays raised The Descartes Systems Group from a “strong sell” rating to a “hold” rating in a research report on Friday, November 15th. Finally, Stephens raised The Descartes Systems Group to a “strong-buy” rating in a research report on Saturday, February 1st. One research analyst has rated the stock with a hold rating, two have issued a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of C$92.50.

The Descartes Systems Group Price Performance

The business has a fifty day moving average of C$166.75 and a 200 day moving average of C$151.00. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.79 and a quick ratio of 1.85. The stock has a market cap of C$15.16 billion, a PE ratio of 89.11, a P/E/G ratio of 2.39 and a beta of 0.74.

Insider Activity

In other news, Senior Officer Allan Brett sold 5,260 shares of the business’s stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of C$171.60, for a total transaction of C$902,616.00. Company insiders own 0.02% of the company’s stock.

The Descartes Systems Group Company Profile

The Descartes Systems Group Inc provides cloud-based logistics and supply chain management solutions worldwide. Its Logistics Technology platform offers a range of modular, interoperable web and wireless logistics management solutions. The company provides a suite of solutions that include routing, mobile, and telematics; transportation management; ecommerce, shipping, and fulfillment; customs and regulatory compliance; global trade intelligence; broker and forwarder enterprise systems; and B2B messaging and connectivity services.