The Descartes Systems Group (TSE:DSG) Stock Rating Upgraded by Rothschild & Co Redburn

The Descartes Systems Group (TSE:DSGGet Free Report) (NASDAQ:DSGX) was upgraded by equities researchers at Rothschild & Co Redburn from a “hold” rating to a “strong-buy” rating in a research note issued on Thursday,Zacks.com reports.

Separately, Barclays raised shares of The Descartes Systems Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 12th. Three analysts have rated the stock with a Strong Buy rating and one has given a Buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Strong Buy”.

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The Descartes Systems Group Price Performance

Shares of TSE:DSG opened at C$103.93 on Thursday. The Descartes Systems Group has a 12 month low of C$85.26 and a 12 month high of C$162.10. The stock has a market cap of C$8.94 billion, a price-to-earnings ratio of 55.58, a PEG ratio of 2.39 and a beta of 0.07. The stock’s 50 day moving average price is C$94.70 and its 200 day moving average price is C$112.05. 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:DSGGet Free Report) (NASDAQ:DSGX) last announced its earnings results on Wednesday, March 11th. The company reported C$0.65 EPS for the quarter. The Descartes Systems Group had a return on equity of 10.76% and a net margin of 22.47%.The firm had revenue of C$239.67 million for the quarter. Equities research analysts anticipate that The Descartes Systems Group will post 3.3498285 earnings per share for the current fiscal year.

About The Descartes Systems Group

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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.

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