Daseke (NASDAQ:DSKE) was downgraded by BidaskClub from a “hold” rating to a “sell” rating in a research note issued on Tuesday, September 25th.
A number of other analysts have also recently commented on the company. Cowen reissued a “buy” rating and issued a $15.00 price target on shares of Daseke in a research report on Friday, August 10th. Buckingham Research boosted their price target on Daseke from $14.00 to $15.00 and gave the stock a “buy” rating in a research report on Tuesday, June 12th. One analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the company’s stock. Daseke has an average rating of “Buy” and an average price target of $14.88.
Daseke stock opened at $7.35 on Tuesday. The company has a current ratio of 2.19, a quick ratio of 2.19 and a debt-to-equity ratio of 1.43. The company has a market cap of $516.85 million, a price-to-earnings ratio of -12.25 and a beta of 0.75. Daseke has a fifty-two week low of $7.08 and a fifty-two week high of $14.52.
Daseke (NASDAQ:DSKE) last posted its quarterly earnings data on Thursday, August 9th. The company reported $0.20 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.04 by $0.16. Daseke had a return on equity of 1.78% and a net margin of 4.32%. The business had revenue of $376.90 million for the quarter, compared to analysts’ expectations of $356.01 million. During the same period in the previous year, the firm posted ($0.15) EPS. The business’s revenue was up 91.0% on a year-over-year basis. As a group, analysts forecast that Daseke will post 0.14 earnings per share for the current year.
A number of hedge funds and other institutional investors have recently made changes to their positions in DSKE. Rhumbline Advisers raised its stake in Daseke by 42.2% during the 1st quarter. Rhumbline Advisers now owns 24,481 shares of the company’s stock valued at $240,000 after buying an additional 7,265 shares during the last quarter. Victory Capital Management Inc. purchased a new stake in Daseke during the 1st quarter valued at $887,000. Swiss National Bank raised its stake in Daseke by 49.7% during the 1st quarter. Swiss National Bank now owns 67,800 shares of the company’s stock valued at $664,000 after buying an additional 22,500 shares during the last quarter. Schwab Charles Investment Management Inc. raised its stake in Daseke by 44.9% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 198,917 shares of the company’s stock valued at $1,948,000 after buying an additional 61,597 shares during the last quarter. Finally, Northern Trust Corp raised its stake in Daseke by 27.3% during the 1st quarter. Northern Trust Corp now owns 391,240 shares of the company’s stock valued at $3,830,000 after buying an additional 83,986 shares during the last quarter. Institutional investors own 37.65% of the company’s stock.
Daseke, Inc provides transportation and logistics solutions with a focus on flatbed and specialized freight in North America. It operates through Flatbed Solutions and Specialized Solutions segments. The company transports heavy haul freight, defense and commercial arms, ammunition and explosives, radioactive cargo and hazardous materials, and commercial sheet glass, as well as offers 10-wheel drive-away services.
Recommended Story: Stop Order Uses For Individual Investors
Receive News & Ratings for Daseke Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Daseke and related companies with MarketBeat.com's FREE daily email newsletter.