The Descartes Systems Group (NASDAQ:DSGX – Get Free Report) (TSE:DSG) is projected to release its Q2 2027 results after the market closes on Thursday, September 10th. Analysts expect the company to announce earnings of $0.57 per share and revenue of $197.5360 million for the quarter. Individuals are encouraged to explore the company’s upcoming Q2 2027 earning results page for the latest details on the call scheduled for Thursday, September 10, 2026 at 5:30 PM ET.
The Descartes Systems Group Price Performance
Shares of NASDAQ:DSGX opened at $78.94 on Tuesday. The company’s 50-day moving average price is $75.41 and its 200 day moving average price is $72.37. The company has a market cap of $6.75 billion, a PE ratio of 39.47 and a beta of 0.62. The Descartes Systems Group has a fifty-two week low of $62.56 and a fifty-two week high of $109.00.
Analyst Ratings Changes
A number of research firms have recently weighed in on DSGX. Raymond James Financial cut their price target on The Descartes Systems Group from $118.00 to $108.00 and set an “outperform” rating on the stock in a report on Thursday, June 4th. Weiss Ratings upgraded The Descartes Systems Group from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, July 21st. Royal Bank Of Canada set a $125.00 target price on The Descartes Systems Group and gave the company an “outperform” rating in a research note on Friday. Loop Capital reiterated a “buy” rating and set a $96.00 price target on shares of The Descartes Systems Group in a research report on Thursday, June 4th. Finally, Canadian Imperial Bank of Commerce lifted their price objective on shares of The Descartes Systems Group from $116.00 to $118.00 and gave the company an “outperformer” rating in a research note on Thursday, June 4th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $102.46.
Institutional Investors Weigh In On The Descartes Systems Group
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Corient Private Wealth LLC bought a new position in The Descartes Systems Group during the 4th quarter valued at $257,000. Invesco Ltd. raised its stake in shares of The Descartes Systems Group by 8.5% in the 4th quarter. Invesco Ltd. now owns 30,063 shares of the technology company’s stock worth $2,635,000 after buying an additional 2,353 shares in the last quarter. Strive Financial Group LLC acquired a new stake in shares of The Descartes Systems Group in the fourth quarter valued at $1,372,000. State of Tennessee Department of Treasury acquired a new stake in shares of The Descartes Systems Group in the fourth quarter valued at $184,000. Finally, Mackenzie Financial Corp boosted its stake in The Descartes Systems Group by 1.7% during the fourth quarter. Mackenzie Financial Corp now owns 3,371,562 shares of the technology company’s stock valued at $296,326,000 after buying an additional 56,069 shares in the last quarter. Institutional investors own 77.73% of the company’s stock.
About The Descartes Systems Group
The Descartes Systems Group Inc (NASDAQ: DSGX) is a global provider of cloud-based logistics and supply chain management solutions. The company’s software-as-a-service platform connects and optimizes the flow of goods, information and payments across the global supply chain, helping businesses coordinate transportation, customs clearance, routing, scheduling and fleet management. Descartes’ modular applications serve shippers, carriers, third-party logistics providers and regulatory authorities by enabling real-time visibility, compliance and execution across complex trade networks.
Headquartered in Waterloo, Ontario, Descartes was founded in 1981 and has grown through a combination of organic development and strategic acquisitions.
Further Reading
- Five stocks we like better than The Descartes Systems Group
- 3 Under-the-Radar Defense Stocks With Record Backlogs
- This Korea ETF Has Soared, But the Rally May Not Be Over
- Why Guidewire’s Post-Earnings Plunge May Not Last
- Ride-Share Reckoning: Tesla Drives Into Uber’s Lane
Receive News & Ratings for The Descartes Systems Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Descartes Systems Group and related companies with MarketBeat.com's FREE daily email newsletter.
