The Descartes Systems Group (TSE:DSG) Upgraded at Loop Capital

Loop Capital upgraded shares of The Descartes Systems Group (TSE:DSG) (NASDAQ:DSGX) to a strong-buy rating in a report published on Tuesday,Zacks.com reports.

A number of other brokerages have also weighed in on DSG. Barclays upgraded shares of The Descartes Systems Group from a “strong sell” rating to a “hold” rating in a report on Friday, November 15th. National Bank Financial upgraded The Descartes Systems Group to a “strong-buy” rating in a report on Wednesday, September 25th. One investment analyst has rated the stock with a hold rating, two have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of C$92.50.

The Descartes Systems Group Trading Down 1.2 %

Shares of DSG stock opened at C$163.95 on Tuesday. The firm’s 50-day simple moving average is C$157.41 and its 200-day simple moving average is C$142.09. 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 Descartes Systems Group has a 1-year low of C$105.80 and a 1-year high of C$174.24. The firm has a market cap of C$14.01 billion, a P/E ratio of 82.39, a PEG ratio of 2.39 and a beta of 0.74.

Insider Activity at The Descartes Systems Group

In other news, Senior Officer Allan Brett sold 5,260 shares of the company’s stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of C$171.60, for a total transaction of C$902,616.00. Also, Senior Officer Andrew Roszko sold 22,900 shares of the firm’s stock in a transaction that occurred on Friday, September 27th. The stock was sold at an average price of C$140.45, for a total value of C$3,216,305.00. 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.