The Descartes Systems Group (TSE:DSG) Upgraded to “Strong-Buy” at Barclays

The Descartes Systems Group (TSE:DSG) (NASDAQ:DSGX) was upgraded by research analysts at Barclays from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

DSG has been the subject of several other research reports. Raymond James Financial upgraded shares of The Descartes Systems Group from a “hold” rating to a “moderate buy” rating in a research note on Thursday, December 4th. TD Securities upgraded The Descartes Systems Group to a “strong-buy” rating in a report on Friday, December 5th. Three analysts have rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Strong Buy”.

The Descartes Systems Group Stock Up 1.0%

Shares of TSE:DSG opened at C$123.01 on Monday. The firm has a market capitalization of C$10.58 billion, a PE ratio of 69.11, a price-to-earnings-growth ratio of 2.39 and a beta of 0.44. The Descartes Systems Group has a 1 year low of C$110.55 and a 1 year high of C$177.98. 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’s 50-day moving average is C$119.73 and its two-hundred day moving average is C$131.86.

The Descartes Systems Group (TSE:DSG) (NASDAQ:DSGX) last announced its quarterly earnings data on Wednesday, December 3rd. The company reported C$0.70 earnings per share for the quarter. The Descartes Systems Group had a net margin of 21.80% and a return on equity of 10.65%. The firm had revenue of C$263.74 million during the quarter. Analysts predict that The Descartes Systems Group will post 3.3498285 EPS for the current 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). Customers typically contract for a monthly minimum over a multiyear period. The GLN platform allows for Descartes to upsell additional software modules as well, typically provided via a software-as-a-service model.