NASDAQ:DSGX

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

$69.30

+0.07 (+0.10%)

(As of 11/25/2022 04:00 PM ET)

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Today's Range: $68.88
▼
$69.76
50-Day Range: $62.22
▼
$73.20
52-Week Range: $56.19
▼
$84.34

Volume: 55,849 shs
Average Volume: 230,518 shs
Market Capitalization: $5.88 billion

P/E Ratio: 65.38
Dividend Yield: N/A
Price Target: $74.89

The Descartes Systems Group MarketRank™ Forecast

Analyst Rating: Hold
2.29 Rating Score
Upside/Downside: 8.1% Upside
$74.89 Price Target
Short Interest: Healthy
0.80% of Shares Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.47
Based on 3 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 20.37%
From $1.08 to $1.30 Per Share

Overall MarketRank^™

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

1.81 out of 5 stars

Computer And Technology Sector

515th out of 633 stocks

Prepackaged Software Industry

181st out of 221 stocks

1.1

Analyst's Opinion

Consensus Rating
The Descartes Systems Group has received a consensus rating of Hold. The company's average rating score is 2.29, and is based on 3 buy ratings, 3 hold ratings, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of $74.89, The Descartes Systems Group has a forecasted upside of 8.1% from its current price of $69.30.
Amount of Analyst Coverage
The Descartes Systems Group has only been the subject of 4 research reports in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
0.80% of the outstanding shares of The Descartes Systems Group have been sold short.
Short Interest Ratio / Days to Cover
The Descartes Systems Group has a short interest ratio ("days to cover") of 3.9, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in The Descartes Systems Group has recently increased by 5.12%, indicating that investor sentiment is decreasing significantly.

0.0

Dividend Strength

Dividend Yield
The Descartes Systems Group does not currently pay a dividend.
Dividend Growth
The Descartes Systems Group does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for DSGX.

1.9

News and Social Media Coverage

News Sentiment
The Descartes Systems Group has a news sentiment score of 0.47. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.58 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 3 news articles for The Descartes Systems Group this week, compared to 1 article on an average week.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, The Descartes Systems Group insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 0.31% of the stock of The Descartes Systems Group is held by insiders.
Percentage Held by Institutions
80.28% of the stock of The Descartes Systems Group is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

3.1

Earnings and Valuation

Earnings Growth
Earnings for The Descartes Systems Group are expected to grow by 20.37% in the coming year, from $1.08 to $1.30 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of The Descartes Systems Group is 65.38, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 116.66.
Price to Earnings Ratio vs. Sector
The P/E ratio of The Descartes Systems Group is 65.38, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 345.61.
Price to Book Value per Share Ratio
The Descartes Systems Group has a P/B Ratio of 5.87. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About The Descartes Systems Group (NASDAQ:DSGX) Stock

The Descartes Systems Group Inc. provides cloud-based logistics and supply chain management business process solutions that focuses on enhancing the productivity, performance, and security of logistics-intensive businesses worldwide. Its Logistics Technology platform offers a range of modular, cloud-based, and interoperable web and wireless logistics management applications, which unites a community of logistics-focused parties, allowing them to transact business. The company provides a suite of solutions that include routing, mobile and telematics; transportation management and e-commerce enablement; customs and regulatory compliance; trade data; global logistics network services; and broker and forwarder enterprise systems. It 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. The company also provides cloud-based ecommerce warehouse management solutions; consulting, implementation, and training services; and maintenance and support services. It primarily focuses on serving transportation providers, logistics service providers, and distribution-intensive companies, as well as manufacturers, retailers, distributors, and mobile business service providers. The company was incorporated in 1981 and is headquartered in Waterloo, Canada.

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DSGX Stock News Headlines

November 22, 2022 | finance.yahoo.com

Descartes Systems Group's (TSE:DSG) five-year total shareholder returns outpace the underlying earnings growth

November 21, 2022 | americanbankingnews.com

Wolfe Research Lowers The Descartes Systems Group (NASDAQ:DSGX) to Peer Perform

November 16, 2022 | seekingalpha.com

Descartes Systems Thrives As Recession Clouds Gather

November 8, 2022 | finance.yahoo.com

Declining Stock and Decent Financials: Is The Market Wrong About The Descartes Systems Group Inc. (TSE:DSG)?

October 26, 2022 | ca.finance.yahoo.com

How to Invest $20,000 Now to Help Pay for College

October 22, 2022 | seekingalpha.com

DSGX The Descartes Systems Group Inc.

October 11, 2022 | finance.yahoo.com

The Descartes Systems Group Inc.'s (TSE:DSG) Intrinsic Value Is Potentially 32% Above Its Share Price

October 4, 2022 | nasdaq.com

DSGX Makes Bullish Cross Above Critical Moving Average

September 19, 2022 | benzinga.com

ASRV Strives for Fulfillment Excellence with Descartes' Ecommerce Warehouse and Shipping Solution

September 19, 2022 | finance.yahoo.com

ASRV Strives for Fulfillment Excellence with Descartes’ Ecommerce Warehouse and Shipping Solution

September 9, 2022 | finance.yahoo.com

The Descartes Systems Group Inc.: Descartes Continues to Deliver Solid Results; FVE Steady at $69

September 7, 2022 | sg.finance.yahoo.com

The Descartes Systems Group Inc. (DSGX)

September 7, 2022 | finance.yahoo.com

Descartes Announces Fiscal 2023 Second Quarter Financial Results

September 7, 2022 | finance.yahoo.com

Descartes Systems Group (TSE:DSG) Is Experiencing Growth In Returns On Capital

September 6, 2022 | msn.com

6DSGX : Preview: Descartes Systems Gr's Earnings

August 26, 2022 | msn.com

Descartes Systems (TSX:DSG): A Multi-Bagger Stock to Hold for Decades

August 16, 2022 | markets.businessinsider.com

Expert Ratings for Descartes Systems

August 14, 2022 | finance.yahoo.com

What Does The Descartes Systems Group Inc.'s (TSE:DSG) Share Price Indicate?

August 4, 2022 | finance.yahoo.com

Descartes Sets Date to Announce Second Quarter Fiscal 2023 Financial Results

August 3, 2022 | finance.yahoo.com

C.H. Robinson Extends Relationship with Descartes MacroPoint™ to Help Carriers Transmit Freight Updates

July 20, 2022 | finance.yahoo.com

Blue Sky Distribution Supports Ecommerce Hypergrowth with Descartes Solution

June 27, 2022 | seekingalpha.com

Descartes Systems stock falls after CIBC downgrades to neutral, cuts PT to $71

June 27, 2022 | markets.businessinsider.com

What 5 Analyst Ratings Have To Say About Descartes Systems Gr

June 13, 2022 | stocknews.com

Is This Enterprise AI Stock a Good Buy?

June 2, 2022 | markets.businessinsider.com

What 4 Analyst Ratings Have To Say About Descartes Systems Gr

See More Headlines

30 days | 90 days | 365 days | Advanced Chart

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DSGX Company Calendar

Last Earnings: 9/07/2022
Today: 11/27/2022
Next Earnings (Confirmed): 12/07/2022
Fiscal Year End: 1/31/2023

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Prepackaged software
Sub-Industry: N/A
Sector: Computer and Technology
Current Symbol: NASDAQ:DSGX
CUSIP: N/A
CIK: 1050140
Web: www.descartes.com
Phone: (519) 746-8110
Fax: 519-746-1984
Employees: 1,860
Year Founded: 1981

Price Target and Rating

Average Stock Price Forecast: $74.89
High Stock Price Forecast: $85.00
Low Stock Price Forecast: $60.00
Forecasted Upside/Downside: +8.1%
Consensus Rating: Hold
Rating Score (0-4): 2.29
Research Coverage: 7 Analysts

Profitability

EPS (Most Recent Fiscal Year): $1.06
Trailing P/E Ratio: 65.38
Forward P/E Ratio: 64.17
P/E Growth: N/A
Net Income: $86.28 million
Net Margins: 19.69%
Pretax Margin: 25.12%
Return on Equity: 8.97%
Return on Assets: 7.54%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 1.74
Quick Ratio: 1.73

Sales & Book Value

Annual Sales: $424.69 million
Price / Sales: 13.84
Cash Flow: $1.78 per share
Price / Cash Flow: 38.98
Book Value: $11.81 per share
Price / Book: 5.87

Miscellaneous

Outstanding Shares: 84,820,000
Free Float: 84,555,000
Market Cap: $5.88 billion
Optionable: Not Optionable
Beta: 1.03

Social Links

Key Executives

Mr. Edward J. Ryan B.A. (Age 53)
BA, CEO & Director
Comp: $1.24M

Mr. John Scott Pagan
Pres & COO

Mr. Allan J. Brett C.A.
C.B.V., Chief Financial Officer

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 63)
Exec. VP of Marketing, Industry & Services

Mr. Edward James Gardner
Exec. VP of Corp. Devel.

Ms. Maija Michell
Sr. VP HR

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

DSGX Stock - Frequently Asked Questions

Should I buy or sell The Descartes Systems Group stock right now?: 7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for The Descartes Systems Group in the last year. There are currently 1 sell rating, 3 hold ratings and 3 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?: 7 Wall Street analysts have issued 12-month price targets for The Descartes Systems Group's shares. Their DSGX share price forecasts range from $60.00 to $85.00. On average, they expect the company's stock price to reach $74.89 in the next twelve months. This suggests a possible upside of 8.1% 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 2022?: The Descartes Systems Group's stock was trading at $82.68 at the start of the year. Since then, DSGX shares have decreased by 16.2% and is now trading at $69.30.
View the best growth stocks for 2022 here.
When is The Descartes Systems Group's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, December 7th 2022.
View our DSGX earnings forecast.
How can I listen to The Descartes Systems Group's earnings call?: The Descartes Systems Group will be holding an earnings conference call on Wednesday, December 7th at 5:30 PM Eastern. Interested parties can register for or listen to the call using this link.
How were The Descartes Systems Group's earnings last quarter?: The Descartes Systems Group Inc. (NASDAQ:DSGX) posted its earnings results on Wednesday, September, 7th. The technology company reported $0.27 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.27. The technology company had revenue of $123.01 million for the quarter, compared to analysts' expectations 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 firm's quarterly revenue was up 17.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.27 EPS.
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 shareholders include Price T Rowe Associates Inc. MD (10.75%), Jarislowsky Fraser Ltd (5.71%), Durable Capital Partners LP (5.02%), Primecap Management Co. CA (4.08%), Conestoga Capital Advisors LLC (3.61%) and Vanguard Group Inc. (3.41%).
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 $69.30.
How much money does The Descartes Systems Group make?: The Descartes Systems Group (NASDAQ:DSGX) has a market capitalization of $5.88 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.
How many employees does The Descartes Systems Group have?: The company employs 1,860 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 11/27/2022 by MarketBeat.com Staff

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