Overview
The Descartes Systems Group Inc., headquartered in Waterloo, Ontario, Canada, specializes in logistics and supply chain management solutions. This technology company serves global clients by integrating information systems that optimize logistics processes, enhancing transportation and logistics operations across multiple industries. Key projects often involve innovations in real-time tracking and route optimization, demonstrated through their advanced Logistics Technology Platform, which supports route planning, transportation management, customs and regulatory compliance, and other logistics services. Descartes Systems plays a pivotal role in supporting the flow of goods in various sectors, including retail, manufacturing, and distribution, thus bolstering efficiency and responsiveness in increasingly complex global markets.
Basic Stats
The share price of The Descartes Systems Group Inc. as of September 4, 2025 is $106.22 / share. This is an increase of 6.22% from the prior week. The market cap (or net worth) of The Descartes Systems Group Inc. as of September 4, 2025 is $9,127.88 MM.
The Factor Analysis chart (below right) shows a view of The Descartes Systems Group Inc. from a variety of lenses. Each factor shows how well the company ranks against all other companies in the Fintel global investing universe. Factor scores range from zero to 100, with 100 being most desirable, and 50 being average.
For example, a company with a Value Score of 100 would be the most undervalued company in our database. A company with a Value Score of zero would be the most overvalued.
| Market Cap | 9,127.88 MM |
| EV | 8,887.25 MM |
| Shares Out. | 85.93 MM |
| Earnings Date | |
| EPS (TTM) | 1.72 |
| Dividend Yield | |
| Ex-Dividend Date | |
| Borrow Rate | 0.25 |
| Short Shares Avail. | 0.95 MM |
| Short Interest | 1.05 MM |
| Short Float | 1.23 % |
| Days to Cover | 1.56 days |
| Risk Free Rate | 4.22 % |
| Price Change (1 yr) | 7.56 % |
| Volatility (1 yr) | 0.30 |
| Beta | 0.90 |
| Sharpe Ratio (1 yr) | 0.11 |
| Sortino Ratio (1 yr) | 0.17 |
| PE Ratio | 61.60 |
| Price/Book | 6.09 |
| Price/TBV | 58.00 |
| Book/Market | 0.16 |
| EBIT/EV | 0.02 |
| EBIT(3yr avg)/EV | 0.02 |
| ROA | 0.09 |
| ROE | 0.11 |
| ROIC | 0.10 |
| CROIC | -0.01 |
| OCROIC | 0.16 |
| Implied Volatility | 20.71 % |
| Put/Call OI Ratio | 0.52 |
Factor Scores range from 0 to 100, with 100 being most desirable. Larger circles are better. In situations where we have no data (e.g. no insider trades), we plot the score at 50 to avoid penalizing companies. However, a company that does not pay dividends will get a Dividend Score of Zero. Additionally, we inverted volatility to create a "stability" metric which is better when higher.
Price Target
The average one-year price target for The Descartes Systems Group Inc. is $99.22. The forecasts range from a low of $98.25 to a high of $102.14. A stock’s price target is the price at which analysts consider it fairly valued with respect to its projected earnings and historical earnings. Analysts typically set price targets that correspond to their buy or sell recommendations.
Update Frequency: Monthly
Stock Upgrades/Downgrades
This card shows analyst upgrades/downgrades for The Descartes Systems Group Inc.. An analyst rating is a classification that gives investors a sense of analyst sentiment about the direction and performance of an equity - usually a stock - over a period of time, typically 12 months.
The standard analyst ratings are generally as follows:
- Buy/Overweight/Outperform - Any of these ratings conveys an analyst’s belief that the stock is likely to outperform a market index (e.g. the S&P 500).
- Hold/Equal-Weight/Market Perform - Any of these ratings conveys an analyst’s belief that the stock is likely to perform in line with a market index.
- Sell/Underweight/Underperform - Any of these ratings suggest that an analyst believes the stock is likely to underperform a market index.
When an analyst upgrades a stock, they are signaling that the company’s fundamentals are being undervalued by investors. It could also mean they believe the market is underestimating the company’s potential. The opposite is true when a stock receives a downgrade.
The average rating of each individual analyst’s rating is the consensus rating for a stock. This gives investors a broader sense of the overall sentiment for that stock.
| Date | Analyst | Prior | Latest Recommendation |
Action |
|---|---|---|---|---|
| 2019-08-22 | Wolfe Research | Outperform | Initiate | |
| 2023-06-01 | SCOTIABANK GBM | Outperform | Outperform | Maintains |
| 2023-05-31 | SCOTIABANK GBM | Outperform | Outperform | Maintains |
| 2023-05-23 | LAURENTIAN BANK SECURITIES | Hold | Buy | Upgrade |
| 2023-05-22 | LAURENTIAN BANK SECURITIES | Hold | Buy | Upgrade |
| 2023-03-14 | SCOTIABANK GBM | Outperform | Outperform | Maintains |
| 2023-03-02 | LAURENTIAN BANK SECURITIES | Hold | Buy | Upgrade |
| 2022-12-08 | STA Research | Hold | Maintains | |
| 2022-12-08 | TD Research | Buy | Maintains | |
| 2022-12-08 | Morningstar Inc. | Hold | Maintains | |
| 2022-12-06 | TD Research | Buy | Maintains | |
| 2022-09-08 | STA Research | Hold | Maintains | |
| 2022-06-27 | STA Research | Hold | Maintains | |
| 2022-06-02 | BMO Financial | Market Perform | Initiate | |
| 2022-06-02 | Canaccord Capital | Buy | Initiate | |
| 2022-06-02 | Morningstar | Hold | Initiate | |
| 2022-05-27 | National Bank of Canada Financial | Buy | Initiate | |
| 2022-03-03 | CIBC Capital Markets | Outperform | Maintains | |
| 2022-03-03 | Raymond James Capital | Market Perform | Initiate | |
| 2022-03-03 | Morningstar | Sell | Maintains | |
| 2022-03-01 | Scotiabank Capital | Outperform | Maintains | |
| 2022-01-06 | Morningstar | Hold | Maintains | |
| 2021-12-28 | Morningstar | Sell | Maintains | |
| 2021-12-02 | LAURENTIAN BANK SECURITIES | Buy | Hold | Downgrade |
| 2021-12-02 | Morningstar | Hold | Initiate | |
| 2021-12-02 | ScotiaBankFinancial | Outperform | Maintains | |
| 2021-12-01 | LAURENTIAN BANK SECURITIES | Buy | Hold | Downgrade |
| 2021-11-29 | TD SECURITIES | Buy | Buy | Maintains |
| 2021-11-28 | TD SECURITIES | Buy | Buy | Maintains |
| 2021-09-01 | LAURENTIAN BANK SECURITIES | Hold | Buy | Upgrade |
| 2021-09-01 | LAURENTIAN BANK SECURITIES | Buy | Buy | Maintains |
| 2021-08-31 | LAURENTIAN BANK SECURITIES | Buy | Buy | Maintains |
| 2021-03-03 | STIFEL CANADA | Buy | Buy | Maintains |
| 2021-03-02 | STIFEL CANADA | Buy | Buy | Maintains |
| 2021-03-01 | LAURENTIAN BANK SECURITIES | Hold | Hold | Maintains |
| 2020-12-03 | Raymond James Financial | Market Perform | Maintains | |
| 2020-09-10 | TD Securities | Buy | Maintains | |
| 2020-09-10 | ScotiaBank | Sector Outperform | Maintains | |
| 2020-06-04 | RBC Capital | Outperform | Maintains | |
| 2020-05-28 | Canaccord Genuity | Buy | Reiterate | |
| 2020-05-26 | ScotiaBank | Sector Outperform | Maintains | |
| 2020-01-10 | Barclays | Overweight | Equal-Weight | Downgrade |
| 2020-01-10 | TD Securities | Buy | Maintains | |
| 2019-12-05 | Barclays | Overweight | Maintains | |
| 2019-12-05 | Canaccord Genuity | Buy | Maintains | |
| 2017-09-07 | BMO Capital | Market Perform | Maintains | |
| 2017-06-01 | TD Securities | Buy | Maintains | |
| 2017-06-01 | Sbank | Outperform | Maintains | |
| 2017-06-01 | Raymond James Financial | Outperform | Maintains | |
| 2017-06-01 | Canaccord Genuity | Buy | Maintains | |
| 2017-06-01 | BMO Capital Markets | Market Perform | Maintains | |
| 2019-07-02 | Stephens & Co. | Equal-Weight | Initiate | |
| 2019-05-30 | Barclays | 55 | 61 | Upgrade |
| 2018-09-18 | Industrial Alliance Securities | 29 | 33 | Upgrade |
| 2018-06-01 | Morgan Stanley | Equal-Weight | Equal-Weight | Maintains |
| 2018-05-31 | Canaccord Genuity | Buy | Buy | Maintains |
| 2018-05-31 | Barclays | 43 | 45 | Upgrade |
| 2018-03-06 | Barclays | 42 | 43 | Upgrade |
| 2018-03-06 | Morgan Stanley | Equal-Weight | Equal-Weight | Maintains |
| 2017-12-01 | Barclays | 39 | 42 | Upgrade |
| 2017-11-30 | Raymond James Financial | Outperform | Market Perform | Downgrade |
| 2017-11-30 | Canaccord Genuity | 30 | 34 | Upgrade |
| 2017-11-30 | Raymond James | Outperform | Market Perform | Downgrade |
| 2017-09-07 | Barclays | 36 | 39 | Upgrade |
| 2017-09-07 | BMO Capital Markets | Market Perform | Reiterate | |
| 2017-09-07 | Canaccord Genuity | Buy | Maintains | |
| 2017-03-31 | RBC Capital | Outperform | Maintains | |
| 2017-03-10 | Barclays | Overweight | Maintains | |
| 2016-12-16 | TD Securities | Buy | Maintains | |
| 2016-12-01 | RBC Capital | Outperform | Maintains | |
| 2016-11-28 | RBC Capital | Outperform | Maintains | |
| 2016-11-25 | Sbank | Outperform | Maintains | |
| 2016-10-19 | CIBC | Sector Performer | Sector Outperform | Upgrade |
| 2016-09-09 | Barclays | Overweight | Maintains | |
| 2016-09-06 | RBC Capital | Outperform | Maintains | |
| 2016-05-27 | Barclays | Overweight | Maintains | |
| 2016-05-20 | RBC Capital | Outperform | Maintains | |
| 2015-12-04 | Sbank | Outperform | Maintains | |
| 2015-12-04 | Cantor Fitzgerald | Buy | Maintains | |
| 2015-12-04 | RBC Capital | Outperform | Maintains | |
| 2015-12-04 | Barclays | Overweight | Maintains | |
| 2015-11-25 | Sbank | Outperform | Maintains | |
| 2015-09-11 | Barclays | Overweight | Maintains | |
| 2015-09-11 | Canaccord Genuity | Buy | Maintains | |
| 2015-05-29 | Barclays | Overweight | Maintains | |
| 2014-12-05 | Barclays | Overweight | Maintains | |
| 2014-11-25 | Morgan Stanley | Equal-Weight | Initiate | |
| 2014-11-21 | Sbank | Outperform | Maintains | |
| 2014-08-18 | Barclays | Outperform | Maintains | |
| 2014-04-22 | Sbank | Outperform | Maintains | |
| 2014-03-24 | Raymond James Financial | Outperform | Initiate | |
| 2014-03-07 | TD Securities | Buy | Maintains | |
| 2014-03-07 | Global Maxfin | Strong Buy | Maintains | |
| 2013-12-05 | BMO Capital Markets | At Market Perform | Maintains | |
| 2013-12-05 | Paradigm Capital | Buy | Maintains | |
| 2013-12-04 | Canaccord Genuity | Buy | Maintains | |
| 2013-12-04 | PI Financial | Neutral | Buy | Upgrade |
| 2013-11-27 | PI Financial | Buy | Neutral | Downgrade |
| 2013-11-14 | Cantor Fitzgerald | Buy | Maintains | |
| 2013-11-14 | Paradigm Capital | Buy | Maintains | |
| 2013-11-14 | TD Securities | Buy | Maintains | |
| 2013-09-06 | BMO Capital Markets | At Market Perform | Maintains | |
| 2013-09-06 | CIBC World Markets | Sector Perform | Maintains | |
| 2013-09-06 | Canaccord Genuity | Buy | Maintains | |
| 2013-05-31 | TD Securities | Buy | Maintains | |
| 2013-05-31 | Canaccord Genuity | Buy | Maintains | |
| 2013-05-08 | M Partners | Buy | Maintains | |
| 2013-05-03 | CIBC World Markets | Sector Perform | Maintains | |
| 2013-03-08 | BMO Capital | Market Perform | Maintains | |
| 2024-05-19 | REDBURN ATLANTIC | Neutral | Neutral | Maintains |
| 2024-12-17 | Loop Capital | Buy | Initiate | |
| 2024-11-29 | RBC Capital | Outperform | Outperform | Maintains |
| 2024-12-04 | Scotiabank | Sector Outperform | Sector Outperform | Maintains |
| 2024-12-04 | BMO Capital | Market Perform | Market Perform | Maintains |
| 2025-03-24 | NATIONAL BANK FINANCIAL | Outperform | Outperform | Maintains |
| 2025-03-24 | CANACCORD GENUITY | Buy | Buy | Maintains |
| 2025-03-24 | SCOTIABANK GBM | Outperform | Outperform | Maintains |
| 2025-03-06 | RBC Capital | Outperform | Outperform | Maintains |
| 2025-03-06 | BMO Capital | Market Perform | Market Perform | Maintains |
| 2025-03-06 | Barclays | Equal-Weight | Equal-Weight | Maintains |
| 2025-03-06 | Stephens & Co. | Overweight | Overweight | Maintains |
| 2024-12-12 | CANACCORD GENUITY | Buy | Buy | Maintains |
| 2024-12-05 | SCOTIABANK GBM | Outperform | Outperform | Maintains |
| 2024-12-04 | NATIONAL BANK FINANCIAL | Outperform | Outperform | Maintains |
| 2025-03-28 | RBC Capital | Outperform | Outperform | Reiterate |
| 2025-03-26 | Scotiabank | Sector Outperform | Sector Outperform | Maintains |
| 2025-07-14 | NATIONAL BANK FINANCIAL | Outperform | Outperform | Maintains |
| 2025-06-29 | CANACCORD GENUITY | Buy | Buy | Maintains |
| 2025-06-09 | SCOTIABANK GBM | Outperform | Outperform | Maintains |
| 2025-06-05 | RBC Capital | Outperform | Outperform | Maintains |
| 2025-06-05 | Barclays | Equal-Weight | Equal-Weight | Maintains |
| 2025-07-14 | Morgan Stanley | Equal-Weight | Initiate |
