Stocks to Watch: Descartes Systems Group (TSE:DSG) Shares Up 0.6%

Descartes Systems Group Inc (TSE:DSG) (NASDAQ:DSGX) shares shot up 0.6% on Thursday . The stock traded as high as C$48.17 and last traded at C$48.05, 19,040 shares were traded during mid-day trading. A decline of 88% from the average session volume of 160,695 shares. The stock had previously closed at C$47.78.

Several brokerages have weighed in on DSG. BMO Capital Markets set a $275.00 target price on shares of Costco Wholesale and gave the company a “buy” rating in a research note on Friday, May 31st. Barclays upgraded shares of Encompass Health from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $68.00 to $70.00 in a research note.

The company has a fifty day simple moving average of C$50.03. The company has a market capitalization of $2.92 billion and a price-to-earnings ratio of 120.15. The company has a current ratio of 0.94, a quick ratio of 0.79 and a debt-to-equity ratio of 46.17.

Descartes Systems Group (TSE:DSG) (NASDAQ:DSGX) last posted its quarterly earnings results on Wednesday, May 29th. The company reported C$0.12 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of C$0.18 by C($0.06). The business had revenue of C$103.71 million for the quarter, compared to analyst estimates of C$106.22 million. On average, equities research analysts expect that Descartes Systems Group Inc will post 0.54 earnings per share for the current year.

Descartes Systems Group Company Profile (TSE:DSG)

The Descartes Systems Group Inc provides federated network and logistics technology solutions worldwide. Its Logistics Application Suite offers a range of modular, cloud-based, and interoperable Web and wireless logistics management applications. The company’s Logistics Application Suite offers solutions, such as route planning and execution, mobile applications, and telematics and compliance; transportation management solutions comprising carrier compliance and rate management, freight audit and settlement, dock scheduling and yard management, pool distribution, transportation planning and execution, and logistics flow control, as well as visibility, tracking, and performance management; and global logistics network services, such as document management, community, and connectivity services.

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