BidaskClub cut shares of Daseke (NASDAQ:DSKE) from a buy rating to a hold rating in a report published on Saturday.
Several other analysts also recently weighed in on the company. Northland Securities restated a buy rating and issued a $17.50 price target on shares of Daseke in a research note on Monday, December 11th. Stifel Nicolaus restated a buy rating and issued a $15.00 price target on shares of Daseke in a research note on Sunday, October 1st. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and a consensus price target of $14.88.
Shares of Daseke (DSKE) opened at $13.99 on Friday. The company has a debt-to-equity ratio of 2.05, a current ratio of 2.88 and a quick ratio of 2.89. The firm has a market capitalization of $621.05 and a P/E ratio of -16.86. Daseke has a 52 week low of $8.76 and a 52 week high of $14.52.
Daseke (NASDAQ:DSKE) last posted its quarterly earnings results on Thursday, November 9th. The company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.09). The company had revenue of $231.32 million during the quarter, compared to the consensus estimate of $214.48 million. The company’s quarterly revenue was up 32.8% on a year-over-year basis. analysts forecast that Daseke will post -0.58 earnings per share for the current fiscal year.
An institutional investor recently raised its position in Daseke stock. Schwab Charles Investment Management Inc. boosted its holdings in Daseke Inc (NASDAQ:DSKE) by 93.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 137,320 shares of the company’s stock after acquiring an additional 66,176 shares during the quarter. Schwab Charles Investment Management Inc. owned 0.31% of Daseke worth $1,963,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 34.07% of the company’s stock.
Daseke Company Profile
Daseke, Inc is a consolidator of the open deck freight market in North America. The Company provides open deck transportation and logistics. It operates through two segments: Flatbed Solutions and Specialized Solutions. The Flatbed Solutions segment focuses on delivering transportation and logistics solutions that principally require the use of flatbed and retractable-sided transportation equipment.
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