The Descartes Systems Group (TSE:DSG) Upgraded at TD Securities

TD Securities upgraded shares of The Descartes Systems Group (TSE:DSG) (NASDAQ:DSGX) to a strong-buy rating in a report released on Friday,Zacks.com reports.

Separately, Raymond James Financial upgraded The Descartes Systems Group from a “hold” rating to a “moderate buy” rating in a report on Thursday. Three research analysts have rated the stock with a Strong Buy rating and one has issued a Buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Strong Buy”.

The Descartes Systems Group Stock Performance

TSE:DSG opened at C$128.26 on Friday. The stock has a market cap of C$11.02 billion, a P/E ratio of 75.89, a PEG ratio of 2.39 and a beta of 0.40. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.34 and a quick ratio of 1.85. The firm has a 50-day moving average of C$124.93 and a two-hundred day moving average of C$136.07. The Descartes Systems Group has a 1-year low of C$110.55 and a 1-year high of C$177.98.

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