The Descartes Systems Group Inc. (TSE:DSG) Receives Consensus Recommendation of “Buy” from Brokerages

Shares of The Descartes Systems Group Inc. (TSE:DSG) (NASDAQ:DSGX) have received an average recommendation of “Buy” from the six research firms that are presently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold rating, two have assigned a buy rating and three have given a strong buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is C$92.50.

Several equities research analysts have recently weighed in on DSG shares. Barclays upgraded shares of The Descartes Systems Group from a “strong sell” rating to a “hold” rating in a research report on Friday, November 15th. Stephens raised shares of The Descartes Systems Group to a “strong-buy” rating in a research report on Saturday, February 1st. Finally, Loop Capital raised The Descartes Systems Group to a “strong-buy” rating in a report on Tuesday, December 17th.

The Descartes Systems Group Stock Performance

TSE:DSG opened at C$169.55 on Wednesday. The company has a current ratio of 1.79, a quick ratio of 1.85 and a debt-to-equity ratio of 0.55. The Descartes Systems Group has a 1-year low of C$113.65 and a 1-year high of C$177.98. The stock’s 50-day moving average is C$166.95 and its 200-day moving average is C$151.28. The stock has a market cap of C$14.49 billion, a P/E ratio of 85.20, a price-to-earnings-growth ratio of 2.39 and a beta of 0.74.

Insider Activity at The Descartes Systems Group

In other The Descartes Systems Group news, Senior Officer Allan Brett sold 5,260 shares of The Descartes Systems Group stock in a transaction that occurred 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. 0.02% of the stock is owned by corporate insiders.

About The Descartes Systems Group

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.