RY 164.07 0.6379% SHOP 127.42 7.5456% TD 86.07 0.5491% ENB 63.02 -0.1426% BN 71.19 2.8906% TRI 250.82 -0.4129% CNQ 40.5 -0.0494% CP 101.37 0.6454% CNR 135.8 0.6597% BMO 131.37 0.9917% BNS 67.21 0.8856% CSU 4808.0 3.5285% CM 83.6 1.1617% MFC 41.65 3.1196% ATD 73.46 0.232% NGT 74.0 -1.7786% TRP 67.57 -0.3098% SU 48.57 -0.7966% WCN 270.7 -0.9767% L 216.4 0.0647%
Section1: Company Overview
Descartes Systems Group (TSX: DSG) 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). This Report covers the Investment Highlights, Key Financial Metrics, Valuation, Target Price, and Recommendation on the stock.
1.1 Investment Highlights
Section2: Financial Highlights
2.1 Key Financial Highlights
Section 3: Stock Recommendation Summary
3.1 Valuation Methodology
Valuation Methodology (Illustrative): EV to Sales based
3.2 Price Performance and Stock Recommendation
The stock has witnessed an upside of ~11.70% and ~14.93% over the last 1 month and 3 months respectively. Moreover, the stock is trading above the average 52-week high price of CAD 124.00 and 52-week low price of CAD 95.03, providing an opportunity to exit, as the prices are trading near the resistance and could make some correction. Descartes Systems Group (TSX: DSG) was last covered on 29th December 2023.
3.3 One-Year Technical Price Chart
One-Year Technical Price Chart (as of February 6, 2024). Source: REFINITIV, Analysis: Kalkine Group
Note 1: Past performance is not a reliable indicator of future performance.
Note 2: The reference date for all price data, and currency as of February 6, 2024. The reference data in this report has been partly sourced from REFINITIV.
Note 3: Investment decisions should be made depending on an individual's appetite for upside potential, risks, holding duration, and any previous holdings. An 'Exit' from the stock can be considered if the Target Price mentioned as per the Valuation and or the technical levels provided has been achieved and is subject to the factors discussed above.
Note 4: Dividend Yield may vary as per the stock price movement.
The advice given by Kalkine Canada Advisory Services Inc. and provided on this website is general information only and it does not take into account your investment objectives, financial situation and the particular needs of any particular person. You should therefore consider whether the advice is appropriate to your investment objectives, financial situation and needs before acting upon it. You should seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice) as necessary before acting on any advice. Not all investments are appropriate for all people. The website www.kalkine.ca is published by Kalkine Canada Advisory Services Inc. The link to our Terms & Conditions has been provided please go through them. On the date of publishing this report (mentioned on the website), employees and/or associates of Kalkine do not hold positions in any of the stocks covered on the website. These stocks can change any time and readers of the reports should not consider these stocks as advice or recommendations later.
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