The Descartes Systems Group (TSE:DSG) Upgraded by Rothschild & Co Redburn to Strong-Buy Rating

Rothschild & Co Redburn upgraded shares of The Descartes Systems Group (TSE:DSG) (NASDAQ:DSGX) from a hold rating to a strong-buy rating in a research note published on Thursday,Zacks.com reports.

Separately, Barclays upgraded shares of The Descartes Systems Group from a “hold” rating to a “strong-buy” rating in a report on Monday, January 12th. Three analysts have rated the stock with a Strong Buy rating and one has issued a Buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Strong Buy”.

The Descartes Systems Group Price Performance

DSG stock traded up C$0.98 during midday trading on Thursday, reaching C$104.91. The company had a trading volume of 14,489 shares, compared to its average volume of 338,797. The firm has a 50-day moving average price of C$94.70 and a 200-day moving average price of C$112.05. The company has a market capitalization of C$9.02 billion, a P/E ratio of 56.10, a P/E/G ratio of 2.39 and a beta of 0.07. The Descartes Systems Group has a 1 year low of C$85.26 and a 1 year high of C$162.10. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.16 and a quick ratio of 1.85.

The Descartes Systems Group (TSE:DSG) (NASDAQ:DSGX) last released its earnings results on Wednesday, March 11th. The company reported C$0.65 earnings per share for the quarter. The Descartes Systems Group had a return on equity of 10.76% and a net margin of 22.47%.The company had revenue of C$239.67 million during the quarter. On average, research analysts anticipate that The Descartes Systems Group will post 3.3498285 earnings per share for the current fiscal year.

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.