Daseke (NASDAQ:DSKE) Stock Rating Lowered by BidaskClub

Daseke (NASDAQ:DSKE) was downgraded by research analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Friday, January 5th.

Several other analysts also recently commented on the stock. Northland Securities reaffirmed a “buy” rating and issued a $17.50 price objective on shares of Daseke in a report on Monday, December 11th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $15.00 price objective on shares of Daseke in a report on Sunday, October 1st. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Daseke presently has an average rating of “Buy” and an average price target of $14.88.

Shares of Daseke (NASDAQ DSKE) traded down $0.30 during trading on Friday, reaching $13.69. 152,550 shares of the company’s stock were exchanged, compared to its average volume of 142,745. The company has a current ratio of 2.88, a quick ratio of 2.89 and a debt-to-equity ratio of 2.05. Daseke has a twelve month low of $8.76 and a twelve month high of $14.52.

Daseke (NASDAQ:DSKE) last issued its quarterly earnings results on Thursday, November 9th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.06 by ($0.09). The business had revenue of $231.32 million for the quarter, compared to analyst estimates of $214.48 million. The company’s revenue for the quarter was up 32.8% on a year-over-year basis. research analysts forecast that Daseke will post -0.58 EPS for the current year.

A hedge fund recently raised its stake in Daseke stock. Schwab Charles Investment Management Inc. grew its holdings in Daseke Inc (NASDAQ:DSKE) by 93.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 137,320 shares of the company’s stock after acquiring an additional 66,176 shares during the period. Schwab Charles Investment Management Inc. owned about 0.31% of Daseke worth $1,963,000 at the end of the most recent quarter. Institutional investors and hedge funds own 34.22% of the company’s stock.

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About Daseke

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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