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

10 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for The Descartes Systems Group in the last twelve months. There are currently 1 sell rating, 2 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" DSGX shares. View DSGX analyst ratings or view top-rated stocks .

What is The Descartes Systems Group's stock price target for 2024?

10 brokers have issued 1 year target prices for The Descartes Systems Group's stock. Their DSGX share price targets range from $75.00 to $110.00. On average, they predict the company's stock price to reach $98.44 in the next twelve months. This suggests a possible upside of 8.7% 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 2024?

The Descartes Systems Group's stock was trading at $84.06 at the beginning of the year. Since then, DSGX stock has increased by 7.7% and is now trading at $90.54. View the best growth stocks for 2024 here .

Are investors shorting The Descartes Systems Group?

The Descartes Systems Group saw a increase in short interest in the month of March. As of March 31st, there was short interest totaling 502,600 shares, an increase of 13.0% from the March 15th total of 444,900 shares. Based on an average trading volume of 143,400 shares, the short-interest ratio is currently 3.5 days. Approximately 0.6% of the shares of the stock 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, May 29th 2024. View our DSGX earnings forecast .

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

The Descartes Systems Group Inc. (NASDAQ:DSGX) announced its earnings results on Wednesday, March, 6th. The technology company reported $0.37 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.30 by $0.07. The technology company had revenue of $148.20 million for the quarter, compared to analysts' expectations of $146.62 million. The Descartes Systems Group had a trailing twelve-month return on equity of 9.80% and a net margin of 20.23%. The firm's revenue was up 18.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.34 earnings per share.

What ETF holds The Descartes Systems Group's stock?

iShares Expanded Tech-Software Sector ETF holds 238,224 shares of DSGX stock, representing 0.33% 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) .

Who are The Descartes Systems Group's major shareholders?

The Descartes Systems Group's stock is owned by a number of institutional and retail investors. Top institutional investors include Addenda Capital Inc. (0.27%).

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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

Does The Descartes Systems Group have any subsidiaries?

The following companies are subsidiares of The Descartes Systems Group: Peoplevox. Read More

NASDAQ:DSGX

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

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$90.54

-0.36 (-0.40%)

(As of 04/17/2024 ET)

Compare

Today's Range: $90.00
▼
$91.73
50-Day Range: $84.90
▼
$94.22
52-Week Range: $69.59
▼
$94.54

Volume: 263,924 shs
Average Volume: 118,293 shs
Market Capitalization: $7.71 billion

P/E Ratio: 67.57
Dividend Yield: N/A
Price Target: $98.44

Get The Descartes Systems Group alerts:

The Descartes Systems Group MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.60 Rating Score
Upside/Downside: 8.7% Upside
$98.44 Price Target
Short Interest: Healthy
0.59% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.68
Based on 12 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 17.16%
From $1.69 to $1.98 Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.95 out of 5 stars

Computer And Technology Sector

331st out of 588 stocks

Prepackaged Software Industry

108th out of 191 stocks

2.3

Analyst's Opinion

Consensus Rating
The Descartes Systems Group has received a consensus rating of Moderate Buy. The company's average rating score is 2.60, and is based on 7 buy ratings, 2 hold ratings, and 1 sell rating.
Amount of Analyst Coverage
The Descartes Systems Group has been the subject of 9 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

3.0

Short Interest

Percentage of Shares Shorted
0.59% of the float of The Descartes Systems Group has been sold short.
Short Interest Ratio / Days to Cover
The Descartes Systems Group has a short interest ratio ("days to cover") of 3.5, 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 12.97%, 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.

3.2

News and Social Media Coverage

News Sentiment
The Descartes Systems Group has a news sentiment score of 0.68. 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 higher news sentiment than the 0.46 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 12 news articles for The Descartes Systems Group this week, compared to 3 articles on an average week.
Search Interest
Only 1 people have searched for DSGX on MarketBeat in the last 30 days. This is a decrease of -50% compared to the previous 30 days.
MarketBeat Follows
5 people have added The Descartes Systems Group to their MarketBeat watchlist in the last 30 days. This is an increase of 150% compared to the previous 30 days.

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
77.73% 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 17.16% in the coming year, from $1.69 to $1.98 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of The Descartes Systems Group is 67.57, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 143.97.
Price to Earnings Ratio vs. Sector
The P/E ratio of The Descartes Systems Group is 67.57, 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 250.56.
Price to Book Value per Share Ratio
The Descartes Systems Group has a P/B Ratio of 6.22. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

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About The Descartes Systems Group Stock (NASDAQ:DSGX)

The Descartes Systems Group Inc. provides cloud-based logistics and supply chain management solutions worldwide. Its 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; ecommerce, shipping, and fulfillment; customs and regulatory compliance; global 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 provides consulting, implementation, and training services, as well as maintenance and support services. It serves transportation providers, such as air, ocean, and truck modes; logistics service providers, including third-party logistics providers, freight forwarders, and customs brokers; and distribution-intensive companies, such as manufacturers, retailers, distributors, and mobile business service providers through subscription, transactional or perpetual license basis. The Descartes Systems Group Inc. was incorporated in 1981 and is headquartered in Waterloo, Canada.

DSGX Stock Price History

30 days | 90 days | 365 days | Advanced Chart

DSGX Stock News Headlines

April 17, 2024 | americanbankingnews.com

The Descartes Systems Group (NASDAQ:DSGX) Upgraded by CIBC to "Sector Outperform"

April 15, 2024 | finance.yahoo.com

Descartes’ Study Reveals 54% of Supply Chain and Logistics Operations are Prioritizing Automation to Mitigate Workforce Shortages

April 18, 2024 | Birch Gold (Ad)

IRS Loophole Gives Americans An Escape From Inflation

April 15, 2024 | globenewswire.com

Descartes' Study Reveals 54% of Supply Chain and Logistics Operations are Prioritizing Automation to Mitigate Workforce Shortages

April 13, 2024 | americanbankingnews.com

The Descartes Systems Group (NASDAQ:DSGX) Stock Rating Reaffirmed by Royal Bank of Canada

April 10, 2024 | globenewswire.com

New Descartes MacroPoint™ Capabilities Help Combat Fraud in Transportation and Logistics

April 10, 2024 | americanbankingnews.com

The Descartes Systems Group (NASDAQ:DSGX) Upgraded to Buy by StockNews.com

April 2, 2024 | globenewswire.com

Fashion Brand LOVALL Improves Fulfilment Productivity with Descartes' Ecommerce Warehouse Management System

April 18, 2024 | Birch Gold (Ad)

IRS Loophole Gives Americans An Escape From Inflation

March 28, 2024 | globenewswire.com

Descartes Acquires OCR

March 26, 2024 | globenewswire.com

Bahr Transportation Transforms Operations with Descartes' Transportation Management, Freight Visibility and Capacity Sourcing Solutions

March 19, 2024 | globenewswire.com

Wren Kitchens Completes 56% More Customer Appointments and Saves £2 million Annually with Descartes Routing Solution

March 11, 2024 | finanznachrichten.de

The Descartes Systems Group Inc.: MSC Air Cargo Streamlines Shipment Management Using Descartes' Air Messaging Solution

March 11, 2024 | globenewswire.com

MSC Air Cargo Streamlines Shipment Management Using Descartes' Air Messaging Solution

March 9, 2024 | finanznachrichten.de

The Descartes Systems Group Inc.: Descartes Announces Fiscal 2024 Fourth Quarter and Annual Financial Results

March 8, 2024 | stocknews.com

Gitlab (GTLB) vs. Descartes System (DSGX): Which Software Stock to Invest In?

March 7, 2024 | finance.yahoo.com

The Descartes Systems Group Inc.: Descartes Earnings: Repeat of Last Quarter With Bright Spots Being Subscriptions and Margins

March 7, 2024 | markets.businessinsider.com

Analysts Offer Insights on Technology Companies: The Descartes Systems Group (DSGX), Check Point (CHKP) and GoDaddy (GDDY)

March 7, 2024 | finance.yahoo.com

CANADA STOCKS-TSX climbs on materials, tech boost; Powell testimony in focus

March 7, 2024 | finance.yahoo.com

The Descartes Systems Group Inc. (NASDAQ:DSGX) Q4 2024 Earnings Call Transcript

March 7, 2024 | msn.com

Descartes Systems GAAP EPS of $0.37 in-line, revenue of $148.2M beats by $1.74M

March 6, 2024 | washingtonpost.com

Descartes Systems: Fiscal Q4 Earnings Snapshot

March 6, 2024 | finance.yahoo.com

Descartes sees ‘no end in sight’ for elevated supply chain investments

March 6, 2024 | globenewswire.com

Descartes Announces Fiscal 2024 Fourth Quarter and Annual Financial Results

March 6, 2024 | benzinga.com

Earnings Preview For Descartes Systems Gr

February 25, 2024 | morningstar.com

The Descartes Systems Group Inc DSGX

February 23, 2024 | wsj.com

Descartes Systems Group Inc.

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Company Calendar

Last Earnings: 3/06/2024
Today: 4/18/2024
Next Earnings (Estimated): 5/29/2024
Fiscal Year End: 1/31/2025

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Sector: Computer and Technology
Industry: Prepackaged software
Sub-Industry: N/A
Current Symbol: NASDAQ:DSGX
CUSIP: N/A
CIK: 1050140
Web: www.descartes.com
Phone: (519) 746-8110
Fax: 519-746-1984
Employees: 2,083
Year Founded: 1981

Price Target and Rating

Average Stock Price Target: $98.44
High Stock Price Target: $110.00
Low Stock Price Target: $75.00
Potential Upside/Downside: +8.7%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.60
Research Coverage: 10 Analysts

Profitability

EPS (Most Recent Fiscal Year): $1.34
Trailing P/E Ratio: 67.57
Forward P/E Ratio: 53.57
P/E Growth: N/A
Net Income: $115.91 million
Net Margins: 20.23%
Pretax Margin: 26.38%
Return on Equity: 9.80%
Return on Assets: 8.14%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 2.05
Quick Ratio: 1.79

Sales & Book Value

Annual Sales: $572.90 million
Price / Sales: 13.45
Cash Flow: $2.21 per share
Price / Cash Flow: 40.88
Book Value: $14.55 per share
Price / Book: 6.22

Miscellaneous

Outstanding Shares: 85,110,000
Free Float: 84,845,000
Market Cap: $7.71 billion
Optionable: Optionable
Beta: 0.94

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Key Executives

Mr. Edward J. Ryan B.A. (Age 55)
CEO & Director
Comp: $1.09M
Mr. John Scott Pagan
President & COO
Mr. Allan J. Brett C.A. (Age 55)
C.B.V., Chief Financial Officer
Comp: $794.09k
Mr. Kenneth Edward Wood
Executive Vice President of Product Management
Mr. Andrew Roszko
Chief Commercial Officer
Mr. Raimond Diederik
Executive Vice President of Information Services
Mr. Peter Nguyen
Senior VP Legal, General Counsel & Corporate Secretary
Mr. Christopher Jones (Age 65)
Executive Vice President of Marketing, Industry & Services
Comp: $275k
Mr. Edward James Gardner
Executive Vice President of Corporate Development
Ms. Maija Michell
Senior Vice President of Human Resources

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

DSGX Stock Analysis - Frequently Asked Questions

Should I buy or sell The Descartes Systems Group stock right now?: 10 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for The Descartes Systems Group in the last twelve months. There are currently 1 sell rating, 2 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" DSGX shares.
View DSGX analyst ratings or view top-rated stocks.
What is The Descartes Systems Group's stock price target for 2024?: 10 brokers have issued 1 year target prices for The Descartes Systems Group's stock. Their DSGX share price targets range from $75.00 to $110.00. On average, they predict the company's stock price to reach $98.44 in the next twelve months. This suggests a possible upside of 8.7% 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 2024?: The Descartes Systems Group's stock was trading at $84.06 at the beginning of the year. Since then, DSGX stock has increased by 7.7% and is now trading at $90.54.
View the best growth stocks for 2024 here.
Are investors shorting The Descartes Systems Group?: The Descartes Systems Group saw a increase in short interest in the month of March. As of March 31st, there was short interest totaling 502,600 shares, an increase of 13.0% from the March 15th total of 444,900 shares. Based on an average trading volume of 143,400 shares, the short-interest ratio is currently 3.5 days. Approximately 0.6% of the shares of the stock 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, May 29th 2024.
View our DSGX earnings forecast.
How were The Descartes Systems Group's earnings last quarter?: The Descartes Systems Group Inc. (NASDAQ:DSGX) announced its earnings results on Wednesday, March, 6th. The technology company reported $0.37 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.30 by $0.07. The technology company had revenue of $148.20 million for the quarter, compared to analysts' expectations of $146.62 million. The Descartes Systems Group had a trailing twelve-month return on equity of 9.80% and a net margin of 20.23%. The firm's revenue was up 18.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.34 earnings per share.

What ETF holds The Descartes Systems Group's stock?: iShares Expanded Tech-Software Sector ETF holds 238,224 shares of DSGX stock, representing 0.33% 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).
Who are The Descartes Systems Group's major shareholders?: The Descartes Systems Group's stock is owned by a number of institutional and retail investors. Top institutional investors include Addenda Capital Inc. (0.27%).
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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.
Does The Descartes Systems Group have any subsidiaries?: The following companies are subsidiares of The Descartes Systems Group: Peoplevox.
Read More

This page (NASDAQ:DSGX) was last updated on 4/18/2024 by MarketBeat.com Staff

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

The Descartes Systems Group MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About The Descartes Systems Group Stock (NASDAQ:DSGX)

DSGX Stock Price History

DSGX Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Social Links

Key Executives

Key Competitors

Institutional Ownership

DSGX Stock Analysis - Frequently Asked Questions

Overall MarketRank^™