The Descartes Systems Group (TSE:DSG) Upgraded to Moderate Buy at Raymond James Financial

Raymond James Financial upgraded shares of The Descartes Systems Group (TSE:DSG) (NASDAQ:DSGX) from a hold rating to a moderate buy rating in a research report sent to investors on Thursday,Zacks.com reports.

Separately, TD Securities raised shares of The Descartes Systems Group to a “strong-buy” rating in a research note on Thursday, October 2nd. Three analysts have rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company’s stock. According to data from MarketBeat, The Descartes Systems Group has a consensus rating of “Strong Buy”.

The Descartes Systems Group Price Performance

Shares of The Descartes Systems Group stock opened at C$132.45 on Thursday. The firm has a market cap of C$11.38 billion, a PE ratio of 78.37, a PEG ratio of 2.39 and a beta of 0.40. The stock has a 50 day moving average of C$125.01 and a 200 day moving average of C$136.59. The company has a current ratio of 1.34, a quick ratio of 1.85 and a debt-to-equity ratio of 0.51. The Descartes Systems Group has a 12 month low of C$110.55 and a 12 month high of C$177.98.

The Descartes Systems Group (TSE:DSG) (NASDAQ:DSGX) last issued its quarterly earnings data on Wednesday, December 3rd. The company reported C$0.70 earnings per share (EPS) for the quarter. The business had revenue of C$263.74 million for the quarter. The Descartes Systems Group had a return on equity of 10.65% and a net margin of 21.80%. On average, research analysts expect that The Descartes Systems Group will post 3.3498285 EPS for the current fiscal year.

The Descartes Systems Group Company Profile

The Descartes Systems Group provides a software solution that allows users in the shipping industry to communicate with one another. The core product is the Global Logistics Network, which is best understood as transaction driven. Descartes charges clients to send/receive messages, data, and documents on the GLN (the transactions).