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The Descartes Systems Group (DSGX) Stock Forecast, Price & News

$71.83
+0.97 (+1.37%)
(As of 09/22/2023 ET)
Compare
Today's Range
$71.15
$72.16
50-Day Range
$70.86
$80.86
52-Week Range
$61.26
$82.02
Volume
97,779 shs
Average Volume
129,489 shs
Market Capitalization
$6.11 billion
P/E Ratio
54.83
Dividend Yield
N/A
Price Target
$85.00

The Descartes Systems Group MarketRank™ Forecast

Analyst Rating
Hold
2.38 Rating Score
Upside/​Downside
18.3% Upside
$85.00 Price Target
Short Interest
Bearish
0.71% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
21.37%
From $1.31 to $1.59 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.18 out of 5 stars

Computer And Technology Sector

339th out of 585 stocks

Prepackaged Software Industry

102nd out of 199 stocks


DSGX stock logo

About The Descartes Systems Group (NASDAQ:DSGX) Stock

The Descartes Systems Group Inc. provides cloud-based logistics and supply chain solutions worldwide. The company's Logistics Technology platform offers a range of modular, interoperable web and wireless logistics management solutions. The company provides a suite of solutions that include routing, mobile, and telematics; transportation management; e-commerce shipping and fulfillment; customs and regulatory compliance; trade intelligence; broker and forwarder enterprise systems; and B2B messaging and connectivity services. It also offers its customers to use its modular, software-as-a-service, and data solutions to route, schedule, track, and measure delivery resources; plan, allocate, and execute shipments; rate, audit, and pay transportation invoices; access and analyze global trade data; research and perform trade tariff and duty calculations; file customs and security documents for imports and exports; and various other logistics processes. In addition, the company also provides cloud-based ecommerce warehouse management solutions; consulting, implementation, and training services; and maintenance and support services. It serves transportation providers, logistics service providers, and distribution-intensive companies, as well as manufacturers, retailers, distributors, and business service providers. The Descartes Systems Group Inc. was incorporated in 1981 and is headquartered in Waterloo, Canada.

DSGX Price History

DSGX Stock News Headlines

His system isolated NVIDIA - Here's His Next Buy.
Most investors don't know the truth about A.I. 50-year Wall Street Insider Marc Chaikin reveals what you should be doing to profit. Learn more here.
Descartes Systems (DSGX) Q2 Earnings Lag Estimates
Descartes posts record results at bottom of freight cycle
Descartes Systems Q2 2024 Earnings Preview
His system isolated NVIDIA - Here's His Next Buy.
Most investors don't know the truth about A.I. 50-year Wall Street Insider Marc Chaikin reveals what you should be doing to profit. Learn more here.
Descartes sees February as cycle low point
See More Headlines
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DSGX Company Calendar

Last Earnings
9/06/2023
Today
9/22/2023
Next Earnings (Estimated)
12/06/2023
Fiscal Year End
1/31/2024

Industry, Sector and Symbol

Industry
Prepackaged software
Sub-Industry
N/A
Current Symbol
NASDAQ:DSGX
Employees
2,083
Year Founded
1981

Price Target and Rating

Average Stock Price Forecast
$85.00
High Stock Price Forecast
$100.00
Low Stock Price Forecast
$65.00
Forecasted Upside/Downside
+18.3%
Consensus Rating
Hold
Rating Score (0-4)
2.38
Research Coverage
8 Analysts

Profitability

Net Income
$102.24 million
Pretax Margin
28.07%

Debt

Sales & Book Value

Annual Sales
$486.01 million
Cash Flow
$1.94 per share
Book Value
$13.81 per share

Miscellaneous

Free Float
84,758,000
Market Cap
$6.11 billion
Optionable
Not Optionable
Beta
1.02

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Key Executives

  • Mr. Edward J. Ryan B.A. (Age 54)
    BA, CEO & Director
    Comp: $1.09M
  • Mr. John Scott Pagan
    Pres & COO
  • Mr. Allan J. Brett C.A. (Age 54)
    C.B.V., Chief Financial Officer
    Comp: $794.09k
  • Mr. Kenneth Edward Wood
    Exec. VP of Product Management
  • Mr. Andrew Roszko
    Chief Commercial Officer
  • Mr. Raimond Diederik
    Exec. VP of Information Services
  • Mr. Peter Nguyen
    Sr. VP Legal, Gen. Counsel & Corp. Sec.
  • Mr. Christopher Jones (Age 64)
    Exec. VP of Marketing, Industry & Services
  • Mr. Edward James Gardner
    Exec. VP of Corp. Devel.
  • Ms. Maija Michell
    Sr. VP HR













DSGX Stock - Frequently Asked Questions

Should I buy or sell The Descartes Systems Group stock right now?

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for The Descartes Systems Group in the last twelve months. There are currently 1 sell rating, 3 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" DSGX shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in DSGX, but not buy additional shares or sell existing shares.
View DSGX analyst ratings
or view top-rated stocks.

What is The Descartes Systems Group's stock price forecast for 2023?

8 Wall Street research analysts have issued 12-month target prices for The Descartes Systems Group's stock. Their DSGX share price forecasts range from $65.00 to $100.00. On average, they predict the company's stock price to reach $85.00 in the next year. This suggests a possible upside of 18.3% from the stock's current price.
View analysts price targets for DSGX
or view top-rated stocks among Wall Street analysts.

How have DSGX shares performed in 2023?

The Descartes Systems Group's stock was trading at $69.65 at the beginning of the year. Since then, DSGX stock has increased by 3.2% and is now trading at $71.86.
View the best growth stocks for 2023 here
.

Are investors shorting The Descartes Systems Group?

The Descartes Systems Group saw a increase in short interest in the month of August. As of August 31st, there was short interest totaling 603,100 shares, an increase of 9.3% from the August 15th total of 551,700 shares. Based on an average daily volume of 114,900 shares, the short-interest ratio is currently 5.2 days. Approximately 0.7% of the shares of the company are sold short.
View The Descartes Systems Group's Short Interest
.

When is The Descartes Systems Group's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, December 6th 2023.
View our DSGX earnings forecast
.

How were The Descartes Systems Group's earnings last quarter?

The Descartes Systems Group Inc. (NASDAQ:DSGX) announced its quarterly earnings data on Wednesday, September, 6th. The technology company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.33 by $0.01. The technology company had revenue of $143.39 million for the quarter, compared to analysts' expectations of $139.95 million. The Descartes Systems Group had a net margin of 21.60% and a trailing twelve-month return on equity of 10.22%. The Descartes Systems Group's revenue for the quarter was up 16.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.27 EPS.

What ETF holds The Descartes Systems Group's stock ?

iShares Expanded Tech-Software Sector ETF holds 261,573 shares of DSGX stock, representing 0.30% of its portfolio.

What is Ed Ryan's approval rating as The Descartes Systems Group's CEO?

19 employees have rated The Descartes Systems Group Chief Executive Officer Ed Ryan on Glassdoor.com. Ed Ryan has an approval rating of 91% among the company's employees. This puts Ed Ryan in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of The Descartes Systems Group own?

Based on aggregate information from My MarketBeat watchlists, some companies that other The Descartes Systems Group investors own include Pfizer (PFE), Walmart (WMT), AbbVie (ABBV), Mastercard (MA), NVIDIA (NVDA), Verizon Communications (VZ), Activision Blizzard (ATVI), Kroger (KR), Visa (V) and Valero Energy (VLO).

What is The Descartes Systems Group's stock symbol?

The Descartes Systems Group trades on the NASDAQ under the ticker symbol "DSGX."

Who are The Descartes Systems Group's major shareholders?

The Descartes Systems Group's stock is owned by a variety of retail and institutional investors. Top institutional investors include Jarislowsky Fraser Ltd (5.25%), Durable Capital Partners LP (4.15%), Conestoga Capital Advisors LLC (3.53%), Fiera Capital Corp (2.47%), Mackenzie Financial Corp (1.80%) and Geneva Capital Management LLC (1.69%).

How do I buy shares of The Descartes Systems Group?

Shares of DSGX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is The Descartes Systems Group's stock price today?

One share of DSGX stock can currently be purchased for approximately $71.86.

How much money does The Descartes Systems Group make?

The Descartes Systems Group (NASDAQ:DSGX) has a market capitalization of $6.11 billion and generates $486.01 million in revenue each year. The technology company earns $102.24 million in net income (profit) each year or $1.31 on an earnings per share basis.

How many employees does The Descartes Systems Group have?

The company employs 2,083 workers across the globe.

Does The Descartes Systems Group have any subsidiaries?
The following companies are subsidiares of The Descartes Systems Group: Peoplevox.
Read More
How can I contact The Descartes Systems Group?

The Descartes Systems Group's mailing address is 120 RANDALL ST, WATERLOO A6, N2V 1C6. The official website for the company is www.descartes.com. The technology company can be reached via phone at (519) 746-8110, via email at investor@descartes.com, or via fax at 519-746-1984.

This page (NASDAQ:DSGX) was last updated on 9/22/2023 by MarketBeat.com Staff

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