DSKE has been the subject of several other reports. Craig Hallum upgraded Daseke from a “hold” rating to a “buy” rating in a report on Monday, March 11th. Northland Securities initiated coverage on Daseke in a report on Tuesday, May 21st. They set a “buy” rating and a $8.50 target price for the company. BidaskClub upgraded Daseke from a “sell” rating to a “hold” rating in a report on Wednesday. Cowen restated a “buy” rating and set a $6.50 target price on shares of Daseke in a report on Monday, May 6th. Finally, Seaport Global Securities restated a “buy” rating on shares of Daseke in a report on Friday, April 5th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $10.00.
Shares of Daseke stock traded up $0.06 during trading on Wednesday, hitting $4.21. 61,200 shares of the stock traded hands, compared to its average volume of 303,585. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 1.69. The firm has a market capitalization of $267.65 million, a PE ratio of 6.58 and a beta of 1.39. Daseke has a 52 week low of $3.13 and a 52 week high of $10.19.
Daseke (NASDAQ:DSKE) last announced its quarterly earnings data on Monday, May 6th. The company reported $0.03 EPS for the quarter, beating the consensus estimate of ($0.09) by $0.12. The firm had revenue of $433.00 million for the quarter, compared to analyst estimates of $420.96 million. Daseke had a positive return on equity of 5.50% and a negative net margin of 0.80%. The company’s revenue was up 32.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.10 EPS. As a group, analysts predict that Daseke will post -0.3 earnings per share for the current fiscal year.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DSKE. Kovack Advisors Inc. purchased a new stake in Daseke in the 4th quarter worth approximately $39,000. BNP Paribas Arbitrage SA lifted its holdings in Daseke by 447.9% in the 1st quarter. BNP Paribas Arbitrage SA now owns 8,537 shares of the company’s stock worth $43,000 after buying an additional 6,979 shares during the period. Citigroup Inc. lifted its holdings in Daseke by 17.6% in the 4th quarter. Citigroup Inc. now owns 15,753 shares of the company’s stock worth $58,000 after buying an additional 2,362 shares during the period. Freestone Capital Holdings LLC purchased a new stake in Daseke in the 4th quarter worth approximately $65,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Daseke by 278.5% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,489 shares of the company’s stock worth $74,000 after buying an additional 10,661 shares during the period. Institutional investors and hedge funds own 33.18% 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 two segments, Flatbed Solutions and Specialized Solutions. The company transports aircraft parts, manufacturing equipment, structural steel, pressure vessels, wind turbine blades, heavy machinery, commercial glass, high security cargo, arms, ammunition and explosives, lumber, and building and construction materials.
Recommended Story: Why are analyst ratings important in trading stocks?
To view ValuEngine’s full report, visit ValuEngine’s official website.
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.