The Descartes Systems Group - DSGX Stock Forecast, Price & News

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for The Descartes Systems Group in the last year. There are currently 2 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" DSGX shares.
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6 brokers have issued 12 month target prices for The Descartes Systems Group's shares. Their DSGX share price forecasts range from $68.00 to $85.00. On average, they anticipate the company's share price to reach $76.22 in the next twelve months. This suggests a possible upside of 22.5% from the stock's current price.
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The Descartes Systems Group's stock was trading at $82.68 at the beginning of 2022. Since then, DSGX shares have decreased by 24.7% and is now trading at $62.22.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, December 7th 2022.
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The Descartes Systems Group Inc. (NASDAQ:DSGX) released its earnings results on Wednesday, September, 7th. The technology company reported $0.27 EPS for the quarter, meeting the consensus estimate of $0.27. The technology company earned $123.01 million during the quarter, compared to the consensus estimate of $118.72 million. The Descartes Systems Group had a trailing twelve-month return on equity of 8.97% and a net margin of 19.69%. The Descartes Systems Group's revenue was up 17.6% on a year-over-year basis. During the same period last year, the company posted $0.27 EPS.

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.

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).

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

The Descartes Systems Group's stock is owned by a number of institutional and retail investors. Top institutional investors include Price T Rowe Associates Inc. MD (15.18%), Jarislowsky Fraser Ltd (5.75%), Primecap Management Co. CA (4.09%), Conestoga Capital Advisors LLC (3.61%), Bishop Rock Capital L.P. (3.04%) and Echo Street Capital Management LLC (2.46%).

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.
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One share of DSGX stock can currently be purchased for approximately $62.22.

The Descartes Systems Group (NASDAQ:DSGX) has a market capitalization of $5.28 billion and generates $424.69 million in revenue each year. The technology company earns $86.28 million in net income (profit) each year or $1.06 on an earnings per share basis.

The company employs 1,860 workers across the globe.

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.